OPEC celebrates supply cap deal compliance, analysts say not out of woods yet - BusinessDay NG, TV, and Podcast

After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.

• Apr 28, 2017Oil cut deal now at 98% compliance level, says OPEC | TheCable-4.9%
• Jan 21, 2018OPEC’s output curb seen going past 2018 - Businessday NG+2.5%
• Mar 6, 2017OPEC not entirely in compliance with production deal - UPI.com-7.3%
• Mar 5, 2020OPEC agrees 1.5m b/d output cut - but compliance will be key | Wood Mackenzie-31.8%
• Jun 6, 2020OPEC and its allies reach deal to cut oil production through July | CNN Business-7.2%

After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.

• Apr 28, 2017Oil cut deal now at 98% compliance level, says OPEC | TheCable-7.0%
• Jan 21, 2018OPEC’s output curb seen going past 2018 - Businessday NG+4.5%
• Mar 6, 2017OPEC not entirely in compliance with production deal - UPI.com-9.6%
• Mar 5, 2020OPEC agrees 1.5m b/d output cut - but compliance will be key | Wood Mackenzie-29.3%
• Jun 6, 2020OPEC and its allies reach deal to cut oil production through July | CNN Business-8.3%