# Oil treads water with OPEC silence on extension - Taipei Times

> Oil rose slightly on Friday, ending 0.2% higher, after an OPEC gathering concluded without a decision on extending or deepening supply cuts. Russia's energy minister said producers could wait until January, and the next key meeting is November 30.

- Date: 2017-09-23 · published 2017-09-23T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/69137-oil-treads-water-with-opec-silence-on-extension-taipei-times
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The deferred decision keeps uncertainty over OPEC supply, which supports crude prices and energy-linked feed costs in the near term.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-10-09 | [Oil prices climb after OPEC signals possible deal extension](https://feedsoft.ai/events/68621-oil-prices-climb-after-opec-signals-possible-deal-extension.md) | +2.6% | +11.1% |
| BRENT | 2019-06-30 | [Oil prices edge up on hopes of supply cuts extension by OPEC](https://feedsoft.ai/events/58762-oil-prices-edge-up-on-hopes-of-supply-cuts-extension-by-opec.md) | -4.2% | -6.1% |
| BRENT | 2017-05-25 | [Supply concerns trigger oil price plunge after OPEC extension \| Offshore Magazine](https://feedsoft.ai/events/71162-supply-concerns-trigger-oil-price-plunge-after-opec-extension-offshore-magazine.md) | -7.0% | -16.6% |
| BRENT | 2017-07-31 | [OPEC set to meet with allies on compliance \| The Greater Middle East](https://feedsoft.ai/events/70161-opec-set-to-meet-with-allies-on-compliance-the-greater-middle-east.md) | +0.4% | -0.2% |
| BRENT | 2019-06-29 | [Russia agrees with Saudi Arabia to extend OPEC+ oil output deal - Reuters](https://feedsoft.ai/events/58525-russia-agrees-with-saudi-arabia-to-extend-opec-oil-output-deal-reuters.md) | -4.2% | -6.1% |
| WTI | 2017-10-09 | [Oil prices climb after OPEC signals possible deal extension](https://feedsoft.ai/events/68621-oil-prices-climb-after-opec-signals-possible-deal-extension.md) | +4.3% | +12.8% |
| WTI | 2019-06-30 | [Oil prices edge up on hopes of supply cuts extension by OPEC](https://feedsoft.ai/events/58762-oil-prices-edge-up-on-hopes-of-supply-cuts-extension-by-opec.md) | -1.4% | -2.5% |
| WTI | 2017-05-25 | [Supply concerns trigger oil price plunge after OPEC extension \| Offshore Magazine](https://feedsoft.ai/events/71162-supply-concerns-trigger-oil-price-plunge-after-opec-extension-offshore-magazine.md) | -5.4% | -16.7% |

## Sources

- taipeitimes.com: https://www.taipeitimes.com/News/biz/archives/2017/09/24/2003679015

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.