Brent tops $50 a barrel for first time in six weeks

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• Sep 12, 2017OPEC oil production falls for the first time since March+3.8%
• Nov 22, 2016Diesel prices are down for third week in a row - Logistics Management-4.7%
• Mar 10, 2026Brent to trade above $95 for next two months on Iran war, EIA says  | Reuters-1.3%
• Apr 12, 2018Oil surplus is vanishing, thanks to healthy demand and output curbs, Opec says | The National+2.4%
• Jan 18, 2019OPEC cuts crude production for market re-balancing – National Daily Newspaper+2.1%

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• Sep 12, 2017OPEC oil production falls for the first time since March+2.7%
• Mar 10, 2026Brent to trade above $95 for next two months on Iran war, EIA says  | Reuters+4.1%
• Apr 12, 2018Oil surplus is vanishing, thanks to healthy demand and output curbs, Opec says | The National+1.7%
• Jan 18, 2019OPEC cuts crude production for market re-balancing – National Daily Newspaper+1.0%
• Apr 19, 2022EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 - U.S. Energy Information Administration (EIA)-10.0%