OPEC set to meet with allies on compliance

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.

• Aug 19, 2020OPEC+ meets to review compliance with oil cuts - Markets - Business Recorder+0.8%
• Sep 17, 2020Oil reverses losses to gain 2% as OPEC urges compliance with production cuts-0.6%
• Aug 17, 2020OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'+0.7%
• Feb 26, 2017OPEC, non-OPEC reach 86 percent compliance with product cuts | Al Bawaba-1.2%
• Nov 1, 2017Brent oil near two-year highs as OPEC's compliance with cuts improves+5.2%

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.

• Aug 19, 2020OPEC+ meets to review compliance with oil cuts - Markets - Business Recorder+1.2%
• Sep 17, 2020Oil reverses losses to gain 2% as OPEC urges compliance with production cuts-0.7%
• Aug 17, 2020OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'-1.5%
• Feb 26, 2017OPEC, non-OPEC reach 86 percent compliance with product cuts | Al Bawaba-0.6%
• Nov 1, 2017Brent oil near two-year highs as OPEC's compliance with cuts improves+4.3%