Opec in dilemma over output cut extension: QNB

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Nov 22, 2016Oil prices ease off three-week high on worries over OPEC output cut-4.7%
• May 30, 2023Explainer-Why is OPEC+ cutting oil output?-0.4%
• Oct 24, 2017OPEC said to work on exit strategy alongside cuts extension+4.3%
• Aug 11, 2019Opec mulls further output cuts to support oil prices+0.7%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-31.3%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Nov 22, 2016Oil prices ease off three-week high on worries over OPEC output cut+0.1%
• May 30, 2023Explainer-Why is OPEC+ cutting oil output?+0.0%
• Oct 24, 2017OPEC said to work on exit strategy alongside cuts extension+5.6%
• Aug 11, 2019Opec mulls further output cuts to support oil prices+1.5%
• Mar 6, 2020OPEC output cut deal falls apart as Russia resists, sending oil prices into tailspin - The Express Tribune-36.6%