How to Raise Oil Prices Without Really Cutting

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.

• Aug 3, 2022Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg-3.4%
• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+4.0%
• Aug 1, 2022Oil output to see small hike to ease energy prices-11.9%
• Jan 4, 2026OPEC+ Sticks With Plan to Keep Oil Flow Steady Amid Turmoil - Bloomberg+4.7%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+9.7%

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.

• Aug 3, 2022Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg-4.1%
• Oct 31, 2022OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg+5.4%
• Aug 1, 2022Oil output to see small hike to ease energy prices-9.5%
• Jan 4, 2026OPEC+ Sticks With Plan to Keep Oil Flow Steady Amid Turmoil - Bloomberg+3.1%
• Dec 2, 2021Oil prices: OPEC and Russia stick with plans to increase oil output in January | CNN Business+10.6%