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OPEC's 173rd Ministerial Meeting was held in Vienna on 30 November 2016 under Saudi chairmanship. It welcomed new energy ministers from Algeria, Angola and Venezuela and thanked departing officials.
The meeting is procedural and largely reflects the November 2016 output deal already priced into crude markets, so it adds little new price direction.
euro-petrole.comEuropétroleJan 12, 2017After 844 past policy events, Crude Oil (WTI) moved a median +0.6% over 5 sessions (56% higher; middle half -3.0% to +4.1%), and +1.4% over 20.
After 833 past policy events, Crude Oil (Brent) moved a median +0.6% over 5 sessions (54% higher; middle half -3.3% to +3.7%), and +1.3% over 20.
After 157 past policy events, ULSD / Diesel moved a median +0.4% over 5 sessions (53% higher; middle half -4.4% to +3.3%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
