Oil: Top OPEC members put 'pedal to the metal' ahead of output cuts

After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.

• May 27, 2019Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto-8.5%
• Jan 23, 2017OPEC's 'fantastic' cuts fail to lift oil as market frets over Trump's protectionist policies - Financial Post+1.6%
• Jul 22, 2025Oil prices fall as key trade talks falter ahead of tariff deadline-0.8%
• Jun 3, 2019Oil falls as trade fears offset expectations for prolonged supply cuts+0.9%
• Apr 7, 2025Oil drops to four-year low, metals fall on recession fears-0.8%

After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% over 20.

• Jan 23, 2017OPEC's 'fantastic' cuts fail to lift oil as market frets over Trump's protectionist policies - Financial Post-0.2%
• Jul 22, 2025Oil prices fall as key trade talks falter ahead of tariff deadline-0.1%
• Jun 3, 2019Oil falls as trade fears offset expectations for prolonged supply cuts-2.9%
• Apr 7, 2025Oil drops to four-year low, metals fall on recession fears-1.7%
• Apr 4, 2025COMMODITIES Oil sinks to pandemic lows; metals, soybeans slump as China retaliates-9.8%