Opec+ holds December oil output steady amid rising Gulf shipping threats

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.

• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.2%
• Nov 4, 2019OPEC+ might cut output after December meeting | Report.az+2.2%
• Sep 6, 2026OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ+12.0%
• Mar 1, 2017Oil rises as Opec sticks to output pledges, rising US production cap gains+1.5%
• Apr 3, 2024OPEC+ Keeps Oil Output Steady As Crude Prices Soar+2.8%

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.

• Oct 30, 2024OPEC+ could delay December oil output hike, sources say+7.1%
• Nov 4, 2019OPEC+ might cut output after December meeting | Report.az+1.8%
• Sep 6, 2026OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ+9.3%
• Mar 1, 2017Oil rises as Opec sticks to output pledges, rising US production cap gains-2.2%
• Apr 3, 2024OPEC+ Keeps Oil Output Steady As Crude Prices Soar+0.1%