OPEC+ announces no adjustment to crude oil production in December

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.

• Dec 5, 2024OPEC+ members to delay oil production increases+0.6%
• Apr 2, 2023Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts | CNN Business+7.4%
• Oct 5, 2022OPEC announces big cut in oil production despite US pressure | CNN Business+2.1%
• Oct 4, 2026OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains-0.9%
• Dec 7, 2018OPEC and allies agree to cut oil production+2.2%

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.

• Dec 5, 2024OPEC+ members to delay oil production increases+2.6%
• Apr 2, 2023Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts | CNN Business+5.4%
• Oct 5, 2022OPEC announces big cut in oil production despite US pressure | CNN Business+3.3%
• Oct 4, 2026OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains+0.8%
• Dec 7, 2018OPEC and allies agree to cut oil production+2.2%