OPEC+ decided not to increase oil production until the end of 2026 amid the war in the Middle East

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%
• Feb 5, 2024OPEC+ to decide on extending oil production cuts into Q2 2024 in March+5.7%
• Jun 2, 2024OPEC+ to extend deep oil production cuts into 2025 | CNN Business-2.0%
• Apr 4, 2024OPEC+ keeps current oil production cut policy unchanged  – Middle East Monitor+1.2%
• Nov 30, 2017Opec and Russia extend deal to cut oil production through 2018-2.7%

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%
• Feb 5, 2024OPEC+ to decide on extending oil production cuts into Q2 2024 in March+6.3%
• Jun 2, 2024OPEC+ to extend deep oil production cuts into 2025 | CNN Business-1.9%
• Apr 4, 2024OPEC+ keeps current oil production cut policy unchanged  – Middle East Monitor+0.9%
• Nov 30, 2017Opec and Russia extend deal to cut oil production through 2018-2.5%