Iraq records second-largest increase in OPEC output as Brent falls below $100

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Sep 29, 2025Brent Prices Retreat below $70 as OPEC+ Mulls Another Output Hike | OilPrice.com-7.5%
• Jun 1, 2025Oil falls as higher OPEC+ output expectations weigh on sentiment+4.9%
• Apr 27, 2020U.S. oil plunges 25%, Brent falls below $20 a barrel | Reuters+19.9%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-2.2%
• Jul 5, 2022Oil tumbles as much as 10%, breaks below $100 as recession fears mount-4.9%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Sep 29, 2025Brent Prices Retreat below $70 as OPEC+ Mulls Another Output Hike | OilPrice.com-7.3%
• Jun 1, 2025Oil falls as higher OPEC+ output expectations weigh on sentiment+6.2%
• Apr 27, 2020U.S. oil plunges 25%, Brent falls below $20 a barrel | Reuters+21.1%
• Oct 1, 2025Oil settles lower as investors brace for possible OPEC+ output hike-1.0%
• Jul 5, 2022Oil tumbles as much as 10%, breaks below $100 as recession fears mount-3.9%