OPEC Crude Output Rises Toward Pre-War Levels

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-3.6%
• Jul 12, 2017OPEC's oil output jumps again as the group struggles to end crude glut+3.0%
• Sep 23, 2018OPEC raises U.S. oil supply outlook, sees lower demand for own crude+3.4%
• Apr 11, 2025OPEC+ nudges up crude output amid mounting volatility, poor compliance+7.5%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+5.2%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-1.7%
• Jul 12, 2017OPEC's oil output jumps again as the group struggles to end crude glut+2.7%
• Sep 23, 2018OPEC raises U.S. oil supply outlook, sees lower demand for own crude+4.9%
• Apr 11, 2025OPEC+ nudges up crude output amid mounting volatility, poor compliance+6.7%
• Jul 31, 2020OPEC oil output rises by 970,000 bpd in July - survey | Financial Post+4.9%