Seven OPEC+ Producers Keep December Output Unchanged While Crude Opens Lower

After 12 past neutral trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (33% higher; middle half -3.6% to +0.9%), and +1.2% over 20.

• Apr 4, 2018Oil ends slightly lower on trade fears - MarketWatch+3.2%
• Apr 4, 2018Oil down slightly; U.S. inventory draw offsets trade war fears+3.2%
• Mar 15, 2023Canola supplies from Australia continue to put pressure on canola prices in the EU-2.6%
• May 15, 2026US, Brazil see jump in ethanol exports as consumers seek to boost fuel supplies-4.4%
• Apr 10, 2026Iran war raises demand for U.S. fuel, boosting Gulf Coast refining margins - BIC Magazine-3.2%

After 12 past neutral trade events, Crude Oil (Brent) moved a median +2.3% over 5 sessions (75% higher; middle half +0.2% to +4.6%), and +4.7% over 20.

• May 27, 2019Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto-9.0%
• Sep 16, 2019U.S. crude export demand surges after attack on Saudi facilities+6.6%
• Nov 3, 2017LNG prices soar as China faces winter gas crunch | LNG Industry+5.8%
• Apr 4, 2018Oil ends slightly lower on trade fears - MarketWatch+3.3%
• Apr 14, 2021China's Iranian oil buying spree crushes demand for Brazil, Angola crude+4.3%