Midweek Oil Wrap: Brent Tops $90 A Barrel After Pulling Back Briefly, OPEC October Oil Output, Strategic Petroleum Reserve And More

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Apr 9, 2020OPEC and allies agree to historic 10 million barrel per day oil cut-20.7%
• Jun 25, 2018Take a look at the WTI and Brent crude oil prices after OPEC | IG South Africa+7.6%
• Mar 28, 2024Oil rises more than $1 a barrel on tighter supply outlook+6.4%
• Sep 24, 2018Bullish forecast for oil as Brent touches $80 per barrel+3.4%
• Aug 31, 2026Brent nears $90 after US-Iran strikes: Why is crude oil price rising?+9.6%

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Apr 9, 2020OPEC and allies agree to historic 10 million barrel per day oil cut-20.8%
• Jun 25, 2018Take a look at the WTI and Brent crude oil prices after OPEC | IG South Africa+5.1%
• Mar 28, 2024Oil rises more than $1 a barrel on tighter supply outlook+5.8%
• Sep 24, 2018Bullish forecast for oil as Brent touches $80 per barrel+4.9%
• Aug 31, 2026Brent nears $90 after US-Iran strikes: Why is crude oil price rising?+10.8%