OPEC+ output jumps by 2.04 million barrels per day in October to 41.2 million

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.

• Oct 31, 2019OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters+2.5%
• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-1.7%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+8.3%
• Jan 31, 2018US oil production tops 10 million barrels a day for first time since 1970-2.3%
• Mar 9, 2017Oil falls to below $49 per barrel in selloff - UPI.com-3.7%

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.

• Oct 31, 2019OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters+2.4%
• Aug 31, 2018Saudi crude oil output in August rises to 10.424 million b/d: OPEC source-3.6%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+7.3%
• Jan 31, 2018US oil production tops 10 million barrels a day for first time since 1970-1.8%
• Mar 9, 2017Oil falls to below $49 per barrel in selloff - UPI.com-2.9%