OPEC Crude Output Climbed to 27.16 Million Bpd in October

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%
• Mar 6, 2019EIA: US crude inventories climb 7.1 million bbl+0.6%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+7.3%
• Sep 29, 2017OPEC oil output rises by 50,000 bpd in September - Reuters survey-1.6%
• Jul 12, 2017OPEC's oil output jumps again as the group struggles to end crude glut+3.0%

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%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+8.3%
• Sep 29, 2017OPEC oil output rises by 50,000 bpd in September - Reuters survey-1.8%
• Jul 12, 2017OPEC's oil output jumps again as the group struggles to end crude glut+2.7%
• Oct 11, 2018OPEC hikes oil output in September as Iran's production falls-4.2%