Global oil supply up 2.3M barrels per day in October

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.

• Mar 9, 2017Oil falls to below $49 per barrel in selloff - UPI.com-3.7%
• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+0.8%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+8.3%
• Jan 16, 2020IEA sees well-supplied oil market despite slower shale growth | S&P Global-1.5%
• Nov 28, 2025Swelling supply to keep oil prices under strain in 2026 | Reuters+0.1%

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.

• Mar 9, 2017Oil falls to below $49 per barrel in selloff - UPI.com-2.9%
• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+1.3%
• Oct 30, 2020OPEC oil output rises by 210,000 bpd in October-survey | Financial Post+7.3%
• Jan 16, 2020IEA sees well-supplied oil market despite slower shale growth | S&P Global-4.0%
• Jan 31, 2018US oil production tops 10 million barrels a day for first time since 1970-1.8%