Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Volatile Up and Down Moves Post-OPEC Meetings
Dec 4, 2018

Talking about the OPEC meeting and its impact on crude oil prices, I found some interesting data.

I wanted to check the impact on crude oil prices immediately after OPEC meetings.

I considered November 2014 as the starting point for this exercise.

Guess what? After OPEC meetings, crude oil prices have seen volatile moves both ways.

Look at this chart...

In the last four years, crude oil prices have moved between -7% and 9% in a single day immediately after OPEC meetings.

So, I won't be surprised if we see a similar volatility after Thursday's meeting.

It is important to note that, in the short term, OPEC has significant influence on the price of crude oil. But in the long term, its ability to influence the price of oil is quite limited. This because individual countries within OPEC have different incentives than the group as a whole.

Data Source: OPEC,

This Chart Of The Day was published in The 5 Minute WrapUp - Forget About RBI's MPC Meeting. Focus on This More Important Meeting Instead

Equitymaster requests your view! Post a comment on "Volatile Up and Down Moves Post-OPEC Meetings". Click here!


Our Most Popular Charts

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms