What if a renewed Saudi-Russia quota split triggers a competitive supply surge that collapses prices?
A renewed Saudi-Russia disagreement over quotas, as in 2020, fractures OPEC+ output discipline and triggers a competitive supply surge that collapses prices.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-on shock. A renewed Saudi-Russia disagreement over quotas, as in 2020, fractures OPEC+ output discipline and triggers a competitive supply surge that collapses prices. The trigger decomposes into signed root‑shocks — Credit spreads ▲ · Oil demand ▼ · Oil supply risk ▼ · Risk appetite ▼ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Brent crude BRENTon Hyperliquid 📈 chart | Commodity | ▼ -4.2% hist -4.85–-0.33% · other way -0.45% (n=11) |
| 2 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▼ -3.6% hist -2.77–-0.78% · other way -0.29% (n=11) |
| 3 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▼ -2.5% hist -2.57–-0.31% · other way +1.32% (n=11) |
| 4 | United Airlines UAL 📈 chart | Equity | ▲ +2.1% hist -1.89–+6.67% · other way +8.63% (n=11) |
| 5 | ExxonMobil XOM 📈 chart | Equity | ▼ -1.8% hist -1.99–-0.18% · other way +0.2% (n=12) |
| 6 | Chevron CVX 📈 chart | Equity | ▼ -1.6% hist -1.93–-0.09% · other way +0.97% (n=12) |
| 7 | Delta DAL 📈 chart | Equity | ▲ +1.8% hist -1.16–+5.71% · other way +6.81% (n=11) |
| 8 | Tech sector XLK 📈 chart | Equity | ▲ +0.6% hist -0.11–+0.99% · other way -0.37% (n=11) |
| 9 | Gold XAUon Hyperliquid 📈 chart | Commodity | ▲ +0.7% hist -0.15–+1.42% · other way -0.9% (n=11) |
| 10 | 30y Treasury yield DGS30 📈 chart | Rate | ▼ -7bp hist -7.28–-0.99% · other way +21.7% (n=12) |
| 11 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.4% hist -0.09–+0.86% · other way +0.16% (n=11) |
| 12 | 10y Treasury yield DGS10 📈 chart | Rate | ▼ -6bp hist -7.62–-0.33% · other way +27.8% (n=12) |
| 13 | Arm ARMon Hyperliquid 📈 chart | Equity | ▲ +0.3% hist -4.59–+5.01% · other way -6.29% (n=5) |
| 14 | US dollar (DXY) DXYon Hyperliquid 📈 chart | FX | ▼ -0.3% hist -0.34–+0.59% · other way +1.53% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| BRENT BRENT | SHORT | -2.6% · 5d -2.1% | 66% | 40 | 0.29 | ✓ matches cascade |
| XLF XLF | SHORT | -1.0% · 5d -1.1% | 64% | 40 | 0.26 | ✓ matches cascade |
| Bitcoin BTC | SHORT | -0.3% · 5d -3.1% | 65% | 23 | 0.26 | · |
| EURUSD EURUSD | SHORT | -0.8% · 5d -0.1% | 61% | 40 | 0.22 | ⚠ differs |
| USDJPY USDJPY | SHORT | -0.3% · 5d -0.4% | 64% | 40 | 0.22 | ✓ matches cascade |
| US dollar DXY | LONG | +0.7% · 5d +0.1% | 61% | 40 | 0.20 | ⚠ differs |
| DAL DAL | LONG | +4.4% · 5d +0.8% | 59% | 40 | 0.18 | ✓ matches cascade |
| Gold XAU | LONG | +1.0% · 5d +0.0% | 59% | 40 | 0.18 | ✓ matches cascade |
| XLE XLE | SHORT | -1.2% · 5d -0.3% | 59% | 40 | 0.17 | ✓ matches cascade |
| 10y yield DGS10 | SHORT | -4bp · 5d +1bp ↺ fades | 61% | 40 | 0.17 | ✓ matches cascade |
| CL CL | SHORT | -0.8% · 5d -1.7% | 59% | 40 | 0.16 | ✓ matches cascade |
| SOL SOL | SHORT | -0.2% · 5d -9.4% | 61% | 15 | 0.16 | ⚠ differs |
| NDX NDX | LONG | +0.6% · 5d -0.9% ↺ fades | 59% | 40 | 0.15 | ✓ matches cascade |
| GBPUSD GBPUSD | SHORT | -0.5% · 5d +0.0% ↺ fades | 57% | 40 | 0.12 | ⚠ differs |