I think that came during the period of Black & White by Lionhead Studios. (which was a milestone in using gestures to cast spells by swirly your mouse around)
And Opera openly admitted that they copied B&W there, because they considered it a very useful feature. It even came in a sub-version, which at that time was somewhat unusual for such an important feature.
> right click drag left to go back, right click... swirl? to reload
I still customise my Chrome and Firefox mouse gestures add-ons to work exactly this way, despite having long forgotten where those conventions originally came from.
I was an avid Opera user around 2004. True MDI interface, mouse gestures...come to think of it, that was the peak of my web browsing.
Sure, my current browser supports the latest web standards that enable great things and sure, my internet speed is a lot higher. But just from a "browsing the web" perspective, Opera was the high point.