# WTI keeps rising and hits $69.00 after OPEC agreement - Forex Crunch

> WTI crude rose to $69.00, its highest since May 25, after OPEC agreed to raise output by about 600,000 barrels a day, less than expected. WTI was up about 5% on the day and close to $5 for the week.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11576-wti-keeps-rising-and-hits-69-00-after-opec-agreement-forex-crunch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The OPEC deal restores compliance with the existing output agreement, so the supply response is limited and crude prices are supported. Higher crude raises energy and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-12-01 | [Brent Jumps After OPEC+ Keeps Output Unchanged](https://feedsoft.ai/events/21668-brent-jumps-after-opec-keeps-output-unchanged.md) | +2.7% | -1.1% |
| WTI | 2017-02-01 | [OPEC Agreement Raises Hope, Skepticism](https://feedsoft.ai/events/72413-opec-agreement-raises-hope-skepticism.md) | -1.1% | +2.0% |
| WTI | 2023-04-02 | [Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts \| CNN Business](https://feedsoft.ai/events/7953-oil-prices-brent-crude-wti-surge-after-opec-producers-announce-production-cuts.md) | +5.4% | -0.0% |
| WTI | 2016-12-01 | [After OPEC deal, oil expected to rally - for the moment](https://feedsoft.ai/events/9703-after-opec-deal-oil-expected-to-rally-for-the-moment.md) | +0.8% | +8.8% |
| WTI | 2026-10-01 | [OPEC+ keeps output policy unchanged for October](https://feedsoft.ai/events/17381-opec-keeps-output-policy-unchanged-for-october.md) | -2.3% | +8.7% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/06/22/wti-keeps-rising-and-hits-69-00-after-opec-agreement/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.