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OPEC+ agreed to raise output by 188,000 barrels a day from September as part of a gradual unwinding of voluntary cuts first announced in April 2023. The seven participating countries said they will hold regular monthly meetings to monitor the market.
The modest supply increase is bearish for crude on paper, but the impact is limited while Gulf export flows are disrupted. Monthly meetings keep future supply decisions in focus for energy costs.
investing.comAug 2, 2026After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
