Loading…
OPEC+ ministers decided on June 7 to raise oil quotas by 188,000 bpd for July, matching the June increase. Analysts said the move is unlikely to ease prices lifted by the Middle East war.
The group reaffirmed it could increase, pause or reverse the phase-out of voluntary cuts.
Because physical barrels remain constrained, the quota hike is unlikely to lower fuel or fertilizer input costs. Feed buyers should expect energy costs to stay elevated while supply risks persist.
malaymail.comJun 8, 2026After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.
After 175 past neutral policy events, BRENT moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% 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.
