
Sources say OPEC+ is likely to consider raising oil output by 137,000 barrels per day for April. The increase would be a small step in the group's gradual return of paused supply.
A small planned supply increase is mildly bearish for crude, which would ease energy and fuel costs that feed into feed and freight pricing.
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.
After 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.
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.