Loading…
Bloomberg reports that OPEC+ will raise oil production faster than expected in August as the Saudi-led group seeks to regain market share on strong summer demand. The group is on pace to unwind its latest layer of output cuts.
Accelerated OPEC+ supply growth is bearish for crude, which lowers diesel and energy costs that feed into grain and feed logistics.
bloomberg.comFiona MacDonaldAug 1, 2025After 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.
