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OPEC+ adopted a plan to set 2027 production baselines, and the eight members in the process of gradually raising output were due to meet ahead of talks on July output hikes. The delegates said the group would follow the pattern of the May and June increases.
The sources spoke on condition of anonymity.
The baseline plan is a longer-term framework, while the near-term signal is that output will continue rising at a steady pace. This keeps the expected supply increase in the market and limits upside for crude prices.
reuters.comOlesya AstakhovaMay 28, 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.
