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OPEC+ countries agreed to leave their formal group-wide output quotas unchanged, with the market focusing on a possible increase from the eight members with voluntary cuts. Brent for July delivery closed at $64.90 per barrel after the meeting.
The formal policy keeps the group cutting about 2 million barrels per day through the end of 2026.
Unchanged formal quotas gave limited direct price support, but the expectation of an increase from the eight-member subset kept supply expectations rising. The outcome mainly shapes near-term crude sentiment, with limited direct impact on feed commodities.
cnbc.comRuxandra IordacheMay 28, 2025After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.
