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Oil fell as expectations grew that OPEC+ would raise output at its meeting later that week. Brent closed at $64.09 and WTI at $60.89, with the group expected to add 411,000 barrels per day for July.
Expected OPEC+ supply increases push crude lower, easing diesel and fuel costs for grain logistics and feed production.
cnbc.comReutersJun 1, 2025After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
