# Oil ends at four-year lows as OPEC+ accelerates output hikes

> Oil settled at its lowest since February 2021 after OPEC+ agreed to speed up output hikes by 411,000 bpd for June. Brent settled at $60.23 and WTI at $57.13.

- Date: 2025-06-01 · published 2025-06-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/24839-oil-ends-at-four-year-lows-as-opec-accelerates-output-hikes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Accelerated OPEC+ supply pushed crude to multi-year lows, lowering energy and freight input costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-05-05 | [Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24851-barclays-cuts-2025-2026-brent-crude-forecast-as-opec-accelerates-output-hikes.md) | +4.6% | +6.4% |
| WTI | 2025-10-01 | [Oil settles lower as investors brace for possible OPEC+ output hike](https://feedsoft.ai/events/23036-oil-settles-lower-as-investors-brace-for-possible-opec-output-hike.md) | -1.0% | -3.5% |
| WTI | 2020-02-26 | [Oil extends losses as coronavirus outbreak accelerates outside China \| S&P Global](https://feedsoft.ai/events/7114-oil-extends-losses-as-coronavirus-outbreak-accelerates-outside-china-s-and-p.md) | -5.2% | -55.9% |
| WTI | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -10.2% | -12.0% |
| WTI | 2025-09-29 | [Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike](https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike.md) | -7.3% | -6.4% |
| BRENT | 2025-05-05 | [Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24851-barclays-cuts-2025-2026-brent-crude-forecast-as-opec-accelerates-output-hikes.md) | +4.3% | +6.8% |
| BRENT | 2025-10-01 | [Oil settles lower as investors brace for possible OPEC+ output hike](https://feedsoft.ai/events/23036-oil-settles-lower-as-investors-brace-for-possible-opec-output-hike.md) | -2.2% | -5.2% |
| BRENT | 2020-02-26 | [Oil extends losses as coronavirus outbreak accelerates outside China \| S&P Global](https://feedsoft.ai/events/7114-oil-extends-losses-as-coronavirus-outbreak-accelerates-outside-china-s-and-p.md) | -5.6% | -53.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-falls-more-than-2bbl-opec-set-accelerate-output-hikes-2025-05-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.