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OPEC expects slower 2025 supply growth from non-OPEC rivals after the price drop. Brent traded just below $66 a barrel, after settling near $60 on May 5, its lowest since 2021.
A slower rival supply outlook gives some support to crude prices, which can help limit declines in biofuel-linked vegetable oil and corn values.
reuters.comAlex LawlerMay 14, 2025After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
