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OPEC+ announced a 411,000-barrel-per-day production increase for June, following hikes in April and May. Brent and WTI futures fell more than 3% in early trading, with WTI near $56 a barrel, below the break-even price for many US drillers.
Additional OPEC+ supply and prices below US break-even levels may reduce drilling and oil-linked input costs, while lower crude weakens biofuel demand for soyoil.
instituteforenergyresearch.orgThe Institute for Energy ResearchJun 1, 2025After 210 past bearish policy events, 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, 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.
