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OPEC+ members making the group's latest layer of output cuts agreed at a virtual meeting to proceed with an April increase of 138,000 barrels per day. The step is the first in a planned series of monthly hikes to unwind cuts.
Adding supply to an already soft market is bearish for crude, which feeds into diesel and freight costs for feed logistics. The increase is small, so the price effect is modest.
reuters.comAhmad Ghaddar, Olesya Astakhova, Alex LawlerMar 3, 2025After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), 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.
