# Oil prices fall 2% to 12-week low with OPEC+ set to increase output

> Oil prices fell about 2% to a 12-week low after OPEC+ decided to proceed with a planned April output increase. The group has been cutting output by about 5.85 million bpd since 2022.

- Date: 2025-03-03 · published 2025-03-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25489-oil-prices-fall-2-to-12-week-low-with-opec-set-to-increase-output
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The price drop reflects the market absorbing a supply increase, which lowers energy costs for feed processing and transport. Further declines would also pressure biofuel margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-recovers-upbeat-chinese-manufacturing-data-increases-some-optimism-2025-03-03/

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