OPEC+ is boosting output in April. Here's what that could mean for oil prices.

After 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.

• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+16.0%
• Jul 7, 2025OPEC+ is pumping more oil, but is it needed and at what price?+2.2%
• Sep 7, 2025OPEC+ agrees further oil output boost from October to regain market share | Reuters+3.4%
• Aug 2, 2026OPEC, Allies Increase Oil Output for Sixth Time in a Row - WSJ-8.5%
• Nov 6, 2019Oil markets fall as it is reported that OPEC+ members are not looking for another production cut — Octa-1.1%

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.

• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+13.5%
• Jul 7, 2025OPEC+ is pumping more oil, but is it needed and at what price?+2.4%
• Sep 7, 2025OPEC+ agrees further oil output boost from October to regain market share | Reuters+1.3%
• Aug 2, 2026OPEC, Allies Increase Oil Output for Sixth Time in a Row - WSJ-7.5%
• Nov 6, 2019Oil markets fall as it is reported that OPEC+ members are not looking for another production cut — Octa-0.7%