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Sources say OPEC+ has not reached consensus on its April oil output policy, with the decision due by early March. The group is still cutting 5.85 million bpd, and sanctions on Venezuela, Iran and Russia complicate the outlook.
A delay or hesitation over the planned April supply increase keeps crude supply tighter for longer, which supports Brent and WTI prices and raises input costs for feed producers.
reuters.comAlex Lawler, Olesya Astakhova, Ahmad GhaddarFeb 27, 2025After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
