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OPEC+ ministers kept their plan to begin unwinding 2.2 million bpd of cuts in April, with a monthly rise of about 138,000 bpd. The group has held back about 5.85 million bpd since 2022.
Keeping the phased supply increase on schedule was largely expected, so it adds little new price pressure on crude and the energy costs that feed the grain and oilseed chain.
reuters.comMaha Dahan, Ahmad Ghaddar, Olesya AstakhovaFeb 3, 2025After 175 past neutral policy events, BRENT moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.
After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.
