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OPEC+ ministers reaffirmed their commitment to the production adjustments agreed in December, resisting US pressure to raise output sooner. The group's cuts extend to the end of 2026.
A firm stance on the existing supply plan limits the chance of extra barrels near term, which keeps crude prices supported and energy costs elevated for feed producers.
oilprice.comJulianne GeigerFeb 27, 2025After 175 past neutral policy events, Crude Oil (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, Crude Oil (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.
