# Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike | Reuters

> OPEC+ agreed to stick to its planned increase of 400,000 barrels per day in February, and Reuters reported oil ending near $80 a barrel. The decision reflected easing concern over a large first-quarter surplus and a wish to give the market consistent guidance.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43062-oil-ends-up-at-80-bbl-as-opec-sticks-with-feb-output-hike-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The planned supply increase is bearish for crude, but the reported price near $80 shows the market absorbing it. Energy cost pressure for feed production stays steady.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-10-07 | [Oil settles flat amid OPEC+ output hike, supply glut fears \| Reuters](https://feedsoft.ai/events/22308-oil-settles-flat-amid-opec-output-hike-supply-glut-fears-reuters.md) | -3.8% | -1.4% |
| BRENT | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.1% | +2.4% |
| BRENT | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.5% | +8.0% |
| BRENT | 2021-12-02 | [Oil ends higher after a day of wild swings on OPEC, Omicron \| Reuters](https://feedsoft.ai/events/43501-oil-ends-higher-after-a-day-of-wild-swings-on-opec-omicron-reuters.md) | +9.7% | +14.1% |
| BRENT | 2022-08-03 | [OPEC+ answers Biden’s diplomacy with tiny oil-output hike \| OPEC News \| Al Jazeera](https://feedsoft.ai/events/39950-opec-answers-biden-s-diplomacy-with-tiny-oil-output-hike-opec-news-al-jazeera.md) | -3.4% | -4.0% |
| WTI | 2025-10-07 | [Oil settles flat amid OPEC+ output hike, supply glut fears \| Reuters](https://feedsoft.ai/events/22308-oil-settles-flat-amid-opec-output-hike-supply-glut-fears-reuters.md) | -4.1% | -1.1% |
| WTI | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.6% | +1.1% |
| WTI | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.1% | +8.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-steady-ahead-opec-output-policy-meeting-2022-01-04/

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