# OPEC+ Sticks to Planned Supply Hike But Adds a Get-Out Clause - TT

> OPEC and its allies will proceed with their next oil-production hike of 400,000 barrels a day for January, but said they could revisit the decision at any moment. Oil fell as much as 4.8% to $62.43 a barrel in New York on the announcement before recovering most of those losses. Traders recognized that a get-out clause was built into the agreement.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43504-opec-sticks-to-planned-supply-hike-but-adds-a-get-out-clause-tt
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The intraday swing shows that the market reads the get-out clause as a limit on downside, while the planned supply addition is still bearish. Crude direction matters for energy costs that feed into feed ingredient prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-08-01 | [OPEC+ sticks to oil policy, repeats could pause Oct hike](https://feedsoft.ai/events/28690-opec-sticks-to-oil-policy-repeats-could-pause-oct-hike.md) | -3.4% | -4.7% |
| 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% |
| WTI | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -6.3% | -11.5% |
| 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 | 2026-01-26 | [OPEC+ Likely to Stick With Supply Pause in March, Delegates Say - Bloomberg](https://feedsoft.ai/events/20970-opec-likely-to-stick-with-supply-pause-in-march-delegates-say-bloomberg.md) | +6.4% | +9.1% |
| BRENT | 2024-08-01 | [OPEC+ sticks to oil policy, repeats could pause Oct hike](https://feedsoft.ai/events/28690-opec-sticks-to-oil-policy-repeats-could-pause-oct-hike.md) | -3.4% | -2.1% |
| 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 | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -11.8% | -8.8% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/opec-sticks-planned-supply-hike-adds-get-out-clause

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