# Oil steadies; OPEC+ sticks to gradual output hikes | Reuters

> OPEC+ agreed to continue its policy from July of phasing out record output cuts by adding 400,000 bpd a month. Oil prices steadied after the decision.

- Date: 2021-09-01 · published 2021-09-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44979-oil-steadies-opec-sticks-to-gradual-output-hikes-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The planned monthly increases keep supply growing, which is a bearish factor for crude. Crude prices feed into diesel and freight costs that affect feed ingredient economics.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-09-01 | [OPEC+ sticks to gradual oil output hikes, ups demand forecast](https://feedsoft.ai/events/44977-opec-sticks-to-gradual-oil-output-hikes-ups-demand-forecast.md) | +1.3% | +9.5% |
| WTI | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | +0.5% | +1.4% |
| WTI | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +4.0% | +6.6% |
| WTI | 2025-04-03 | [OPEC+ unexpectedly speeds up oil output hikes, oil drops \| Reuters](https://feedsoft.ai/events/7293-opec-unexpectedly-speeds-up-oil-output-hikes-oil-drops-reuters.md) | -13.1% | -16.5% |
| WTI | 2025-10-05 | [Oil rises after OPEC+ hikes output less than expected \| Reuters](https://feedsoft.ai/events/22303-oil-rises-after-opec-hikes-output-less-than-expected-reuters.md) | -3.1% | +0.2% |
| BRENT | 2021-09-01 | [OPEC+ sticks to gradual oil output hikes, ups demand forecast](https://feedsoft.ai/events/44977-opec-sticks-to-gradual-oil-output-hikes-ups-demand-forecast.md) | -2.2% | +7.5% |
| BRENT | 2024-09-26 | [OPEC+ set to go ahead with Dec oil output hike, sources say \| Reuters](https://feedsoft.ai/events/28237-opec-set-to-go-ahead-with-dec-oil-output-hike-sources-say-reuters.md) | -0.1% | +0.5% |
| BRENT | 2021-04-27 | [OPEC+ sticks to plan to ease oil output cuts from May 1 \| Reuters](https://feedsoft.ai/events/47504-opec-sticks-to-plan-to-ease-oil-output-cuts-from-may-1-reuters.md) | +3.2% | +4.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-steady-ahead-opec-supply-decision-2021-09-01/

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