# OPEC+ faces mixed market signals after US pressure to increase oil supplies | S&P Global

> OPEC and allies convene September 1 amid US pressure to add crude supply and concerns over COVID-19 variants. Dated Brent was $70.94 a barrel on August 26 after sinking to a four-month low on August 19, and some delegates floated pausing planned increases.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45474-opec-faces-mixed-market-signals-after-us-pressure-to-increase-oil-supplies-s
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Mixed signals between US pressure for more supply and demand worries leave crude direction uncertain, with energy price swings feeding into freight, drying and fertilizer costs for feed producers.

## Read by commodity

- DXY: neutral
- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-01-04 | [OPEC+ Agrees to Revive More Oil Supplies as Market Looks Tighter](https://feedsoft.ai/events/43060-opec-agrees-to-revive-more-oil-supplies-as-market-looks-tighter.md) | +3.3% | +16.7% |
| BRENT | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -2.9% | -3.4% |
| BRENT | 2021-06-30 | [Oil prices could skyrocket if OPEC+ fails in pledge to deliver more supply](https://feedsoft.ai/events/46780-oil-prices-could-skyrocket-if-opec-fails-in-pledge-to-deliver-more-supply.md) | +0.1% | -0.5% |
| BRENT | 2021-01-03 | [OPEC ready to adjust oil output increases: Barkindo - Markets - Business Recorder](https://feedsoft.ai/events/49056-opec-ready-to-adjust-oil-output-increases-barkindo-markets-business-recorder.md) | +8.2% | +7.9% |
| BRENT | 2024-07-19 | [OPEC+ not expected to change supply levels after market and price stabilisation - Offshore Technology](https://feedsoft.ai/events/29163-opec-not-expected-to-change-supply-levels-after-market-and-price-stabilisation.md) | -3.7% | -4.2% |
| WTI | 2022-01-04 | [OPEC+ Agrees to Revive More Oil Supplies as Market Looks Tighter](https://feedsoft.ai/events/43060-opec-agrees-to-revive-more-oil-supplies-as-market-looks-tighter.md) | +2.8% | +16.0% |
| WTI | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -3.8% | -7.6% |
| WTI | 2021-06-30 | [Oil prices could skyrocket if OPEC+ fails in pledge to deliver more supply](https://feedsoft.ai/events/46780-oil-prices-could-skyrocket-if-opec-fails-in-pledge-to-deliver-more-supply.md) | -1.2% | -1.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/082721-opec-faces-mixed-market-signals-after-us-pressure-to-increase-oil-supplies

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