# OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike - Bloomberg

> OPEC+ agreed to raise oil production gradually in the coming months, signalling growing confidence in the global economic recovery. Analysts had widely expected the cartel to keep its cautious stance and roll over existing supply limits.

- Date: 2021-04-01 · published 2021-04-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47505-opec-shows-confidence-in-economic-recovery-with-oil-supply-hike-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Planned supply increases put downward pressure on crude oil prices, which affect energy and transport costs across the feed chain. The move is a supply-side policy decision rather than a demand shock.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-06-23 | [OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg](https://feedsoft.ai/events/64447-opec-agrees-to-oil-supply-boost-in-victory-for-saudis-russia-bloomberg.md) | +7.6% | -1.4% |
| WTI | 2026-03-01 | [OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg](https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg.md) | +35.6% | +50.4% |
| WTI | 2025-08-01 | [OPEC+ Will Boost Supply Even Faster With Larger August Hike](https://feedsoft.ai/events/23673-opec-will-boost-supply-even-faster-with-larger-august-hike.md) | -7.8% | -7.4% |
| WTI | 2025-02-17 | [OPEC+ is not considering delay to April oil supply hike, Novak says](https://feedsoft.ai/events/25943-opec-is-not-considering-delay-to-april-oil-supply-hike-novak-says.md) | -0.0% | -4.5% |
| WTI | 2021-09-01 | [OPEC+ Ministers Recommend Sticking With Planned Output Increases - Bloomberg](https://feedsoft.ai/events/44978-opec-ministers-recommend-sticking-with-planned-output-increases-bloomberg.md) | +1.3% | +9.5% |
| BRENT | 2018-06-23 | [OPEC+ Agrees to Oil-Supply Boost in Victory for Saudis, Russia - Bloomberg](https://feedsoft.ai/events/64447-opec-agrees-to-oil-supply-boost-in-victory-for-saudis-russia-bloomberg.md) | +5.1% | -2.8% |
| BRENT | 2026-03-01 | [OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg](https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg.md) | +31.0% | +62.6% |
| BRENT | 2025-08-01 | [OPEC+ Will Boost Supply Even Faster With Larger August Hike](https://feedsoft.ai/events/23673-opec-will-boost-supply-even-faster-with-larger-august-hike.md) | -8.6% | -6.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-01/opec-agrees-to-gradually-increase-oil-output-in-coming-months

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