# Oil Falls With OPEC+ Meeting Hovering Over Tightening Market - Bloomberg

> Oil futures in New York fell for a second straight session on Monday to their lowest in over a week. The decline came ahead of a key OPEC+ meeting that could return more supply to a market that has been tightening quickly.

- Date: 2021-02-28 · published 2021-02-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48831-oil-falls-with-opec-meeting-hovering-over-tightening-market-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of extra OPEC+ output weigh on crude prices, which feed through to diesel and fuel costs for feed mills and transport. Traders are pricing in the risk of supply returning despite tighter fundamentals.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-02-28/oil-resumes-climb-as-traders-look-ahead-to-pivotal-opec-meeting

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