# Oil rally makes further easing of oil supply curbs more likely after April – Reuters — Octa

> Reuters sources said OPEC+ may ease its oil output cuts after April, with the market possibly absorbing a 500,000 barrel per day increase depending on demand and Saudi Arabia's voluntary cuts. WTI slipped back below $60 after the report.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48838-oil-rally-makes-further-easing-of-oil-supply-curbs-more-likely-after-april
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of returning OPEC+ supply cap crude gains, which limits the rise in energy costs for feed producers. The prospect of looser supply makes the current rally less durable.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-06-22 | [OPEC+ discusses further easing of oil cuts from August -sources \| Reuters](https://feedsoft.ai/events/46494-opec-discusses-further-easing-of-oil-cuts-from-august-sources-reuters.md) | -0.9% | -8.5% |
| WTI | 2025-09-07 | [OPEC+ agrees further oil output boost from October to regain market share \| Reuters](https://feedsoft.ai/events/22768-opec-agrees-further-oil-output-boost-from-october-to-regain-market-share-reuters.md) | +1.3% | -1.1% |
| WTI | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.7% |
| WTI | 2025-04-03 | [Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost \| Reuters](https://feedsoft.ai/events/6316-oil-dives-more-than-6-steepest-fall-in-3-years-on-tariffs-opec-supply-boost.md) | -13.1% | -16.5% |
| WTI | 2025-05-04 | [EXCLUSIVE: OPEC+ to further speed up oil output hikes, sources say \| Reuters](https://feedsoft.ai/events/24604-exclusive-opec-to-further-speed-up-oil-output-hikes-sources-say-reuters.md) | +4.6% | +6.4% |
| BRENT | 2021-06-22 | [OPEC+ discusses further easing of oil cuts from August -sources \| Reuters](https://feedsoft.ai/events/46494-opec-discusses-further-easing-of-oil-cuts-from-august-sources-reuters.md) | +0.0% | -7.7% |
| BRENT | 2025-09-07 | [OPEC+ agrees further oil output boost from October to regain market share \| Reuters](https://feedsoft.ai/events/22768-opec-agrees-further-oil-output-boost-from-october-to-regain-market-share-reuters.md) | +3.4% | +0.2% |
| BRENT | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/882847/

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