# Oil prices drop on OPEC’s output deal, but markets to stay tight

> Oil fell on Monday June 25 as traders priced in the expected 1 million bpd OPEC output increase agreed the prior week. Analysts said markets would remain relatively tight this year, with Brent at $74.25 and WTI at $68.42.

- Date: 2018-07-01 · published 2018-07-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64689-oil-prices-drop-on-opec-s-output-deal-but-markets-to-stay-tight
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The expected output increase pressures crude lower, though analysts see limited spare capacity, so the price impact is partial and bearish for energy-linked costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- fijitimes.com.fj: https://www.fijitimes.com.fj/oil-prices-drop-on-opecs-output-deal-but-markets-to-stay-tight/

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