# Market Analysis & Forecast - Investing.com

> An Investing.com commentary examines why OPEC members are moving to increase oil production after Saudi Arabia and Russia said OPEC and non-OPEC partners would consider higher output. Oil prices fell that week and continued lower, with UAE, Kuwait and Saudi officials planning discussions. The analysis attributes the shift to several motivations.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/64942-market-analysis-and-amp-forecast-investing-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of higher OPEC+ output keep downward pressure on crude, which lowers energy costs that feed into biofuel and feed-ingredient pricing. The commentary offers context rather than a new supply event.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-01 | [Energy Market Summary: April 3, 2022 \| news.cqg.com](https://feedsoft.ai/events/9137-energy-market-summary-april-3-2022-news-cqg-com.md) | -4.4% | +4.2% |
| WTI | 2021-02-24 | [OPEC+ Considers Production Increase At March Meeting \| OilPrice.com](https://feedsoft.ai/events/48553-opec-considers-production-increase-at-march-meeting-oilprice-com.md) | -3.2% | -6.3% |
| WTI | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | +2.2% | -8.1% |
| WTI | 2021-09-01 | [Opec+ stays the course to bring 400,000 bpd supply to the market in September \| The National](https://feedsoft.ai/events/44982-opec-stays-the-course-to-bring-400-000-bpd-supply-to-the-market-in-september.md) | +1.3% | +9.5% |
| WTI | 2021-11-24 | [Reserve oil being released into market that may have peaked - FreightWaves](https://feedsoft.ai/events/7076-reserve-oil-being-released-into-market-that-may-have-peaked-freightwaves.md) | -16.5% | -7.1% |
| BRENT | 2022-04-01 | [Energy Market Summary: April 3, 2022 \| news.cqg.com](https://feedsoft.ai/events/9137-energy-market-summary-april-3-2022-news-cqg-com.md) | -6.9% | +1.2% |
| BRENT | 2021-02-24 | [OPEC+ Considers Production Increase At March Meeting \| OilPrice.com](https://feedsoft.ai/events/48553-opec-considers-production-increase-at-march-meeting-oilprice-com.md) | -3.6% | -7.5% |
| BRENT | 2021-09-01 | [Opec+ stays the course to bring 400,000 bpd supply to the market in September \| The National](https://feedsoft.ai/events/44982-opec-stays-the-course-to-bring-400-000-bpd-supply-to-the-market-in-september.md) | -2.2% | +7.5% |

## Sources

- investing.com: https://www.investing.com/analysis/whats-really-motiviating-opec-members-to-support-increased-oil-production-200320351

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