# OPEC oil output jumps to 2017 high as Nigeria, Libya pump more

> A Reuters survey found OPEC crude output rose by 280,000 barrels per day in June to a 2017 high. The increase came from recovering supply in exempt Nigeria and Libya, which offset strong compliance by other members.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70394-opec-oil-output-jumps-to-2017-high-as-nigeria-libya-pump-more
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher OPEC supply adds to global crude availability and is bearish for oil prices. Cheaper energy eases input costs across the feed chain over time.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-opec-oil/opec-oil-output-jumps-to-2017-high-as-nigeria-libya-pump-more-idUSKBN19L20X/

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