# Global oil prices slip after US demands OPEC to increase output

> Oil prices dropped further after the US asked OPEC to raise output and Trump said he had discussed increasing oil flow with Saudi Arabia and others. Brent fell 56 cents to $71.59 and WTI fell 37 cents to $62.93.

- Date: 2019-04-28 · published 2019-04-28T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Signals of higher OPEC output to offset Iran sanctions point to a looser crude balance and lower energy costs, though the sanctions-driven supply loss remains a risk.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.0% | -3.4% |
| WTI | 2022-03-09 | [Oil prices tumble after UAE says it wants OPEC to increase production \| CNN Business](https://feedsoft.ai/events/5821-oil-prices-tumble-after-uae-says-it-wants-opec-to-increase-production-cnn.md) | -22.0% | -17.5% |
| WTI | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +10.6% | +17.4% |
| WTI | 2025-01-27 | [Key OPEC ministers meet in Riyadh as Trump demands output boost \| S&P Global](https://feedsoft.ai/events/26423-key-opec-ministers-meet-in-riyadh-as-trump-demands-output-boost-s-and-p-global.md) | -2.8% | -5.2% |
| WTI | 2021-09-01 | [OPEC+ sticks to gradual oil output hikes, ups demand forecast](https://feedsoft.ai/events/44977-opec-sticks-to-gradual-oil-output-hikes-ups-demand-forecast.md) | +1.3% | +9.5% |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| BRENT | 2022-03-09 | [Oil prices tumble after UAE says it wants OPEC to increase production \| CNN Business](https://feedsoft.ai/events/5821-oil-prices-tumble-after-uae-says-it-wants-opec-to-increase-production-cnn.md) | -21.5% | -18.3% |
| BRENT | 2021-12-02 | [OPEC to proceed with plans to increase January oil output](https://feedsoft.ai/events/43503-opec-to-proceed-with-plans-to-increase-january-oil-output.md) | +9.7% | +14.1% |

## Sources

- offshore-technology.com: https://www.offshore-technology.com/news/global-oil-prices-opec/

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