# Oil prices fall after OPEC+ agrees to raise August output targets

> OPEC+ agreed to raise its collective production target by 188,000 barrels per day from August, the fifth consecutive monthly increase since April. Oil prices fell after the announcement, while recovering shipments through the Strait of Hormuz also eased supply concerns, although exports remain about 40% below pre-conflict levels.

- Date: 2026-11-10 · published 2026-11-10T12:26:58.237Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/91827-oil-prices-fall-after-opec-agrees-to-raise-august-output-targets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher output targets and recovering exports could add crude supply and weigh on oil prices, lowering energy costs that feed into agricultural production and transport. The price effect depends on how fully members implement the increase and whether demand absorbs the additional barrels.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-04-28 | [Global oil prices slip after US demands OPEC to increase output](https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output.md) | -2.1% | -7.6% |
| WTI | 2021-07-19 | [Arab News \| OPEC+ members agree to raise output by 400,000 barrels a day from August](https://feedsoft.ai/events/45990-arab-news-opec-members-agree-to-raise-output-by-400-000-barrels-a-day-from.md) | +0.6% | -4.7% |
| WTI | 2025-09-07 | [Opec+ agrees another rise in oil output for October \| The National](https://feedsoft.ai/events/22772-opec-agrees-another-rise-in-oil-output-for-october-the-national.md) | +1.3% | -1.1% |
| WTI | 2022-01-04 | [OPEC+ agrees oil output increase from February \| Reuters](https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters.md) | +2.8% | +16.0% |
| WTI | 2021-07-18 | [OPEC+ Members Agree To Increase Oil Output By 400,000 BPD Every Month From August](https://feedsoft.ai/events/45991-opec-members-agree-to-increase-oil-output-by-400-000-bpd-every-month-from-august.md) | +0.6% | -4.7% |
| BRENT | 2019-04-28 | [Global oil prices slip after US demands OPEC to increase output](https://feedsoft.ai/events/8098-global-oil-prices-slip-after-us-demands-opec-to-increase-output.md) | -0.3% | -4.5% |
| BRENT | 2021-07-19 | [Arab News \| OPEC+ members agree to raise output by 400,000 barrels a day from August](https://feedsoft.ai/events/45990-arab-news-opec-members-agree-to-raise-output-by-400-000-barrels-a-day-from.md) | +0.6% | -4.4% |
| BRENT | 2025-09-07 | [Opec+ agrees another rise in oil output for October \| The National](https://feedsoft.ai/events/22772-opec-agrees-another-rise-in-oil-output-for-october-the-national.md) | +3.4% | +0.2% |

## Sources

- ilkha.com: https://ilkha.com/english/world/oil-prices-fall-after-opec+-agrees-to-raise-august-output-targets-545455

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