The alliance, including Russia and Saudi Arabia, agreed to a phased increase in production, which led to an increase in supply on the market.
OPEC+ production increase parameters
April 2025: Increase in production by 137,000 barrels per day
May-July 2025: Monthly increase of 411,000 barrels per day
August 2025: Increase by 548,000 barrels per day
September 2025: Increase by 547,000 barrels per day
October 2025: Planned increase by 137,000 barrels per day
OPEC+ plans to fully restore production cuts in 2023. Initially, a gradual increase in production was planned until September 2026, but due to favorable market conditions, the process was accelerated
US trade policy, which introduced customs duties on goods from many countries, also affects the price of oil
We expect a decline in the American grade of oil to $ 60
OPEC+ production increase parameters
April 2025: Increase in production by 137,000 barrels per day
May-July 2025: Monthly increase of 411,000 barrels per day
August 2025: Increase by 548,000 barrels per day
September 2025: Increase by 547,000 barrels per day
October 2025: Planned increase by 137,000 barrels per day
OPEC+ plans to fully restore production cuts in 2023. Initially, a gradual increase in production was planned until September 2026, but due to favorable market conditions, the process was accelerated
US trade policy, which introduced customs duties on goods from many countries, also affects the price of oil
We expect a decline in the American grade of oil to $ 60
Trade active
While the Middle East strikes have failed to reverse the decline in oil, the news has also come out that the US EIA EXPECTS BRENT CRUDE PRICES TO FALL SIGNIFICANTLY IN THE COMING MONTHS DUE TO STOCK RISEWe continue to wait for $60 in WTI
Trade closed: stop reached
#wti #usoil #ideaclosedWe close the idea in WTI at 64,78
Days in the deal 16⚡️
-2,9%
Note
Oil broke out of the triangle downwards, but failed to break above 61.7 and returned to the triangle area.Such triangle reversals are very dangerous.
Despite strong fundamentals, the momentum failed to materialize, and the situation became extremely precarious.
Signs also began to emerge that a significant rally was theoretically possible.
Due to a combination of factors, the decision was made to abandon this idea. It happens.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.