According to Reuters sources, the OPEC+ cartel is set to gradually phase out production cuts starting after the first quarter of next year, continuing through 2026. WTI crude reacted with a sharp decline to this announcement. It is worth noting that this decision had been anticipated by the market, which could explain the bearish reaction as a case of "selling the news already priced in by the market in the past." Both Brent Crude and WTI oil reacted with slightly declines after the reports.
Source: xStation5
Morning Wrap: Global sell-off in the technology sector (13.02.2026)
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
