BREAKING: Oil decreased to daily lows as OPEC+ may consider massive output hikes

WTI crude oil is down nearly 2% following reports that OPEC+ plans to increase production by 500,000 barrels per day for each of the next three months. While prices had already been under pressure, earlier losses were largely pared back during the day; the latest reports, however, pushed the price back toward $62 per barrel. This planned ramp-up, when combined with the October increase, would fully unwind the cartel’s COVID-era production cuts by early 2026. Critically, the market must distinguish between raising the official production limit and the actual increase in output. Nevertheless, the consensus remains that the market should face a significant supply overhang, provided there are no major disruptions to Russian production and exports.

14 August 2026, 6:59 PM

Daily Summary: EUR/USD tries to reverse the trend; Wall Street marks its third consecutive week of gains 🚨

14 August 2026, 6:06 PM

⬇️Three Markets to Watch Next Week (August 14, 2026)

14 August 2026, 1:35 PM

BREAKING: USD dips after miss in US retail sales data 💥

14 August 2026, 1:00 PM

Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)

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