BREAKING: OIL gains as OPEC+ seems to agree on output cuts

Oil caught a bid shortly before noon today, following media reports that OPEC+ may have agreed on output levels. It was reported that there is a preliminary deal for an additional 1 million barrel of output cuts and that almost all member states appear to be aligned that a deeper cut is necessary. This was reported by media citing OPEC+ delegates as sources. The official OPEC+ meeting is scheduled to take place later today. Oil jumped around 1% following those news, with Brent (OIL) now trading 2% higher on the day.

OIL jumps above $84 mark after media reports hint that OPEC+ reach agreement on output levels. Source: xStation5

8 May 2026, 6:39 PM

Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf

8 May 2026, 4:55 PM

🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)

8 May 2026, 9:33 AM

Chart of the day: SILVER doesn't give up 📈 Capital flows back to the market 🔍

8 May 2026, 7:02 AM

Morning wrap: Indices climb despite shots fired in the Strait of Hormuz 📈 💥

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