BREAKING: Oil prices plummet amid rumors of further OPEC production increases 🚨

Some OPEC+ countries believe that oil production increases can resume in April, as they consider fears of oversupply on the market to be exaggerated. The coalition led by Saudi Arabia and Russia has not yet made a decision, and formal talks ahead of the March 1 meeting have not yet begun. The final direction may depend on whether US President Donald Trump decides to take military action against Iran or whether a nuclear agreement is reached with that country, according to Bloomberg.

This information comes as quite a surprise, as until recently it was widely believed that OPEC would only maintain production in the near future.

WTI crude oil is falling sharply a few minutes after the publication of the OPEC information. Source: xStation

12 May 2026, 6:31 PM

Daily Summary: Wall Street Under Pressure After Highest Inflation Reading Since 2023

12 May 2026, 5:45 PM

BREAKING: Senate gives green light to Warsh. Markets cautious amid concerns

12 May 2026, 1:30 PM

BREAKING: U.S. CPI shows persistent inflation pressure! Dollar Strengthens After Data Release!

12 May 2026, 12:02 PM

📉 EURUSD down 0.3% ahead of April’s inflation

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