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

16 October 2026, 6:55 PM

Daily Summary: Friday offers no relief; the US100 drops 2%🚨

16 October 2026, 5:21 PM

Three Markets to Watch Next Week (October 16, 2026)

16 October 2026, 12:42 PM

Market wrap: European indices rebound 🔼 Defence stocks on the rise

16 October 2026, 10:23 AM

🔼 EURUSD continues to rebound

Commodities

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