3:12 PM · 1 April 2021

OPEC + may return to monthly increases in production

OPEC + members are debating today about the level of oil production next month. Let us recall that in April, Saudi Arabia extended its voluntary production cut at 1 million barrels per day. Now the market is wondering if Saudi Arabia will take the same step in May. More importantly, however, the cartel is reportedly to be considering a return to monthly production spikes. According to recent news, OPEC+ is taking into consideration a gradual increase of 350K bpd in May, 350K bpd in June and 400K bpd in July. Such a system was supposed to apply in the first quarter of this year, but due to weak demand in the previous months, production was increased minimally, mainly by non-OPEC countries. 

WTI oil touched the lows of the day at $ 58.91, however buyers managed to regain control and price is approaching local resistance at $ 60.00. Source: xStation5
11 November 2026, 7:24 PM

📊Daily Summary: Tech sector drives Wall Street rebound, DAX leads in Europe

11 November 2026, 9:53 AM

Chart of the day 🚩 Cocoa sell-off continues. Record ICE inventories and index rebalancing in focus (11.11.2026)

10 November 2026, 6:47 PM

Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

10 November 2026, 5:12 PM

Sharp retreat from gold. Higher US CPI opens the door to a 50 bps rate hike in the US

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits