Reuters has reported that OPEC+, a cartel of oil-producing countries, is strongly considering a production hike commitment at its meeting over the weekend.
OIL.WTI (H4)
Source: Xstation
Donald Trump’s policy and lower prices have forced the cartel’s hand to attempt to reclaim recently lost market share.
Source: Bloomberg Finance LP, XTB
OPEC has already surprised traders multiple times this year with its shift in strategy toward being more production-oriented rather than controlling supply by all means.
Daily summary: Is JPY reversing a long-term trendâť“
Market Wrap: Far-right AfD wins in Germany, oil continues to rise (07.09.2026)
⬇️USDJPY drops 1% breaking 155
Morning Wrap: AI back in favour, Brent close to $100 (07.09.2026)