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: Nervous anticipation, SaaS sell-off and weak macro data
“SaaS-pocalypse” continued
Three Markets to Watch in the Week Ahead (10.04.2026)
US OPEN: The market calms down ahead of earnings season