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3:32 PM · 3 September 2025

📉OPEC+ production boost collapses oil prices

OIL
Commodities
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OIL.WTI
Commodities
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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.


 
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