I’ve analyzed the recent OPEC+ decision and its market impact. Let me break down what’s happening in the oil markets in simple terms, while keeping all the essential details. Oil Markets Rattled as OPEC+ Speeds Up Production Increases OPEC+ has approved a second consecutive monthly output increase of 411,000 barrels per day (bpd) for June, bringing total production hikes to 960,000 bpd across April–June. This represents unwinding about 44% of cuts implemented since 2022. The markets reacted with WTI crude falling about 2.7% to $56.74/bbl and Brent dropping around 2.4% to $59.84/bbl, marking the sharpest April price decline since 2021. … Continue reading OPEC+ Boosts June Output by 411,000 BPD, Pushing Oil Below $60 as Banks Cut Price Forecasts by $10