OPEC+ is expected to agree on Sunday to raise output targets from August, increasing global supply as oil prices fall amid a gradual reopening of the Strait of Hormuz for exports. The combined effect points to continued downward pressure on crude, with potential for outsized moves in energy-linked equities and risk sentiment.
OPEC+ is expected to agree on Sunday to raise output targets from August, increasing global supply as oil prices fall amid a gradual reopening of the Strait of Hormuz for exports. The combined effect points to continued downward pressure on crude, with potential for outsized moves in energy-linked equities and risk sentiment.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
