Phyrex
Phyrex|5月 02, 2026 17:32
OPEC+ Seven countries have agreed in principle to increase production quotas by about 188,000 barrels per day in June. Currently, the combined quota for these seven OPEC+ countries in May is approximately 30.258 million barrels per day. If the June production increase is implemented, the theoretical quota will rise to about 30.446 million barrels per day. For WTI, although the daily increase of 188,000 barrels isn't significant, it does impact market expectations. Right now, the biggest support for WTI remains the war premium brought by the Hormuz Strait and the Iran situation. If Iran negotiations continue to progress, Hormuz passage gradually recovers, and OPEC+ production increases are implemented, it will become more challenging for WTI to stay above $100. It's very likely that WTI prices will fall below $100 as early as Monday. Continue holding short positions on WTI at high levels.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads