Core Viewpoint - OPEC+ has decided to increase oil production limits, leading to a decline in international oil prices due to market concerns about trade tensions and economic growth [2][3]. Group 1: OPEC+ Production Decisions - OPEC+ members agreed to raise the daily oil supply limit by 410,000 barrels starting in early June, marking a continuation of supply recovery efforts for two consecutive months [2]. - The decision was influenced by healthy market fundamentals and low oil inventories [2]. Group 2: Market Reactions and Predictions - On June 5, the price of light crude oil futures for June delivery fell by $1.16 to $57.13 per barrel, a decrease of 1.99%, while Brent crude for July delivery dropped by $1.06 to $60.23 per barrel, down 1.73% [2]. - UBS analyst Giovanni Staunovo indicated that the accelerated exit from voluntary production cuts by OPEC+ would contribute to the decline in oil prices amid trade tensions and economic growth concerns [2]. - Goldman Sachs revised its forecast for the average price of New York crude oil futures for the year from $59 to $56 per barrel, citing high remaining capacity and recession risks [3].
欧佩克+6月继续增产 国际油价5日应声收跌近2%
Xin Hua Cai Jing·2025-05-06 00:24