Will OPEC+ Production Hikes Drive Crude Lower? | Presented by CME Group

Crude forecasts project further softening for crude oil. WTI crude oil prices have fallen from above $80 per barrel in early 2025 to the $6070 range adid OPEC plus production hikes, rising nonopc supply and softening global demand. This decline reflects broader market dynamics, including economic uncertainties and inventory builds with forecast suggesting further pressure into Q4 2025 and 2026.OPEC Plus began gradually unwinding voluntary production cuts in April 2025 with plans to add over 2.2% million bar ...