Why OPEC+ will likely hike next month’s oil-output quota — even as prices just posted their biggest weekly drop since June
1. OPEC+ may raise oil output quotas despite supply surplus concerns. 2. US crude prices fell 7.4% last week, indicating surplus fears. 3. Increased production could lead to weaker oil prices, affecting CLX25. 4. OPEC+ output significantly below announced targets, questioning production increases' effectiveness. 5. US shale production remains strong, even with current low prices.