Crude Oil $150 Forecast Eases Ahead of Scheduled April OPEC+ Supply Hike
· flowframe Pulse
The market pulled back as traders anticipate a 206,000 barrel-per-day production increase from OPEC+ members beginning April 1. Sentiment was further cooled by the ongoing impact of the IEA’s 400-million-barrel emergency reserve release and tentative hopes for a diplomatic resolution to the Strait of Hormuz closure.
28¢ → 25¢ • Vol: $0.6M