OPEC+ Agrees to Raise Oil Output Quotas by 188,000 BPD in August

Hyperdash News07/05/2026 07:13 UTCCommodities

OPEC+ has reached an agreement in principle to increase oil output quotas by 188,000 barrels per day. The production hike will begin in August. Reuters reported the decision, citing a source familiar with the talks.

This supply increase could affect global crude oil prices. The agreement follows ongoing discussions among the oil-producing nations regarding market stability and demand. Hyperdash pricing shows

WTI Crude down -0.33% and

Brent Crude down -0.35% since the news was published.

Sources

First Squawk

Trade these markets 24/7 on Hyperdash

Disclaimer: The content provided on Hyperdash News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of information sourced from third-party reporting. Nothing on this page constitutes financial or investment advice. Do your own research and consult a qualified financial advisor before making any investment decisions.