OPEC+ considering boosting output by 500K bpd when they meet next week – WSJ

The Organization of the Petroleum Exporting Countries (OPEC) and its allies are considering boosting the group's collective output by some 500,000 barrels per day when they meet next week, the Wall Street Journal reported on Wednesday, per Reuters.

Market reaction

This headline doesn't seem to be having a significant impact on crude oil prices. As of writing, the barrel of West Texas Intermediate (WTI) was up 0.65% on a daily basis at $73.53 and the barrel of Brent was rising 1% at $75.48.