OPEC+ crude output rose 363K in February, led by Kazakhstan

WTI crude oil rose 90-cents to $67.21 today and we get the weekly EIA inventory data later.

The latest monthly numbers are out from OPEC and they left 2025 and 2025 demand forecasts unchanged at 1.45m and 1.43m, respectively. Their 2025 economic growth number was also left unchanged but they noted that trade will be volatile but they expect the economy to adjust.

In February, OPEC+ output averaged 41.01 million barrels per day, up by 363K with Kazakhstan leading the way.

This article was written by Adam Button at www.forexlive.com.