OPEC+ is expected to keep its oil production policy unchanged for March when it convenes on February 1, according to delegates cited by Bloomberg, despite forecasts of a potential oversupply and ongoing geopolitical risks involving key producers Iran and Venezuela. The alliance is likely to reaffirm its first-quarter pause in planned supply increases, a stance that has underpinned recent gains in Oil – Brent Crude and Oil – US Crude, while traders also monitor demand trends and broader risk sentiment across the energy complex, including Natural Gas.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Over the past month, Oil – US Crude has advanced about 7.73%, and Oil – Brent Crude is up roughly 8.32%, reflecting expectations that OPEC+ supply discipline will help balance the market even as concerns about excess barrels persist; both benchmarks currently flash a 1-day technical signal of Buy and Buy, respectively, suggesting short-term momentum remains constructive. Natural Gas has rallied more sharply, gaining around 27.41% over the last month amid weather-driven demand and supply volatility, with its 1-day technical stance also at Buy; together, these moves indicate that investors are positioning for tighter perceived conditions across parts of the energy market despite official projections of near-term oversupply. Investors can explore more updates, prices, and analysis across global markets at Commodities.