OPEC+ Signals Next Move Is Undecided as Tumultuous Chapter Ends

OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger, as delegates emphasized privately that the next move could just as easily be a cut as a hike.

Saudi Arabia and its partners have stunned oil markets in recent months by pushing more barrels into a fragile global market in a push for market share, offering relief to consumers and a fillip for President Donald Trump. The increase they approved on Sunday completes the accelerated reversal of a giant supply cutback made in 2023.