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Crude Oil Rebounds as OPEC+ Decision Lifts Sentiment

Crude Oil Rebounds as OPEC+ Decision Lifts Sentiment

Posted September 8, 2025 at 10:15 am

Blue Line Futures

Crude Oil futures ended last week sharply lower, finishing -2.14 [-3.45%] as traders prepared for the worst heading into the OPEC+ meeting. Deciding on how to unwind the next tranche of 1.65 million bbls/day of voluntary cuts, there were fears the group may choose to bring the production online through accelerated hikes. Instead, the group opted to increase production by 136k bbls/day every month through next October.

The decision was pretty friendly, and price action this morning is reflective of that. We’re cautiously optimistic crude prices this week with a target of around 65.30*** as a profit taking point.

Technical Analysis:

Prices are rebounding this morning on OPEC+ realities, but serious chart repair is needed for the bulls to truly be back in the drivers seat.

We’re pretty friendly crude to the upside here to start the week with our profit-taking point listed above. Headlines risk remains pesky, and a two-sided trade remains likely. Despite that, with OPEC out of the way, some short covering seems probable.

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Originally Posted on September 8, 2025 – Crude Oil Rebounds as OPEC+ Decision Lifts Sentiment

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