OPEC+ Completes Its Cut Rollback. Brent Holds at $90.
OPEC+ completed the phased rollback of its 2023 voluntary cuts on Sunday, agreeing to raise September production by 188,000 barrels per day. Brent settled Friday at $90.10. The price barely moved on the news, and that tells you more about current oil market dynamics than the headline quota number does. Key Takeaways OPEC+ agreed to a +188,000 bpd September hike, the sixth consecutive monthly increase, completing the full rollback of the 1.65 million bpd voluntary cuts from April 2023. A separate 2022-era cut layer of roughly 2 million bpd stays in place through end of 2026, keeping the group's total output well below pre-2022 baselines. Brent crude held near $90.10 at Friday's close, support…
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