OPEC+ crude production hit 42.83 million barrels per day in December, marking a 238,000 BPD decline compared to November's output. The pullback reflects production adjustments within the cartel as members navigate price dynamics and demand forecasts.
Why this matters: Energy costs directly influence inflation metrics, which shapes monetary policy expectations—a key factor rippling through risk assets including crypto. When oil softens, it typically eases inflation concerns, potentially supporting risk appetite. Conversely, supply tightening could reignite energy inflation fears. OPEC+ moves remain a macro barometer worth watching. The production trend will influence global inflation data releases ahead, which continue to anchor expectations for central bank pivot timing.
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OPEC+ crude production hit 42.83 million barrels per day in December, marking a 238,000 BPD decline compared to November's output. The pullback reflects production adjustments within the cartel as members navigate price dynamics and demand forecasts.
Why this matters: Energy costs directly influence inflation metrics, which shapes monetary policy expectations—a key factor rippling through risk assets including crypto. When oil softens, it typically eases inflation concerns, potentially supporting risk appetite. Conversely, supply tightening could reignite energy inflation fears. OPEC+ moves remain a macro barometer worth watching. The production trend will influence global inflation data releases ahead, which continue to anchor expectations for central bank pivot timing.