A draft OPEC+ statement shows that seven OPEC+ countries have agreed to increase their June oil production target by approximately 188k barrels per day, marking the third consecutive month of increases. In a report last month, OPEC stated that the average daily crude oil production of all OPEC+ members in March was 35.06 million barrels, a decrease of 7.7 million barrels per day compared to February, with Iraq and Saudi Arabia experiencing the largest output reductions due to export restrictions. The draft statement says that the seven member countries will hold another meeting on June 7. This is undoubtedly a positive signal for the crypto market.

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