OPEC+ discussing gradual output increase starting in February On December 3, 2020 By Anirudh Sethi In Analysis, Crude That’s not what the oil bulls were hoping for A production increase of 500,000 bpd would start in Feb, according to the Reuters report, and continue through May. The oil market hasn’t moved on it though with WTI at $45.25. Share this:Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on WhatsApp (Opens in new window)