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OPEC+ and the latest wave of oil supply shock will intensify the pressure on global producers' prices later this year, while responding to US President Trump's call to lower fuel costs. OPEC and its allies have reason to believe that at least in the short term, the surge in oil production can still find buyers, and OPEC leader Saudi Arabia's decision to raise oil prices after the decision also implies this confidence. But even before OPEC unexpectedly accelerated production last Saturday, the global oil market seemed not far from oversupply in the winter. UBS analyst Giovanni Staunovo said, "The current oil market is still tight, indicating that the market can accommodate more oil." "But rising risks such as continued trade tensions mean that the market may not be as tight in the next 6-12 months, which will bring downside risks to prices."