Apr 1, 2021 17:36 GMTFXStreet News Crude oil markets have been choppy in recent hours and have fallen back towards weekly lows. Sources indicate that OPEC+ will be gradually increasing output from May. But the softer USD and strength in stocks may keep WTI supported above $59.00. Crude oil markets have seen rollercoaster price action over the last few hours, with market participants watching events at the OPEC+ meeting intently. Right now, it looks as though the cartel will be bringing crude oil back online from May and crude oil markets seem not to like this outcome. As a result, front-month futures contracts for West Texas Intermediary (WTI) crude oil have fallen back to the low $59.00s and are probing weekly lows. A break below the $59.00 level would open the door to an extension of losses towards March lows in the mid-$57.00s.