OPEC+ has agreed to increase oil production by 188,000 barrels per day in June, despite the UAE's recent withdrawal from the group. This decision follows a similar increase of 206,000 barrels per day last month, excluding the UAE's share. The move comes as OPEC+ continues its operations amid disruptions caused by the conflict involving the U.S., Israel, and Iran, which has significantly affected shipping through the Strait of Hormuz.The production increase is largely symbolic due to these disruptions, but market predictions indicate a strong expectation of rising oil prices. On the prediction market Polymarket, there is a 75% probability of WTI crude oil reaching $110 per barrel on a single day this month, with lower probabilities for $120 and $130, reflecting ongoing market volatility.