OPEC+ is meeting July 6 and I would have assumed the baseline in the market was for another large 411K output hike but oil dipped after Bloomberg reporting that OPEC is set to weigh another 'super-sized' oil output increase.For me, this isn't a surprise at all and it would be something of a shock if they don't add 411K bpd. I'd assume the same next month while it's the meeting after that where it could change, depending on oil prices/inventories.Update: Now Reuters reports that OPEC+ is likely to make another output hike of 411K bpd, citing four delegates. What's interesting in that report is that it suggests OPEC is looking to regain market share not 'balance the market' though that's not clear if those are the words of the delegates or the reporter.I'm somewhat shocked that oil fell $1 on these reports but at least the second one is definitive on what will happen. This article was written by Adam Button at www.forexlive.com.