Monica Ricks

There could be marked fallout come Monday, especially when it comes to oil.

Bloomberg's Mike McGlone.

That's Bloomberg's Mike McGlone on Bloomberg This Weekend.

This morning, OPEC Plus agreed to resume oil production increases next month.

Members will add 206,000 barrels a day, up from just 137,000 barrels a day in the fourth quarter.

The group's spare production capacity is largely confined to Saudi Arabia and the UAE, though.

which together holds about 3% of world supplies.

The unrest in the Middle East is also causing widespread flight disruptions now.

We get those details from Bloomberg's Dan Schwartzman.

The U.S.

Crypto traders are keeping a close eye on Bitcoin this morning.

The token rose as much as 2.2 percent to just over $68,000 after Iran confirmed the death of its supreme leader yesterday.

It's now trading at about $66,000 this morning.

And six accounts on PolyMarket made around a million dollars in profit by betting on the U.S.

to strike Iran by February 28th.

That's according to analytics firm Bubble Maps.

It says those accounts were all freshly created last month and had only ever placed bets on when U.S.

strikes might happen, with some of their shares purchased just hours before the first explosions were reported in Tehran.

The pattern of bets has now raised suspicions of insider trading.

In other news today, OpenAI is defending its deal with the Pentagon.