OPEC+ raised output by 137,000 barrels per day, which is identical tempo as final month.
This spherical of output hikes kicks in for December however the group is clearly anxious about winter oversupply as they agreed to pause hikes for Q1, 2026. That ought to lend some assist to crude oil Monday, because it wasn’t anticipated.
WTI crude oil completed Friday at $60.98/barrel.
