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OPEC+ agreed on Sunday to keep its November oil production quota unchanged from October, at 31.01 million bpd for the covered members. Group output in August was only 25 million bpd, well below quota.
Analysts say Hormuz flows have recovered but OPEC+ production remains below quotas, leaving the market tight.
Quota holds with output well below targets mean no near-term supply relief, which supports crude prices and the energy costs behind feed production.
investing.comIrina SlavOct 5, 2026After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
