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OPEC+ agreed on October 4 to keep November oil production unchanged, with seven members holding output at September levels. Brent rose 14.41% in September and WTI 5.43%, supported by tight refined-product supplies and recovering Gulf exports.
Holding output flat leaves crude supply tight while refined-product inventories are low, which supports energy and diesel costs for feed producers and keeps input and freight costs elevated.
db.forbesmiddleeast.comNirvana Mahmoud, Khadijah Khogeer, Gehad AbbasOct 4, 2026After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% over 20.
After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% 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.
