# OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains

> 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.

- Date: 2026-10-04 · published 2026-10-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17215-opec-keeps-november-oil-production-unchanged-as-crude-prices-hold-september
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.7% | -8.8% |
| WTI | 2022-11-30 | [Crude Oil Prices Rise On Concerns OPEC+ Could Keep Oil Output Policy Unchanged](https://feedsoft.ai/events/38850-crude-oil-prices-rise-on-concerns-opec-could-keep-oil-output-policy-unchanged.md) | -4.9% | +1.1% |
| WTI | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +0.1% | -3.2% |
| WTI | 2024-04-04 | [OPEC+ keeps current oil production cut policy unchanged  – Middle East Monitor](https://feedsoft.ai/events/30647-opec-keeps-current-oil-production-cut-policy-unchanged-middle-east-monitor.md) | +0.9% | -6.8% |
| WTI | 2022-02-02 | [Caution from OPEC+ producers to keep oil prices high \| AP News](https://feedsoft.ai/events/42630-caution-from-opec-producers-to-keep-oil-prices-high-ap-news.md) | +1.3% | +25.5% |
| BRENT | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.8% | -6.0% |
| BRENT | 2022-11-30 | [Crude Oil Prices Rise On Concerns OPEC+ Could Keep Oil Output Policy Unchanged](https://feedsoft.ai/events/38850-crude-oil-prices-rise-on-concerns-opec-could-keep-oil-output-policy-unchanged.md) | -4.2% | -0.8% |
| BRENT | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +2.8% | -0.3% |

## Sources

- db.forbesmiddleeast.com: https://db.forbesmiddleeast.com/industry/energy/oil-markets-await-opec-november-output-decision-after-strong-september-gains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.