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OPEC+ kept oil output targets unchanged at its weekend meetings, with about 3.24 million bpd of voluntary cuts still in place. The group also approved a mechanism to assess members' maximum production capacity.
Unchanged output targets limit additional supply growth, which can support crude prices against surplus expectations. Diesel and feed-related energy costs may firm modestly if crude holds up.
reuters.comAhmad Ghaddar, Alex Lawler, Olesya AstakhovaNov 29, 2025After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.
After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% 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.
