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Eight OPEC+ countries met virtually on 5 October 2025 and agreed to raise production by 137,000 barrels per day in November, from the 1.65 million bpd tranche. They said the move reflected a steady global economic outlook and low oil inventories, and that the cuts could be paused or reversed.
The increase adds modest supply to a market that analysts expect to move into surplus, which is bearish for crude prices. Its small size limits the price impact compared with what the market had feared.
moenergy.gov.saOct 5, 2025After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% 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.
