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OPEC+ said on 5 October it would raise oil output from November by 137,000 bpd, the same monthly increase as October. The group has raised its targets by more than 2.7 million bpd this year.
Additional barrels into a market already worried about a glut add to downward price pressure. The modest size suggests the group is trying to avoid a sharp price drop.
reuters.comOlesya Astakhova, Ahmad Ghaddar, Alex LawlerOct 5, 2025After 210 past bearish policy events, 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, 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.
