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OPEC+ agreed on 5 October to add 137,000 bpd in November, matching October's increase. The decision came despite ongoing concern about a supply surplus.
The increase signals more supply entering the market while analysts expect a surplus, which weighs on crude prices. Feed costs are only indirectly affected through energy and biofuel prices.
reuters.comNicole JaoOct 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.
