# Oil settles flat amid OPEC+ output hike, supply glut fears | Reuters

> Oil futures settled more than 1% higher in the prior session after OPEC+ agreed to add 137,000 bpd from November. The move was smaller than market expectations, and ING analysts said the group remains cautious given forecasts of a global supply surplus.

- Date: 2025-10-07 · published 2025-10-07T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/22308-oil-settles-flat-amid-opec-output-hike-supply-glut-fears-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Prices were supported by the smaller-than-expected hike, but expectations of a fourth-quarter and 2026 surplus cap gains. Crude direction will hinge on whether the surplus forecasts hold.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-01-04 | [Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike \| Reuters](https://feedsoft.ai/events/43062-oil-ends-up-at-80-bbl-as-opec-sticks-with-feb-output-hike-reuters.md) | +3.3% | +16.7% |
| BRENT | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -4.2% | +2.6% |
| BRENT | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.1% | +2.4% |
| BRENT | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +4.7% | +16.5% |
| BRENT | 2021-12-02 | [OPEC+ meeting: Oil supply in focus amid omicron Covid variant fears](https://feedsoft.ai/events/43500-opec-meeting-oil-supply-in-focus-amid-omicron-covid-variant-fears.md) | +9.7% | +14.1% |
| WTI | 2022-01-04 | [Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike \| Reuters](https://feedsoft.ai/events/43062-oil-ends-up-at-80-bbl-as-opec-sticks-with-feb-output-hike-reuters.md) | +2.8% | +16.0% |
| WTI | 2026-07-28 | [OPEC+ likely to pause oil output hikes after September, sources say \| Reuters](https://feedsoft.ai/events/18254-opec-likely-to-pause-oil-output-hikes-after-september-sources-say-reuters.md) | -2.7% | +2.6% |
| WTI | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-steady-market-chews-over-opec-output-hike-supply-glut-fear-2025-10-07/

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