# Oil prices post third straight monthly decline ahead of Opec meeting | The National

> Oil prices rebounded on October 31 but posted a third straight monthly decline, after a volatile session triggered by reports the US was preparing to attack Venezuela. Trump and Rubio denied an imminent attack, and OPEC+ is expected to raise output again for a ninth month.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/22564-oil-prices-post-third-straight-monthly-decline-ahead-of-opec-meeting-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected OPEC+ increases and analyst oversupply views point to softer crude prices, while Venezuela and Russia sanctions create intermittent supply-risk spikes that feed through to fuel costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/2025/11/01/oil-prices-post-third-straight-monthly-decline-ahead-of-opec-meeting/

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