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Oil prices settled higher after OPEC+ approved a modest 137,000 bpd production increase for October. That increase is much smaller than the earlier monthly hikes of about 555,000 bpd and 411,000 bpd.
Analysts expect limited supply impact because some members are already over-producing, so the barrels are largely in the market already. The prices rose as the smaller hike eased concerns about a glut.
reuters.comGeorgina MccartneyOct 1, 2025After 442 past bullish policy events, Crude Oil (Brent) moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
