# Crude Oil Prices Rise On Concerns OPEC+ Could Keep Oil Output Policy Unchanged

> Crude oil rose on market speculation that OPEC+ would keep its current output policy unchanged. The policy, announced in October, cut the group's production target by 2 million barrels per day starting in November. Brent was up about 1% near $84 and WTI was up about 1% near $79.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/38850-crude-oil-prices-rise-on-concerns-opec-could-keep-oil-output-policy-unchanged
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of continued OPEC+ output cuts support crude and diesel prices, which feed the cost of freight and processing.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-01 | [OPEC+ keeps output policy unchanged for October](https://feedsoft.ai/events/17381-opec-keeps-output-policy-unchanged-for-october.md) | -2.3% | +8.7% |
| WTI | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +0.1% | -3.2% |
| WTI | 2026-10-04 | [OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains](https://feedsoft.ai/events/17215-opec-keeps-november-oil-production-unchanged-as-crude-prices-hold-september.md) | +0.8% | +8.4% |
| WTI | 2022-08-26 | [Oil prices rise on signals OPEC might cut output](https://feedsoft.ai/events/40228-oil-prices-rise-on-signals-opec-might-cut-output.md) | -6.6% | -15.2% |
| WTI | 2017-02-01 | [Arab News \| Crude prices rise as OPEC cuts output as promised](https://feedsoft.ai/events/72674-arab-news-crude-prices-rise-as-opec-cuts-output-as-promised.md) | -1.1% | +2.0% |
| BRENT | 2026-10-01 | [OPEC+ keeps output policy unchanged for October](https://feedsoft.ai/events/17381-opec-keeps-output-policy-unchanged-for-october.md) | +2.6% | +8.8% |
| BRENT | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +2.8% | -0.3% |
| BRENT | 2026-10-04 | [OPEC+ Keeps November Oil Production Unchanged As Crude Prices Hold September Gains](https://feedsoft.ai/events/17215-opec-keeps-november-oil-production-unchanged-as-crude-prices-hold-september.md) | -0.9% | +2.2% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/energy/crude-oil-prices-rise-on-concerns-opec-could-keep-oil-output-policy-unchanged

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