# OPEC+ Holds December 2026 Oil Output Targets as Brent Trades Near $118

> OPEC+ core members kept December 2026 oil production targets unchanged at an online meeting on Sunday, with no further policy changes expected until 2027. Brent for December delivery settled at $117.64 on October 30 as that contract expired, while WTI settled at $104.12 on the front contract.

- Date: 2026-11-01 · published 2026-11-01T21:30:04.840Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73471-opec-holds-december-2026-oil-output-targets-as-brent-trades-near-118
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Holding targets is largely a formality because most Gulf producers cannot reach their quotas amid the Hormuz disruption, so supply remains constrained and crude prices stay elevated, raising energy and freight costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.2% | +3.6% |
| BRENT | 2017-12-01 | [Oil near 2½-year highs after OPEC extends output cuts](https://feedsoft.ai/events/67641-oil-near-21-2-year-highs-after-opec-extends-output-cuts.md) | -2.0% | +4.9% |
| BRENT | 2017-09-22 | [Oil rises nearly 1 percent as OPEC defers extension of output cuts](https://feedsoft.ai/events/69123-oil-rises-nearly-1-percent-as-opec-defers-extension-of-output-cuts.md) | +1.8% | +0.8% |
| BRENT | 2016-12-01 | [Oil soars, Brent hits 16-month high after OPEC output deal \| Reuters](https://feedsoft.ai/events/9699-oil-soars-brent-hits-16-month-high-after-opec-output-deal-reuters.md) | +6.6% | +12.9% |
| BRENT | 2023-04-02 | [Oil leaps 6% as OPEC+ shocks markets by cutting output target](https://feedsoft.ai/events/7946-oil-leaps-6-as-opec-shocks-markets-by-cutting-output-target.md) | +7.4% | +1.0% |
| WTI | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.1% | +2.3% |
| WTI | 2017-12-01 | [Oil near 2½-year highs after OPEC extends output cuts](https://feedsoft.ai/events/67641-oil-near-21-2-year-highs-after-opec-extends-output-cuts.md) | -1.5% | +5.3% |
| WTI | 2017-09-22 | [Oil rises nearly 1 percent as OPEC defers extension of output cuts](https://feedsoft.ai/events/69123-oil-rises-nearly-1-percent-as-opec-defers-extension-of-output-cuts.md) | +2.0% | +1.4% |

## Sources

- cranberryjournal.com: https://cranberryjournal.com/markets/opec-holds-brent-one-seventeen/

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