Loading…
Seven core OPEC+ members agreed to hold December output targets, the third month of unchanged levels. Most members are pumping well below quotas due to regional conflict and export bottlenecks.
Because actual output runs below quotas, the unchanged targets do little to add barrels, so crude remains supported and energy costs for feed chains stay elevated.
thenews.com.pkHafsa Naeem BaigNov 1, 2026After 442 past bullish policy events, 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, 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.
