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Output from the 11 OPEC members subject to quotas rose by 1.78 million barrels per day in September from the previous month, reaching about 21.49 million barrels per day, according to a Reuters survey. The increase occurred despite Middle East tensions affecting shipping and trade through the Strait of Hormuz.
Higher OPEC output adds crude supply and can weigh on prices, although shipping disruptions may offset some of that pressure. The net price effect depends on how much production reaches buyers.
jarayid.comالمشهد العربيNov 7, 2026After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% 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.
