# Brent Crude Oil Price: $113 as Futures Reopen With OPEC+ Set to Hold December Output – Midterms on 3 November, Bull $120, Bear $107

> Brent January futures settled at $113.43 on Friday October 30, up $2.63, with WTI at $104.12. Reuters sources said OPEC+ agreed in principle to hold December targets, and the article notes no official statement had been published. Analysts flagged $107 and $120 as reference levels ahead of US midterms on November 3.

- Date: 2026-11-01 · published 2026-11-01T12:07:46.659Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8864-brent-crude-oil-price-113-as-futures-reopen-with-opec-set-to-hold-december
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An expected OPEC+ hold is largely priced in, so Monday's direction depends on Hormuz shipping and US policy. Crude moves feed through to diesel, freight and fertilizer costs for feed producers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- financefeeds.com: https://financefeeds.com/brent-crude-oil-price-113-sunday-opec-plus-set-to-hold-december-futures-open-midterms-bull-120-bear-107/

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