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OPEC crude output rose by 930,000 barrels per day in October to 22.8 million barrels per day, according to a Bloomberg survey cited in the article. Saudi Arabia accounted for most of the increase, with output reaching about 88% of the same members’ February volume.
Higher OPEC production points to recovering oil supply and can ease crude-market tightness, adding potential downward pressure to oil prices and energy-linked costs for feed buyers.
climate.ftmq.comNov 9, 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.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), 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.
