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Saudi Arabia told OPEC that it produced 10.563 million barrels per day of crude in October, up from 8.372 million in September. OPEC+ output also rose to 41.23 million barrels per day, an increase of 2.04 million from the prior month.
The sharp increase adds crude supply and may put downward pressure on oil prices, potentially reducing fuel costs across agricultural supply chains.
deccanherald.comReutersNov 11, 2026After 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 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.
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.
