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OPEC's November report said OPEC+ members participating in the production agreement increased output by 1.94 million barrels per day in October. Saudi Arabia, Iraq and Kuwait recorded the largest increases among the named producers, while the report also noted that the alliance's October output remained below its quota excluding compensation adjustments.
Higher production adds crude supply and may weigh on oil prices, while output below quota limits the size of that bearish pressure.
finance.mail.ruАнастасия СелезневаNov 11, 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.
