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OPEC's monthly report showed the group's crude production rose by 1.965 million barrels per day in October to 27.164 million barrels per day. Saudi Arabia, Iraq and Kuwait made the largest reported increases, while OPEC+ production rose by 2.035 million barrels per day; OPEC left its global oil-demand growth forecasts unchanged.
The reported production increase adds supply and can pressure crude prices, while unchanged demand forecasts provide no new demand-driven offset.
sabah.com.trAANov 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.
