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Seven OPEC+ countries that were voluntarily limiting production increased output by 1.976 million barrels per day in October from September. Saudi Arabia had the largest increase, while Iraq, Kuwait, Kazakhstan and Russia also raised production; Algeria and Oman recorded small declines.
The increase adds crude supply and shows that production limits were not met at the prior month’s level, which can weigh on oil prices. Lower crude prices could ease fuel costs across feed supply chains.
tass.comNov 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.
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.
