Loading…
Saudi Arabia told OPEC that its crude output rose 26% in October to 10.563 million barrels per day, near its pre-war level. OPEC’s secondary-source estimate put total OPEC+ output at 41.23 million bpd, up 2.04 million from September; Saudi exports used both Gulf terminals and the East-West pipeline to the Red Sea.
The sharp recovery in Saudi and OPEC+ production adds crude supply despite ongoing conflict-related shipping risks, which can weigh on oil prices. Lower crude prices may reduce fuel costs for feed manufacturing and transport.
oilprice.comCharles KennedyNov 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.
