# Crude Oil Market: OPEC+ Output Jumps, Saudi Supply Ramps Up

> OPEC+ crude output rose by 2.04 million barrels per day in October to 41.23 million, led by a sharp recovery in Saudi Arabia. Brent was trading in the low US$90s on November 12, with WTI in the mid-US$80s.

- Date: 2026-11-12 · published 2026-11-13T00:10:50.674Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/96624-crude-oil-market-opec-output-jumps-saudi-supply-ramps-up
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A faster supply recovery eases the tightness in the global crude balance and puts downward pressure on prices. Strait of Hormuz risks still limit how far prices can fall.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-07-12 | [OPEC's oil output jumps again as the group struggles to end crude glut](https://feedsoft.ai/events/69868-opec-s-oil-output-jumps-again-as-the-group-struggles-to-end-crude-glut.md) | +2.7% | +10.7% |
| BRENT | 2019-10-31 | [OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters](https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters.md) | +2.5% | +6.8% |
| BRENT | 2018-09-23 | [OPEC raises U.S. oil supply outlook, sees lower demand for own crude](https://feedsoft.ai/events/62935-opec-raises-u-s-oil-supply-outlook-sees-lower-demand-for-own-crude.md) | +4.9% | +1.6% |
| BRENT | 2018-08-31 | [Saudi crude oil output in August rises to 10.424 million b/d: OPEC source](https://feedsoft.ai/events/63444-saudi-crude-oil-output-in-august-rises-to-10-424-million-b-d-opec-source.md) | -1.7% | +5.5% |
| BRENT | 2023-12-07 | [Oil market caught by surprise as US output surges](https://feedsoft.ai/events/32889-oil-market-caught-by-surprise-as-us-output-surges.md) | -0.2% | +5.7% |
| WTI | 2017-07-12 | [OPEC's oil output jumps again as the group struggles to end crude glut](https://feedsoft.ai/events/69868-opec-s-oil-output-jumps-again-as-the-group-struggles-to-end-crude-glut.md) | +3.0% | +9.0% |
| WTI | 2019-10-31 | [OPEC October oil output jumps on swift Saudi recovery: Reuters survey By Reuters](https://feedsoft.ai/events/56469-opec-october-oil-output-jumps-on-swift-saudi-recovery-reuters-survey-by-reuters.md) | +2.4% | +5.8% |
| WTI | 2018-09-23 | [OPEC raises U.S. oil supply outlook, sees lower demand for own crude](https://feedsoft.ai/events/62935-opec-raises-u-s-oil-supply-outlook-sees-lower-demand-for-own-crude.md) | +3.4% | -2.3% |

## Sources

- commodity-board.com: https://commodity-board.com/opec-steps-up-output-as-saudi-arabia-leads-recovery-amid-strait-of-hormuz-risks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.