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OPEC+ output rose by 2.04 million barrels per day in October to 41.23 million barrels per day, led by Saudi Arabia, which added 1.18 million barrels per day. Brent slipped to $91.62 and WTI to $85.49 while Middle East shipping risks remained.
Rising OPEC+ supply eases crude prices, which lowers energy and freight costs for feed makers, though Strait of Hormuz risks keep prices volatile.
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.