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OPEC+ crude production rose by about 2.04 million barrels per day in October to 41.23 million, according to a November 11 monthly report cited by Reuters. The figure is about 96.5% of the February pre-war reference level of 42.72 million barrels per day.
The article notes that barrels produced do not equal barrels supplied or delivered to refineries.
Recovering crude supply eases the prewar shortfall and is bearish for crude prices. The timing of refinery intake and inventory effects will determine how much of that supply benefits South Korean refiners.
superfinancial.netNov 13, 2026After 131 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (44% higher; middle half -4.0% to +2.4%), 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.
