OPEC+ agrees to raise output by 137K bpd, as expected

OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month.

This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t expected.

WTI crude oil finished Friday at $60.98/barrel.

This article was written by Adam Button at investinglive.com.