Oil began with the increase after the “OPEC+” coalition agreed to an increase in oil production, which came less than the market expected. Brent rough rose above $ 65 a barrel, while the intermediate crude of West Texas was about $ 62. The beginning of the Asian trading session was a higher activity than usual, as about 2000 contracts were distributed by the curve during the first five minutes, according to “Bloomberg”. The US agency quoted Chris Weston, head of the ‘Bibston’ group research department, saying that the move ‘clearly came below the level of’ market expectations’, indicating that the high prices were due to the traders, who were preparing for a larger rise, used their tactical centers. Kazakhstan, Algeria and the sultanate of Oman. According to a statement from the Saudi Ministery of Energy, the continuation of the process of giving a new segment of supplies with a total of 1.65 million barrels per day is, which started giving a voluntary per day over the past month, which began in August. 2.2 million barrels of oil per day, by increasing the production by 547 thousand barrels per day at the time. The next meeting of the eight member states will be held on November 2, 2025. In August, OPEC increased its forecast for the growth of the oil question during 2026 to 1.4 million barrels per day, with an increase of 100,000 barrels of the previous month’s expectations. Market concerns that global supplies will exceed the level of demand.
Oil prices rise to the “OPEC+” decision to increase production
