Oil Rises After OPEC+ Production Increase Seen Less Than Feared — Market Talk

Dow Jones Newswires

Oil rises in the early morning Asian session. Eight OPEC+ members led by Saudi Arabia said they would boost production by 137,000 barrels/day in November, the same as in October, the group said Sunday. "The relatively modest increase came after reports last week suggested the possibility of a more aggressive reintroduction of supply," NAB's Taylor Nugent says in commentary. Speculation of a bigger supply increase and oil-demand concerns had caused Brent crude oil to fall nearly 8% over last week, the senior economist adds. Front-month WTI crude oil futures are 1.1% higher at $61.53/bbl; front-month Brent crude oil futures are 1.05% higher at $65.21/bbl. (ronnie.harui@wsj.com)

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

Oil Rises After OPEC+ Production Increase Seen Less Than Feared — Market Talk

Risk Disclosure