No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 6, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Oil prices gain 1% after lower-than-expected OPEC+ output hike

by TheAdviserMagazine
13 hours ago
in Business
Reading Time: 2 mins read
A A
Oil prices gain 1% after lower-than-expected OPEC+ output hike
Share on FacebookShare on TwitterShare on LInkedIn


Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions.

Brent crude futures rose 63 cents, or 1%, to $65.16 a barrel by 2310 GMT, while U.S. West Texas Intermediate crude was at $61.46, up 58 cents, or 1%.

“The price jump has primarily been boosted by OPEC+’s decision for a lower-than-expected production hike next month as the group intended to buffer the recent slump in oil markets,” said independent analyst Tina Teng.

“However, crude prices will likely remain weak due to the gloomy global economic outlook,” she added.

On Sunday, the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers said it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in October, amid persistent concerns over a looming supply glut.

Live Events

In the run-up to the meeting, sources said Russia was advocating for an output increase of 137,000 bpd to avoid pressuring prices, but Saudi Arabia would have preferred double, triple or even quadruple that figure to regain market share more quickly. “OPEC+’s decision to increase production by another 137,000 bpd in November could be manageable in light of rising supply disruptions due to tightening sanctions by the U.S. and Europe against Russia and Iran,” ANZ analysts said in a note on Monday. “Meanwhile, Ukraine continued to intensify its attacks on Russian energy facilities, targeting the Kirishi refinery, one of Russia’s largest refineries, with an annual processing capacity exceeding 20 million tonnes,” the analysts added.

The Group of Seven nations’ finance ministers said last week they would take steps to increase pressure on Russia by targeting those who are continuing to increase purchases of Russian oil and facilitating circumvention of sanctions, as part of efforts to cut off Russian revenues due to Moscow’s invasion of Ukraine.

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: gainhikelowerthanexpectedoilOPECoutputPrices
ShareTweetShare
Previous Post

Stablecoin-Focused GENIUS Act Is Beginning of the End for Banks

Next Post

16 Things That Make You Truly Wealthy

Related Posts

edit post
Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

by TheAdviserMagazine
October 6, 2025
0

When Mia Jones goes out to eat with her friends, she wants something that’s just right: not overly popular, but...

edit post
Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

by TheAdviserMagazine
October 6, 2025
0

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” third-quarter 2025 investor letter. A copy of...

edit post
Inside the ultra-private one-room hotels redefining luxury travel

Inside the ultra-private one-room hotels redefining luxury travel

by TheAdviserMagazine
October 6, 2025
0

After the mangosteen daiquiri misted tableside with lime oil, the cheesy garlic naan, the broccoli salad with pistachios and mint,...

edit post
Bitcoin’s Rally Tightens Its Grip on Crypto Markets: Is Alt Season Cancelled?

Bitcoin’s Rally Tightens Its Grip on Crypto Markets: Is Alt Season Cancelled?

by TheAdviserMagazine
October 6, 2025
0

Bitcoin cemented its dominance over the crypto market this weekend, soaring to a new record high and siphoning capital away...

edit post
Private banks, consumption and metals drive optimism amid earnings season

Private banks, consumption and metals drive optimism amid earnings season

by TheAdviserMagazine
October 6, 2025
0

As the Indian earnings season gears up, market experts are keeping a close eye on private banks, consumption plays, metals,...

edit post
Damodar Valley Corporation releases 55,000 cusecs from its reservoirs, fresh flood fears in south Bengal

Damodar Valley Corporation releases 55,000 cusecs from its reservoirs, fresh flood fears in south Bengal

by TheAdviserMagazine
October 6, 2025
0

The Damodar Valley Corporation (DVC) released 55,000 cusecs of water from its Maithon and Panchet reservoirs in Jharkhand on Monday,...

Next Post
edit post
16 Things That Make You Truly Wealthy

16 Things That Make You Truly Wealthy

edit post
Russia Rejects Anti-Dollar Claims as Putin Defends BRICS Trade Strategy

Russia Rejects Anti-Dollar Claims as Putin Defends BRICS Trade Strategy

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

0
edit post
4 Overlooked Real Estate Investments That Pay Big in 2025

4 Overlooked Real Estate Investments That Pay Big in 2025

0
edit post
Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

0
edit post
The Invisible Hierarchies that Rule Our World (with Toby Stuart)

The Invisible Hierarchies that Rule Our World (with Toby Stuart)

0
edit post
Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

0
edit post
7 Senior Living Trends That Will Redefine Retirement Culture by 2026

7 Senior Living Trends That Will Redefine Retirement Culture by 2026

0
edit post
Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

October 6, 2025
edit post
Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

October 6, 2025
edit post
Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

October 6, 2025
edit post
How to find your perfect direct tax technology match

How to find your perfect direct tax technology match

October 6, 2025
edit post
Origin’s New ‘AI Financial Advisor’ Won’t Threaten Human Advisors (And More Of The Latest In Financial #AdvisorTech – October 2025)

Origin’s New ‘AI Financial Advisor’ Won’t Threaten Human Advisors (And More Of The Latest In Financial #AdvisorTech – October 2025)

October 6, 2025
edit post
4 Overlooked Real Estate Investments That Pay Big in 2025

4 Overlooked Real Estate Investments That Pay Big in 2025

October 6, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants
  • Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?
  • Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.