The Organization of the Petroleum Exporting Countries and its allies (OPEC+) confirmed that it will maintain current production levels through December, a move that has steadied the oil market after last month’s volatility. The decision comes as West Texas Intermediate (WTI) crude traded at $102.95 per barrel, up $0.95 (+0.93%) on the day, while Brent crude rose to $113.10, a gain of $2.30 (+2.08%). Gold slipped to $3,875.55 a ounce, down $145.84 (‑3.63%), and silver fell to $49.140, a drop of $3.25 (‑6.20%). Other key metals reflected a mixed picture: copper slid to $6.5100 per pound, down $0.09 (‑1.41%); aluminium fell to $3,059.70 per tonne, down $11.55 (‑0.38%). Natural gas prices eased to $2.883 per million British thermal units, down $0.069 (‑2.34%). The steady output outlook from OPEC+ is expected to support oil prices amid ongoing supply‑demand uncertainties, while commodity markets remain sensitive to global economic signals and geopolitical developments.


Commodities & Futures · samer saeed · November 1, 2026
OPEC+ to Keep December Oil Production Flat, Markets React
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