Oil prices edged higher on Monday after OPEC+ moved to suspend planned output increases in the first quarter of 2026, a decision aimed at preventing a potential supply glut. Gains were limited, however, by weak factory data out of Asia.
Oil prices gained over $1 on Monday, recovering some of last week’s losses, after OPEC+ signaled a modest increase in output starting October. The eight OPEC+ members will raise production by 137,000 barrels per day—far less than previous monthly increases—limiting the impact on global supply.
03 Nov 2025-09:25
08 Sep 2025-17:56
