Home > Business > Oil prices open up around 1% after modest OPEC+ output hike

Oil prices open up around 1% after modest OPEC+ output hike

Written By: TDG Syndication
Last Updated: October 6, 2025 05:09:02 IST

SINGAPORE (Reuters) -Oil prices rose about 1% at the start of trading on Monday after OPEC+ announced it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in October, amid persistent worries over a looming supply glut. Brent crude futures rose 77 cents, or 1.2%, to $65.30 a barrel by 2203 GMT, while U.S. West Texas Intermediate crude was at $61.59, up 71 cents, or 1.2%. (Reporting by Emily Chow; Editing by Richard Chang)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Latest News

The Daily Guardian is India’s fastest
growing News channel and enjoy highest
viewership and highest time spent amongst
educated urban Indians.

Follow Us

© Copyright ITV Network Ltd 2025. All right reserved.

The Daily Guardian is India’s fastest growing News channel and enjoy highest viewership and highest time spent amongst educated urban Indians.

© Copyright ITV Network Ltd 2025. All right reserved.