Oil Prices Surge Over 1.5% After OPEC+ Meeting Signals Output Pause, ETEnergyworld
OMC Editorial Desk7 months ago1 min read
Oil prices saw a significant increase of over 1.5% on Monday following the OPEC+ meeting.
Oil prices rose more than 1.5 per cent on Monday after the OPEC+ meeting on Sunday reaffirmed its plan to pause production increases in the first quarter of next year.
Brent crude futures climbed 94 cents, or 1.51 per cent, to $63.32 a barrel by 2327 GMT. US West Texas Intermediate crude was at $59.45 a barrel, up 90 cents, or 1.54 per cent.
OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meeting as the group slows its push to regain market share amid fears of a looming supply glut.
Published On Dec 1, 2025 at 07:54 AM IST
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