08 Oct 2025 | 3 Mins Read
Oil prices surge on OPEC's cautious output move
Flipitmoney
Brent crude futures rose 40 cents to $65.85 a barrel, while U.S. West Texas Intermediate crude increased 44 cents to $62.17. Markets discounted OPEC+'s 137,000 barrels/day production increase, citing signs of a balanced supply. Price gains were capped as Russian supply risk eased, and investors await U.S. inventory trends.