03 Nov 2025 | 3 Mins Read
Oil prices increase after OPEC+ suspends Q1 production hikes
Flipitmoney
Oil prices rose in early Asian trade after OPEC+ decided to hold off production hikes in Q1 2026, easing supply glut fears. Brent crude rose 47 cents (0.73%) to $65.24, while WTI climbed 45 cents (0.74%) to $61.43. Production will increase by 137,000 barrels per day in December, then pause through March 2026 due to seasonality.