04 Nov 2025 | 5 Mins Read
Oil prices stabilize as investors consider OPEC+ output
Flipitmoney
OPEC+ decided to pause output hikes in the first quarter despite concerns over a supply glut. Brent crude fell 9 cents to $64.80 a barrel, and US WTI crude down 10 cents to $60.95 a barrel. James Danly and energy producers' bosses challenged oil supply glut forecasts. A pending oil glut was prevented because OPEC+ kept output steady, which Bank of America views as a positive floor for investors.