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via finance.yahoo.comMarkets

Oil enters November as OPEC+ holds output steady, Brent at $123.10

FROM THE WIRE · FINANCE.YAHOO.COM

HOUSTON, Nov. 2, 2026 /PRNewswire/ -- Oil Market Daily News Commentary - The first week of November brings a run of oil company earnings, fresh U.S. inventory data and a jobs report, all landing a day after a key group of OPEC+ producers left its supply plan unchanged. Meeting…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralOPEC+ keeping its production plan unchanged is relevant for near-term crude prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Seven OPEC+ countries chose to hold required production for December 2026 at the September 2026 level.
  2. 02EIA figures put Brent spot at $123.10 a barrel and WTI at $103.37 on October 27.
  3. 03The week also brings U.S. inventory data, a jobs report and several oil company earnings.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity105.92 USD-2.42%today -6.62%Neutral Crude Oil WTICOMMODITY:WTICommodity97.09 USD-2.40%today -6.75%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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