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Oil Rises After OPEC+ Says It Will Pause Output Hikes Next Year

Bloomberg.com · last updated

Oil advanced a fourth day after OPEC+ said it planned to pause output increases in the first quarter of 2026, following another modest hike for next month.

Brent crude rose above $65 a barrel in its longest streak of gains since late September, while West Texas Intermediate was near $61. The Organization of the Petroleum Exporting Countries and its allies said on Sunday they would raise production by about 137,000 barrels a day in December, matching increases scheduled for October and November. The group will then take a January-through-March hiatus.

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