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Brent Stalls at $65 as Markets Shrug Off OPEC+ Supply Signals
Market Intelligence Analysis
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Why This Matters
Oil prices have stalled at $65 as OPEC+ has paused its production hikes, despite initial expectations of a rally, due to concerns over a potential supply glut.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
OPEC+ has failed to spark an oil price rally with its commitment to halt production hikes in the first quarter of 2026, as fears of a supply glut continue to weigh on both Brent and WTI.- OPEC+ surprised oil markets by announcing a pause in its scheduled return of voluntary cuts throughout Q1 2026, having agreed on a minor 137,000 b/d increase for December 2025.- According to media reports, Russia was the largest proponent of the temporary supply hike pause, giving OPEC+ more time to assess the impact of sanctions on Russian crude production.-…
Original article published by
OilPrice.com
on November 4, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.