Trade The World
Oil: A small step for OPEC – Commerzbank
Ni FXStreet Insights Team
Petsa ng Pag-publish: 7 Oct 2025 | Petsa ng Pag-edit: 7 Oct 2025
POPULAR ARTICLES
The eight OPEC+ members that had recently voluntarily reduced their production decided over the weekend, as expected, to further scale back their production restrictions, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
The eight OPEC+ members that had recently voluntarily reduced their production decided over the weekend, as expected, to further scale back their production restrictions, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Oil price gives up gains
"However, they opted for a smaller step, similar to the previous month, by increasing production by 'only' 137,000 barrels per day. This eased concerns that production would be expanded as significantly as in previous months."
"Between April and September, OPEC's production rose by 1.7 million barrels per day, equivalent to an average of 340,000 barrels per month according to Bloomberg. The Oil price initially climbed yesterday but soon gave up those gains. Even though the production increase was smaller than feared, it comes at a time when the supply outlook is already favorable."
FXStreet
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More
