RE: Oil Price8 Sep 2025 07:52
After falling about 3% last week, oil prices (CL.1) rose 1% after OPEC+ agreed Sunday to increase oil production in October, maintaining its months-long output boost in an effort to regain market share at the expense of lower prices.
"We expect a restrained negative market reaction, given an earlier sell-off into the weekend" and the market's skepticism about the ability of certain members of OPEC+ to reach the higher production targets, Jefferies analysts said in a note Sunday.