OPEC+ Participants Keep December Output Requirements at September Levels

Seven participating OPEC+ countries agreed to keep required production for December 2026 at September levels after meeting virtually Nov. 1, ahead of steep losses in crude futures the next day.

Brent crude futures settled at $104.77 per barrel on Nov. 2, down $8.66, or 7.63%. West Texas Intermediate (WTI) settled at $96.46 per barrel, down $7.66, or 7.36%.

The crude decline came amid talks involving Iranian and Qatari officials.

The U.S. consumer price index rose 0.6% in September from August on a seasonally adjusted basis and 3.7% from a year earlier before seasonal adjustment. Gasoline prices increased 9.1% during the month. The October CPI report is scheduled for 8:30 a.m. ET Nov. 10.