Oil prices open up around 1% after modest OPEC+ output hike
ReutersOct 5, 2025 10:10 PM
SINGAPORE, Oct 6 (Reuters) - Oil prices rose about 1% at the start of trading on Monday after OPEC+ announced it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in October, amid persistent worries over a looming supply glut.
Brent crude futures LCOc1 rose 77 cents, or 1.2%, to $65.30 a barrel by 2203 GMT, while U.S. West Texas Intermediate crude CLc1 was at $61.59, up 71 cents, or 1.2%.
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