1329 ET - Rumors about OPEC's production increases look aimed at quenching U.S. shale activity, Price Group's Phil Flynn writes. "One wonders about the timing of OPEC leaks that seem to keep coming at price levels that could, in theory, unleash US shale." He says there are concerns that U.S. oil output could be plateauing. Meanwhile, he doubts an oil glut is in the making. "It's easy to see a glut when demand is low seasonally; we'll see how the so-called glut works if we get a cold winter." The WTI falls 2%, to $60.60 a barrel. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

October 02, 2025 13:29 ET (17:29 GMT)

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