0946 ET - Crude futures are adding to gains of the previous two sessions with geopolitical risk countering underlying concerns of a 4Q surplus as OPEC+ increases planned output. "Although the latest OPEC production guidance for next month was smaller than widely expected, it still represents a continued uptrend of fresh supply into the market that is weighing on the Brent curve," Ritterbusch says in a note. The market is watching for the EIA's weekly inventory data at 10:30 a.m. ET after the API reported a 1.3 million barrel build in crude stocks, analysts note. Analysts in a Wall Street Journal survey predict a crude stock draw of 1 million barrels. WTI and Brent are up 0.7% at $63.08 and $66.87 a barrel, respectively. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
September 10, 2025 09:46 ET (13:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.