Oil Futures Rise Despite OPEC+ Production Hike -- Market Talk
Dow Jones
Oct 07
1508 ET - Oil futures rise after the expected increase in OPEC+ production quotas come in lower than traders forecast. BOK Financial, in a report, adds that there is some skepticism that members "actually have the longer-term capacity to hold these increases." Meanwhile, Ukraine keeps hitting Russian refineries. "If we continue to see more strikes from Ukraine against Russian oil infrastructure and a halt to the rise in OPEC exports, crude future could be solidifying a low near the $60/bbl area for WTI," BOK says. A potential Israel-Hamas peace deal could bring Iranian oil to markets, the firm says. The WTI rises 1%, to $61.69 a barrel. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
October 06, 2025 15:08 ET (19:08 GMT)
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