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Oil steadies as OPEC+ pauses output hikes into Q1 2026
OPEC+ paused oil output hikes into Q1 2026, stabilising prices as markets weigh supply concerns and weaker global demand.
On 4 November 2025, global oil prices held steady after OPEC+ decided to pause output increases through the first quarter of 2026, following a modest 137,000 barrels per day rise planned for December. The move reflects caution over potential oversupply, even as demand stays resilient in Asia and sanctions continue to curb Russian exports. Traders are now watching U.S. stockpile data and global manufacturing trends for cues on the next directional move in crude prices.