Oil prices rose in early Asian trading after OPEC and its allies (OPEC+) agreed to increase production by 137,000 barrels per day in December. Despite the increase, the group stated that it would not increase production during the first three months of 2026 due to seasonal factors. This decision was considered unexpected by some analysts.
Jorge Leon of Rystad Energy called the decision to pause production increases in the first quarter of 2026 another surprise from the latest OPEC+ meeting. In the market, front-month WTI crude futures rose 0.6% to $61.37 per barrel, while front-month Brent also rose 0.6% to $65.17 per barrel. Market participants are now weighing the impact of this policy on supply and prices in the coming months. (az)
Source: Newsmaker.id
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