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2025-10-28 17:22:35
Oil Price Tug of War: OPEC Production Increase Plan Suppresses Trade Optimism] ⑴ International oil prices fell for the third consecutive trading day, with Brent crude down 1.26% to $64.79 per barrel and U.S. crude down 1.22% to $60.56 per barrel. ⑵ OPEC and its allies are leaning toward a modest production increase in December, a plan that continues to pressure the oil market. ⑶ Despite positive expectations for trade talks scheduled for Thursday, institutional analysis suggests that oversupply may put medium- to long-term pressure on oil prices. ⑷ Industry data showing the world's largest oil-producing alliance's production increase intentions are colliding with short-term supply concerns stemming from sanctions.
