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Commodity Mid Session News

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(03 Nov 2025, 13:28)

WTI Crude edges to one-week high as OPEC aggres for small rise in output

Crude edged up today after OPEC+ agreed a small oil output rise for December but notified a pause in increases in the first quarter of next year. OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but slowed the pace from October amid predictions of a looming oversupply. WTI Crude oil is currently quoting at $61.37 per barrel, up 0.64% on the day and hitting one-week high. WTI Crude oil prices slipped last week, nearing $60 per barrel mark. MCX Crude oil is trading at Rs 5457 per barrel, up 0.65% on the day after hitting a high of Rs 5470 per barrel.
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