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Oil prices rise after OPEC+ announces slower production increase

Oil prices rose in early trading on Monday, rebounding from last week’s losses after OPEC+ announced it would slow the pace of production increases starting in October due to expectations of weak global demand.

ONA

info@thearabianstories.com

Monday, September 8, 2025

SINGAPORE – Brent crude gained 34 cents, or 0.5 percent, to reach $65.84 a barrel, while U.S. West Texas Intermediate crude rose 30 cents, or 0.5 percent, to $62.17 a barrel.

Both benchmarks fell more than 2 percent last Friday after a weak US jobs report weighed on energy demand expectations, and they lost more than 3 percent last week.

OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC), Russia, and other allies, agreed to further raise oil production starting October.

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