Read more
11:10 AM · 3 November 2025

Chart of the day - OIL (03.11.2025)

OIL
Commodities
-
-

Oil prices remain stable today at $64.80 per barrel of Brent crude, despite a moderate production increase of 137,000 barrels per day starting in December. The decision was made during Sunday’s meeting.

OPEC+ also announced plans to pause production hikes in Q1 2026, which helped balance the market’s reaction. The decision reflects growing concerns about a potential oil oversupply at the beginning of next year. U.S. sanctions on Russian producers have introduced supply uncertainty from Russia, a key OPEC+ member. Although geopolitical factors — such as a Ukrainian drone attack on Russia’s Tuapse port — have increased volatility, the market remains focused mainly on oversupply risks and weaker industrial activity in Asia.

Following the OPEC+ decision, Morgan Stanley raised its Brent forecast to $60 per barrel for early 2026 (from $57.50), citing reduced concerns over excess supply. Meanwhile, UBS maintained its forecast range of $60–70 per barrel, with a year-end target of $62. Analysts expect the market to remain under pressure in 2026 due to record-high U.S. oil output (13.8 million barrels per day) and weak demand in Asia.

 

 

3 November 2025, 4:31 PM

US100: Wall Street's stronghold of growth❓

3 November 2025, 3:01 PM

BREAKING: EURUSD gains after US ISM data 💡

3 November 2025, 9:04 AM

BREAKING: PMI data from European countries came in line with expectations 🔎

3 November 2025, 7:38 AM

BREAKING: Swiss inflation slows again 📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits