WTI rebounds firmly to $76 as OPEC+ seen keeping oil output policy unchanged

OPEC and its allies (OPEC+) are likely to maintain their current oil output policy of adding 400,000 barrels per day (bpd) to the market in November, Reuters reports, citing three OPEC+ sources.

This comes ahead of the alliance’s online meeting at 1300 GMT amid speculations of a further increase in OPEC+ supply to stem the rallying in oil prices.

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