Eight OPEC+ countries will increase output by 137,000 barrels per day in December, pausing for three months. Seasonality cited for decision to halt production increases in early 2026. Move allows countries to “accelerate their compensation.” Brent crude and WTI prices at five-year lows due to oversupply and economic uncertainty. U.S. sanctions on Russia’s top oil companies also impacting market.

Read more at Barron’s: OPEC Taking ‘Cautious Approach’ to Oil Production