- OPEC+ core members agreed to keep production steady for December.
Seven core OPEC+ members kept December production unchanged at a virtual meeting, with oil above $100 a barrel and Gulf shipping threats keeping freight and insurance costs elevated. Brent settled above $113 on Friday; WTI near $104. The group faces a possible US military campaign against Iran after the midterms, and alternative export routes are increasingly used to bypass the Strait of Hormuz. Next meeting is Nov. 29 for January output.
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