<\/p>\n\n\n\n
Oil prices rose more than 1% in Asian trading on Monday, supported by OPEC+\u2019s decision to keep production unchanged in the first quarter and by renewed supply concerns linked to geopolitical tensions.<\/p>\n\n\n\n
By 20:52 ET (01:52 GMT), February Brent crude futures<\/strong> were up 1.2% at $63.13<\/strong> per barrel, while WTI crude futures<\/strong> gained 1.2% to $59.27<\/strong> per barrel.<\/p>\n\n\n\n OPEC and its allies (OPEC+) on Sunday reiterated plans to pause production hikes through the first quarter of next year<\/strong>, maintaining around 3.24 million barrels per day<\/strong> in voluntary output cuts.<\/p>\n\n\n\n The group signaled a cautious stance as it faces uneven demand trends<\/strong> and the risk of a potential oversupply in 2026<\/strong>. Markets also reacted to fresh supply risks stemming from U.S. President Donald Trump\u2019s<\/strong> comments on Venezuela<\/strong>, after he said he was considering closing the airspace over the country<\/strong>.<\/p>\n\n\n\n Additional support for crude came from weekend attacks on Russian energy infrastructure<\/strong>, which disrupted export flows. Oil prices rose more than 1% in Asian trading on Monday, supported by OPEC+\u2019s decision to keep production unchanged in the first quarter and by renewed supply concerns linked to geopolitical tensions. By 20:52 ET (01:52 GMT), February Brent crude futures were up 1.2% at $63.13 per barrel, while WTI crude futures gained 1.2% to …<\/p>\n","protected":false},"author":9,"featured_media":53340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-121296","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121296"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121296\/revisions"}],"predecessor-version":[{"id":121297,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121296\/revisions\/121297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}OPEC+ Reaffirms Output Pause<\/h3>\n\n\n\n
OPEC+ also agreed on a mechanism to reassess members\u2019 maximum production capacities between January and September 2026<\/strong>, paving the way for setting baseline quotas for 2027<\/strong>.<\/p>\n\n\n\nTraders Weigh Supply Risks<\/h3>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"