Oil Gains in Asia as Traders Weigh OPEC+ Output Hike

Commodities

Oil Gains in Asia as Traders Weigh OPEC+ Output Hike

Published on September 8, 2025

Oil prices edged higher in early Asian trade Monday, even as OPEC+ prepares to boost production again in October.

WTI crude futures rose 0.5% to $62.18/bbl, while Brent gained 0.5% to $65.85/bbl.

Analysts at ANZ Research noted that crude has remained resilient despite rising OPEC supply, largely thanks to China’s stockpiling. But they cautioned that this support may fade as Beijing—the world’s biggest importer—slows its buying.