U.S. Oil Stocks Gain as OPEC+ Supply Fears Ease
Energy stocks rallied as Brent crude climbed 1.7% to $67.13 and WTI ROSE 1.8% to $62.96, defying expectations of an OPEC+ production surge. The group's modest October increase of 137,000 bpd—far below prior months' hikes—calmed markets. Geopolitical tensions and demand concerns continue to shape oil's fragile equilibrium.