Crude Oil Futures Prices in India Rise as OPEC+ Increases Output for November

Crude oil futures in India edged higher on October 8, 2025, following OPEC+’s latest decision to modestly increase oil production quotas for November. The move, aimed at balancing market stability and regaining market share, comes amid cautious global demand projections.

OPEC+ Announces Controlled Output Hike

OPEC+ members, including Saudi Arabia and Russia, agreed to raise oil production by 137,000 barrels per day starting November. The increase was lower than what analysts had anticipated, signalling a cautious approach by the alliance as it seeks to stabilise prices without disrupting the fragile demand outlook. The decision also underscores OPEC+’s intent to reclaim some of the market share lost to non-member producers.

Oil Prices Edge Higher in Asian Trade

Oil prices moved up in Asian trading on Wednesday as traders evaluated a mixed U.S. inventory report and focused on the global supply outlook. As of 22:11 ET (02:11 GMT), Brent crude futures for December delivery rose 0.7% to $65.91 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.8% to $62.23 per barrel.

Crude Oil Futures Trade Higher on MCX

As of 9:24 AM IST on October 8, 2025, crude oil futures for October 20 expiry were trading at ₹5,537 per barrel on the Multi Commodity Exchange (MCX), marking a rise of ₹57 or 1.04% from the previous close of ₹5,480. The contract opened at ₹5,515 and moved within a range of ₹5,515–₹5,543 during the session. 

The spot price stood higher at ₹5,664 per barrel, reflecting a mild premium in the physical market. Trading volumes were recorded at 1,367 lots, while open interest declined 6.72% to 13,308 contracts, suggesting mild profit booking by traders after recent gains. The average traded price during the session was ₹5,534.61 per barrel.

Crude Oil Compared With Other Oil and Energy Commodities

Note: The data compiled is as of October 8, 2025 at 9.29 A.M.

Read more:Jaiprakash Associates Shares in Focus; Reports Financial Indebtedness of ₹55,371 Crore

Conclusion

With Brent crude trading below $65 per barrel last week, traders remain watchful of how OPEC+’s production adjustments will influence global supply-demand dynamics. The moderate price rise in Indian crude oil futures reflects optimism that demand will remain steady even as production increases slightly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.