OPEC+ agrees to stick to existing oil output plan, sources say

OPEC and its allies agreed to stick to their existing agreement to add 400,000 b/d of oil to the market in November. This is despite pressure from consumers as the price of benchmark Brent crude has surged above $80. That price is more than 50% higher than at the start of the year, which has been pushed up due to supply disruptions, and surging demand amidst an economic recovery from the COVID-19 pandemic.