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[OPEC+ Suspends Production Increases, Boosting Market; International Oil Prices Rise] 1. International oil prices rose significantly during Monday's Asian trading session. This increase was mainly due to the latest production decision reached by OPEC+ over the weekend. The organization decided to suspend its planned production increases in the first quarter of next year to address persistent market concerns about oversupply, injecting short-term confidence into the crude oil market. 2. West Texas Intermediate (WTI) crude oil futures are currently up 0.45%, trading around $61.25 per barrel, having earlier touched a high of $61.48. The price rebound reflects the market's positive response to OPEC+'s supply management measures, easing the downward pressure previously caused by weak demand and increased production. 3. Helima Croft, an analyst at RBC Capital Markets, pointed out that OPEC+'s cautious approach in the face of potential weak demand and supply uncertainty in the first quarter is reasonable. She further emphasized that Russian energy supply remains a key variable affecting the global oil market, especially against the backdrop of US sanctions against its oil companies and continued attacks on related energy facilities. 4. Although OPEC+ is attempting to stabilize the market through supply adjustments, multiple factors continue to limit the upside potential of oil prices. Surveys show that most analysts maintain a stable outlook for oil prices in 2025, believing that rising OPEC+ production targets offset weak demand, limiting significant price fluctuations. The current forecast for the average Brent crude oil price in 2025 is $67.99 per barrel. 5. Meanwhile, US oil and gas production reached a record high in August. This data exacerbated market concerns about oversupply and highlighted that while OPEC+ strives to balance the market, the production dynamics of other oil-producing countries also significantly influence oil price trends.