Analysis: Crude prices under pressure as 2026 outlook signals surplus

Core Insights - Oil prices increased by more than 1% on Monday following OPEC+'s decision to implement only a modest production increase for November [1] - Despite the rise in oil prices, the underlying market surplus is expected to limit any significant upward momentum [1] Group 1 - OPEC+ agreed to a modest increase in oil production for November [1] - The market is currently experiencing a surplus, which may suppress price increases [1]