Oil rises on fading oversupply fear after OPEC+ restrains output increase

Core Viewpoint - Oil prices have increased in early trading as markets begin to overlook concerns about oversupply, following OPEC+'s decision to limit production increases for November [1] Group 1 - Oil prices are showing an upward trend in early trade on Wednesday [1] - The market reaction indicates a temporary easing of fears regarding oversupply [1] - OPEC+ has made a decision to restrain production increases for the month of November [1]