Core Viewpoint - OPEC+ announced a lower-than-expected production increase for November, leading to a rise in crude oil prices, but weak demand outlook may limit short-term price gains [2] Group 1: Price Movements - Brent crude futures rose by 80 cents, or 1.2%, to $65.33 per barrel [2] - West Texas Intermediate (WTI) increased by 76 cents, approximately 1.3% [2] Group 2: OPEC+ Production Decisions - OPEC+ decided to increase daily production by 137,000 barrels starting in November, maintaining the same increase level as October [2] - Despite Russia's support for the 137,000-barrel increase, Saudi Arabia preferred a larger increase to regain market share [2] Group 3: Market Sentiment and Outlook - Concerns over oversupply have led to a decline in the region's premium to a 22-month low [2] - Analysts expect that the upcoming refinery maintenance season in the Middle East will help suppress oil prices [2] - Weak demand fundamentals for the fourth quarter are another factor limiting market upside potential [2]