Oil prices hit their longest continuous rise in over a month! OPEC+ decided to temporarily halt production increases in the first quarter of next year to address the risks of a slow demand season and oversupply.

According to the latest information from the Wisdom Financial APP, OPEC+ has decided to temporarily suspend production increases in the first quarter of next year in response to the goal of balancing market share expansion and the increasingly evident signal of oversupply. However, the alliance will still slightly increase production next month.