Oil prices rose more than 1% on Monday after the planned OPEC+ increase in production for November was weaker than expected, easing investors’ concerns about an oversupply in the market.

In particular, Brent crude futures increased by 94 cents, or 1.46%, closing at $65.47 per barrel, while U.S. West Texas Intermediate (WTI) futures closed at $61.69 per barrel, up 81 cents, or approximately 1.33%.

Today, prices continued to rise — Brent increased by 0.41% to $65.74 per barrel, WTI reached $61.93, up approximately 0.39%. Azeri Light is trading at $72.33 (+0.71%).