Analyst: Even with oversupply, it is expected that OPEC will not reduce production next year.

According to the Wise Finance APP, although some forecasts suggest that global oversupply may further push down oil prices, oil traders are not expecting OPEC+ to cut production next year. Furthermore, although many people expect global crude oil oversupply next year, they believe that this oversupply may not be enough to lower oil prices or force OPEC+ to reverse the production increases implemented earlier this year.