Oil prices in the commodities market have increased after OPEC+'s decision to delay a planned production increase. North Sea Brent crude has risen by 1.5 percent, reaching $74.21 per barrel, while US WTI oil is trading 1.6 percent higher at $70.63.

The postponement of the production increase, originally scheduled for December, has surprised many market participants. Analysts at ING Bank suggest that this move may indicate stronger price support from OPEC+, which is currently maintaining a production cut of 2.2 million barrels.

In related market movements, the dollar has weakened ahead of the upcoming US elections, while the SMI index is slightly ahead, reflecting a mixed sentiment in the financial markets.