In early European trading, oil prices rose, but are expected to remain range-bound before Thursday's OPEC+ production policy meeting. Analyists from ANZ Bank stated, "Investors are in a wait-and-see mode, with the general expectation that OPEC will delay the planned production recovery until after January 2025 to rebalance the market and protect prices." Meanwhile, China's expanding factory activity has raised hopes for potential improvement in oil demand. In the Middle East, the ceasefire agreement mediated by the United States between Israel and Hezbollah is being tested, with both sides accusing each other of violations.