By Emily Chow

SINGAPORE (Reuters) -Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions.

Brent crude futures rose 63 cents, or 1%, to $65.16 a barrel by 2310 GMT, while U.S. West Texas Intermediate crude was at $61.46, up 58 cents, or 1%.

“The price jump has primarily been boosted by OPEC+’s decision for a lower-than-expected production hike next month as the group intended to buffer the recent slump in oil markets,” said independent analyst Tina Teng.

“However, crude prices will likely remain weak due to the gloomy global economic outlook,” she added.

On Sunday, the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers said i

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