On Monday, October 13th, the Organization of the Petroleum Exporting Countries (OPEC) released data showing that Russia's oil production increased to 9.321 million barrels per day in September, an increase of 148,000 barrels per day from August, as major global oil producing countries continued to increase production.

Russia's oil production increased by 148,000 barrels per day to 9.321 million barrels per day, indicating sustained global supply growth that may exacerbate market oversupply and lower oil prices. Combined with current market concerns about OPEC's production increase trend, this data reinforces the risk of oversupply and has a significant negative impact on both crude oil spot and futures (such as China SC crude oil futures).

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