diff --git a/Makefile b/Makefile
index ade00f9..0253c39 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 # Configuration variables
-VERSION=1.7.5
+VERSION=1.7.6
 PROJ_DIR?=$(shell pwd)
 VENV_DIR?=${PROJ_DIR}/.bldenv
 BUILD_DIR=${PROJ_DIR}/build
diff --git a/dbt/adapters/oracle/__version__.py b/dbt/adapters/oracle/__version__.py
index 0fdcd4c..4fb8d1d 100644
--- a/dbt/adapters/oracle/__version__.py
+++ b/dbt/adapters/oracle/__version__.py
@@ -14,4 +14,4 @@
   See the License for the specific language governing permissions and
   limitations under the License.
 """
-version = "1.7.14"
+version = "1.7.16"
diff --git a/dbt/include/oracle/macros/materializations/incremental/strategies.sql b/dbt/include/oracle/macros/materializations/incremental/strategies.sql
index 97be12b..dad5005 100644
--- a/dbt/include/oracle/macros/materializations/incremental/strategies.sql
+++ b/dbt/include/oracle/macros/materializations/incremental/strategies.sql
@@ -193,7 +193,7 @@
            from {{ temp_relation }})';
         END;
     {%- else -%}
-    insert {%- if parallel -%} /*+parallel({{ parallel }})*/ {%- endif -%} into  {{ target_relation }} ({{ dest_cols_csv }})
+    insert {% if parallel %} /*+parallel({{ parallel }})*/ {% endif %} into  {{ target_relation }} ({{ dest_cols_csv }})
     (
        select {{ dest_cols_csv }}
        from {{ temp_relation }}
diff --git a/dbt_adbs_test_project/models/us_product_delete_insert_append.sql b/dbt_adbs_test_project/models/us_product_delete_insert_append.sql
new file mode 100644
index 0000000..4e17b8d
--- /dev/null
+++ b/dbt_adbs_test_project/models/us_product_delete_insert_append.sql
@@ -0,0 +1,43 @@
+{#
+ Copyright (c) 2024, Oracle and/or its affiliates.
+
+  Licensed under the Apache License, Version 2.0 (the "License");
+  you may not use this file except in compliance with the License.
+  You may obtain a copy of the License at
+
+     https://www.apache.org/licenses/LICENSE-2.0
+
+  Unless required by applicable law or agreed to in writing, software
+  distributed under the License is distributed on an "AS IS" BASIS,
+  WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+  See the License for the specific language governing permissions and
+  limitations under the License.
+#}
+{{
+    config(
+        materialized='incremental',
+        incremental_strategy='delete+insert',
+        parallel=4,
+        partition_config={"clause": "PARTITION BY HASH(PROD_NAME) PARTITIONS 4"},
+        table_compression_clause='COLUMN STORE COMPRESS FOR QUERY LOW')
+}}
+
+SELECT prod_name, channel_desc, calendar_month_desc,
+   {{ snapshot_hash_arguments(['prod_name', 'channel_desc', 'calendar_month_desc']) }} AS group_id,
+   TO_CHAR(SUM(amount_sold), '9,999,999,999') SALES$,
+   RANK() OVER (ORDER BY SUM(amount_sold)) AS default_rank,
+   RANK() OVER (ORDER BY SUM(amount_sold) DESC NULLS LAST) AS custom_rank
+FROM {{ source('sh_database', 'sales') }}, {{ source('sh_database', 'products') }}, {{ source('sh_database', 'customers') }},
+     {{ source('sh_database', 'times') }}, {{ source('sh_database', 'channels') }}, {{ source('sh_database', 'countries') }}
+WHERE sales.prod_id=products.prod_id AND sales.cust_id=customers.cust_id
+  AND customers.country_id = countries.country_id AND sales.time_id=times.time_id
+  AND sales.channel_id=channels.channel_id
+  AND country_iso_code='US'
+
+{% if is_incremental() %}
+
+  AND times.calendar_month_desc > (SELECT MAX(calendar_month_desc) FROM {{ this }})
+
+{% endif %}
+
+GROUP BY prod_name, channel_desc, calendar_month_desc
diff --git a/requirements.txt b/requirements.txt
index a3aa617..85ea959 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,2 +1,2 @@
 dbt-core~=1.7,<1.8
-oracledb==2.2.0
+oracledb==2.2.1
diff --git a/setup.cfg b/setup.cfg
index 79ca43b..6dc7aee 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = dbt-oracle
-version = 1.7.5
+version = 1.7.6
 description = dbt (data build tool) adapter for Oracle Autonomous Database
 long_description = file: README.md
 long_description_content_type = text/markdown
@@ -34,7 +34,7 @@ packages = find_namespace:
 include_package_data = True
 install_requires =
     dbt-core~=1.7,<1.8
-    oracledb==2.2.0
+    oracledb==2.2.1
 test_suite=tests
 test_requires =
     dbt-tests-adapter~=1.7,<1.8
diff --git a/setup.py b/setup.py
index 06d45a3..5a55d7c 100644
--- a/setup.py
+++ b/setup.py
@@ -1,5 +1,5 @@
 """
-Copyright (c) 2022, Oracle and/or its affiliates.
+Copyright (c) 2024, Oracle and/or its affiliates.
 Copyright (c) 2020, Vitor Avancini
 
   Licensed under the Apache License, Version 2.0 (the "License");
@@ -41,7 +41,7 @@
 
 requirements = [
         "dbt-core~=1.7,<1.8",
-        "oracledb==2.2.0"
+        "oracledb==2.2.1"
 ]
 
 test_requirements = [
@@ -59,7 +59,7 @@
 
 url = 'https://github.com/oracle/dbt-oracle'
 
-VERSION = '1.7.5'
+VERSION = '1.7.6'
 setup(
     author="Oracle",
     python_requires='>=3.8',