Global Markets Navigate OPEC+ Output, US Diplomacy, and Economic Warnings

Key TakeawaysOPEC+ has agreed to a modest oil output increase of 137,000 barrels per day (bpd) starting in November, a decision reflecting internal divisions with Russia resisting large hikes and Saudi Arabia favoring a cautious approach amidst demand slowdown concerns.US Secretary of State Marco Rubio indicates significant progress in negotiations for the release of hostages held by Hamas, stating that 90% of the details have been resolved and expressing hope for finalization "very quickly, early this week ...