On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a potential 500,000 bpd increase. So far this year, the OPEC+ alliance has increased its output targets by more than 2.7 million bpd, representing approximately 2.5 % of global demand. The group clea ...

The broader Topix index also advanced 2.3%, buoyed by investor optimism that Takaichi will continue Abe’s pro-market and stimulus-heavy economic policies.Hong Kong's Hang Seng index edged 0.1% lower to 27,119.36, while Australia’s S&P/ASX 200 was largely unchanged at 8,984.70.Markets in mainland China, Taiwan, and South Korea remained shut for holidays, AP reported.The yen weakened against the US dollar, falling to 149.79 per dollar from 149.33 a day earlier, amid expectations that Takaichi could introduce ...

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 ...

Key TakeawaysRussia launched a massive missile and drone assault on Ukraine, killing at least 5 people and injuring 14, following a reported 38% surge in attacks during September.OPEC+ is nearing an agreement for a modest increase in November oil supply, with a base case of 137,000 barrels per day (bpd), despite a projected global oil surplus and Brent crude trading near $65 a barrel.The Washington D.C. housing market is under significant strain as a federal government shutdown, which began on October 1st, ...

A view of the U.S. Capitol, following a partial government shutdown in Washington, D.C., U.S., October 2, 2025. REUTERS/Nathan Howard Purchase Licensing Rights, opens new tab LONDON, Oct 3 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Sign up here. Hello Morning Bid readers! Global equity markets mostly shrugged off the U.S. government shutdown this week, with all three major U.S. indices recording record highs on Thursday and Asian and ...

Crude oil prices were on course to book their steepest decline in four months following reports that OPEC+ was about to extend its production boost for another month at its Sunday meeting. At the time of writing, Brent crude was trading at $64.53 per barrel, with West Texas Intermediate at $60.86 per barrel. Both were up slightly from Thursday’s close but had been trending lower since Monday, with Brent crude shedding 8.3% since the start of the week and WTI declining by 7.6%, according to Reuters. The ...

LIVE Stock Market Today: Nasdaq Rises to New High Last Updated: 1 hour ago Oil Falls More Than 1.5% on Oversupply Concerns By Giulia Petroni, Dow Jones Newswires Oil prices fall, extending a four-day decline streak, with Brent crude down 1.5% at $64.36 a barrel and WTI sliding 1.6% to $60.77 a barrel. "The bigger swing factor remains supply policy," says Pepperstone's Felipe Barragan. "Markets are still digesting reports that OPEC+ could accelerate its scheduled increases--in size and timing--into November. ...

Crude oil benchmarks were trading even lower midday Wednesday, at prices lower than they’ve dipped for several months, even as OPEC+ emphasizes that it is committed to a calibrated increase in crude output, rejecting media speculation of a sweeping jump in inventory. Still, it involves additional supply, and as of the time of writing, that continued to put downward pressure in markets already showing signs of strain. The expanded cartel’s decision to add barrels amid soft demand has empowered the bears ...

Benchmark indices Sensex and Nifty closed lower on Tuesday after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead of the RBI's interest rate decision.Photograph: Hemanshi Kamani/ReutersGiving up early gains, the 30-share BSE Sensex declined 97.32 points or 0.12 per cent to settle at 80,267.62.During the day, it hit a high of 80,677.82 and a low of 80,201.15. In eight trading days, the Sensex has tanked 2,746.34 points ...

By Anjana Anil (Reuters) -Oil prices are expected to hold almost steady this year despite mounting supply from both OPEC+ and non-OPEC producers, with concerns about a potential glut tempered by uncertainty over Russian output, a Reuters poll showed on Tuesday. A survey of 32 economists and analysts conducted in September forecasts Brent crude will average $67.61 per barrel in 2025, just 4 cents below last month’s forecast. Brent, which was at $67.22 early on Tuesday, has averaged around $69.90 so far t ...