European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Oil prices rose in Asian trading on Tuesday, building on strong gains from the previous session as geopolitical risks signaled potential supply disruptions. Brent crude futures increased 0.8% to $65.17 a barrel, while West Texas Intermediate (WTI) gained 0.9% to $62.04 by 01:19 GMT.
The rally follows heightened tensions in several key regions. Uncertainty over the U.S.-Iran nuclear deal added to market jitters. While reports suggested Washington might permit limited uranium enrichment, President Donald Trump firmly denied such allowances, creating further friction with Tehran. A finalized nuclear agreement would likely lift sanctions on Iranian oil exports, boosting global supply. However, continued disagreements may delay any return of Iranian crude to international markets.
In Canada, wildfires in Alberta—an oil-rich province—threaten to curb output, compounding concerns about global supply tightness. Meanwhile, OPEC+ reaffirmed plans to increase production, aligning with market expectations but doing little to ease long-term supply fears.
Adding to the geopolitical strain, a Ukrainian drone strike deep inside Russian territory raised the risk of further disruptions to energy flows. Simultaneously, the U.S. is reportedly considering tougher sanctions on Russia's oil sector, this time aimed at buyers such as China and India. With Russia demanding territorial concessions from Ukraine and peace talks stalling, the prospects for a ceasefire remain slim. President Trump’s renewed calls for peace were largely dismissed by Moscow, increasing the likelihood of deeper sanctions.
The combination of supply-side risks—from stalled Iran talks, Canadian wildfires, and escalating Russia-Ukraine conflict—has created a bullish outlook for oil, keeping prices elevated amid a volatile geopolitical landscape. Traders continue to monitor these developments closely for their impact on global crude supply and energy markets.
