Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil prices extended their decline in Asian trading on Monday, pressured by weak demand outlooks and expectations of an oversupplied market. Despite geopolitical tensions in the Middle East, both Brent and West Texas Intermediate (WTI) crude futures remained near five-month lows.
Brent crude for December delivery slipped 0.3% to $61.11 per barrel, while WTI fell 0.4% to $57.33 per barrel by 20:40 ET (00:40 GMT). Both benchmarks dropped over 2% last week, reflecting continued market pessimism over global energy demand.
Although hostilities flared between Israel and Hamas over the weekend, oil prices saw limited upside. Israel confirmed the resumption of a U.S.-brokered ceasefire in Gaza after retaliatory attacks left two Israeli soldiers and nearly 30 Palestinians dead. The truce, originally agreed upon in early October, had already dampened oil’s risk premium by reducing fears of broader regional disruption.
Investor focus also shifted to U.S. diplomatic efforts to mediate ceasefires between Russia and Ukraine, and renewed trade tensions between Washington and Beijing. These global uncertainties have compounded existing worries about slowing consumption and growing inventories.
The International Energy Agency (IEA) recently issued a bearish outlook, warning that consistent production hikes by OPEC and its allies could trigger a supply overhang as early as 2026. Meanwhile, sluggish economic data from top oil importer China, including the upcoming third-quarter GDP report, added to fears of softening demand.
In the U.S., the ongoing government shutdown has delayed key economic data releases and weighed on local fuel demand. Despite occasional support from conciliatory U.S.-China statements, traders remain cautious as rising output and weakening consumption threaten to deepen the oil market’s downturn.
