European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil prices edged higher on Tuesday after OPEC+ announced a smaller-than-expected production increase, while growing speculation about new sanctions on Russia added further support.
Brent crude rose 22 cents, or 0.33%, to $66.24 a barrel at 0005 GMT, while U.S. West Texas Intermediate (WTI) gained 24 cents, or 0.39%, to $62.50. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed to raise production in October by 137,000 barrels per day. This is significantly lower than the recent monthly increases of 555,000 bpd in August and September, and 411,000 bpd in July and June, surprising analysts who had anticipated a larger boost.
According to ANZ senior commodity strategist Daniel Hynes, the move signals a reversal of cuts initially planned to last until 2026, following the swift return of previously idled barrels. The restrained output increase comes at a time when supply concerns are already elevated due to geopolitical tensions.
Market sentiment was further lifted by prospects of fresh sanctions on Russia. The measures are under discussion after Russia launched its largest airstrike on Ukraine, igniting a government building in Kyiv. U.S. President Donald Trump indicated readiness to advance to a second phase of restrictions, while the European Union’s top sanctions official visited Washington to coordinate what could be the first joint U.S.-EU measures since Trump’s return to office. Any further sanctions are expected to curb Russian oil exports, tightening global supply and supporting higher crude prices.
Meanwhile, the U.S. Federal Reserve’s upcoming Federal Open Market Committee meeting has traders pricing in an 89.4% chance of a quarter-point rate cut. Lower borrowing costs could boost economic growth and energy demand, providing additional tailwinds for oil prices.
