Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
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 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil prices fell on Tuesday as renewed supply concerns weighed on the market. Brent crude futures for November delivery dropped 54 cents, or 0.8%, to $67.43 a barrel by 03:20 GMT before expiring, while the more active December contract slipped 53 cents to $66.56. U.S. West Texas Intermediate (WTI) crude also declined, losing 50 cents, or 0.8%, to $62.95 per barrel.
The decline followed Monday’s sharp losses, when Brent and WTI both fell more than 3%, marking their steepest daily drop since August 1, 2025. Analysts pointed to expectations of fresh output from OPEC+ and the resumption of crude flows from Iraq’s Kurdistan region to Turkey as the main drivers of bearish sentiment.
Exports from northern Iraq resumed on Saturday for the first time in over two years, after an interim deal ended a long-standing deadlock. Meanwhile, OPEC and its allies, including Russia, are preparing for a meeting this weekend, where sources suggest the group is likely to approve an additional production increase of at least 137,000 barrels per day for November. Analysts warn that although OPEC+ production still falls short of its official quotas, markets remain uneasy about further supply.
At the same time, traders are balancing oversupply concerns with risks tied to Ukraine’s ongoing drone attacks on Russian refineries, which threaten to disrupt energy output. Adding pressure, fears of a U.S. government shutdown have amplified demand worries, with ANZ analysts noting that economic uncertainty could weaken consumption. A shutdown would also delay key economic data, including the payrolls report crucial for Federal Reserve policy decisions.
Elsewhere, U.S. President Donald Trump secured Israeli Prime Minister Netanyahu’s support for a Washington-backed Gaza peace plan, though Hamas’s position remains unclear. While geopolitics add complexity, the market’s immediate focus is on rising supply and its impact on oil demand outlooks.
