Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil prices held steady in Asian trading on Tuesday after a strong rally in the previous session, as investors evaluated the implications of a smaller-than-expected OPEC+ production increase. As of 21:44 ET (01:44 GMT), Brent crude futures for September delivery rose 0.2% to $65.60 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.2% to $61.80 per barrel. Both benchmarks advanced over 1% on Monday, rebounding from a sharp weekly loss after OPEC+ announced only a modest supply boost, easing fears of a sudden market glut.
The OPEC+ alliance, which includes Russia, agreed to raise production by about 137,000 barrels per day—continuing the cautious pace set last October. The decision signaled the group’s ongoing focus on price stability rather than market share expansion. Analysts at ING noted that the alliance’s conservative approach reflects expectations of a possible supply surplus later this year and in 2026, as demand growth slows amid economic weakness in China and Europe.
According to the International Energy Agency (IEA), global oil production could rise by more than 2 million barrels per day next year, driven by both OPEC+ and non-OPEC producers such as the United States and Brazil. However, demand is expected to remain subdued, creating the risk of a growing surplus that could weigh on prices in the medium term.
Oil prices also found support from escalating geopolitical tensions. Ukraine’s intensified drone attacks on Russian refineries in Kirishi and Ryazan disrupted fuel processing, tightening Russia’s export capacity and adding upward pressure on crude prices. Meanwhile, the ongoing U.S. government shutdown since October 1 has delayed key economic data releases, clouding the Federal Reserve’s policy outlook and increasing caution among investors. The resulting uncertainty continues to temper bullish sentiment in oil markets, as concerns mount over broader economic risks.
