Market Update

Three sources from OPEC+ told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115 percent in September. The figure shows that some members are still facing production problems according to their agreed quotas due to various technical problems.

NYMEX crude prices rose during those moments from their highest levels since the beginning of October 2014, as they rose to levels of 83.73 dollars per barrel, an increase of about 1.5 percent. While the benchmark Brent crude broke the levels of 86 dollars for the first time since mid-October …

Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on …

European stocks were lower on Monday after rising commodity prices raised concerns sparked by a deepening energy crisis, while weak weekly data from China kept fears of slowing economic growth. The pan-European STOXX 600 index fell 0.4 percent by 0707 GMT after an upbeat start to the quarterly earnings season …

Negativity dominated the performance of Asian stocks after the release of key Chinese economic data. Japanese stocks closed slightly lower Monday, October 18, as investors took profits after the latest rally, but automakers gained after Toyota hinted that it might meet its full-year production target despite a lack of chips. …

Japanese stocks closed slightly lower on Monday, October 18th, as investors took profits after the latest rally but car makers posted gains after Toyota hinted that it may meet its full-year production target despite a lack of chips. Investors have also been cautious as uncertainty grows over China’s economy as …

The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates. In the Asian session, the dollar rose slightly, tracking US bond yields, halting the decline it suffered last week. It rose about 0.2 percent against …

China’s economy posted its slowest pace of growth in a year in the third quarter, weighed down by electricity shortages, supply chain bottlenecks, major fluctuations in the real estate market, and increasing pressure on policymakers to do more to support a faltering recovery. Data published on Monday showed gross domestic …

The head of the ECB banking supervision, Andrea Enria said there has been “an increase in vulnerabilities” in some countries’ residential real estate and an increase in cheap loans, have overheated the real estate market in many places, leading to an increased risk of a bubble.The European Central Bank has …

Baker Hughes data on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 to 445 this week. This data followed increases throughout the last five weeks.Active U.S. rig count, including natural gas ones, climbed by 10 to stand at a total of 543 according …