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Brent crude spikes higher following reports of delayed OPEC output increase
A short while ago oil prices jumped higher on reports that OPEC is planning to delay the planned output increases set for next month. This news has not as yet been confirmed by OPEC. However the reports on the news wires sent the price of Brent for November delivery screaming higher. Prior to that Brent had slumped to a new session low around $72.65, but it was already on the rebound when these news reports emerged. The price subsequently lifted to a high at $74.69, but it has just backed off that now. Brent is currently trading at $74.05
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USD/JPY on the drift lower again as markets wait nervously
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US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
