A little earlier this evening reports circulated around the financial markets from a leading news wire service; that apparently OPEC is considering further output cuts. Now I did warn about that prospect earlier this morning. However, I did not think it might be an OPEC wide decision, more one limited to just Saudi Arabia and Russia and of course nothing has been confirmed yet anyway. That has not stopped the rebound in oil prices from extending further after the European close. The price of Brent for January delivery is now lifting above $80.50, as the final NYMEX settlement of the week looms a little closer. According to the report from Reuters, citing OPEC sources, the matter is to be discussed at the next OPEC meeting on November 26. Brent crude for January settlement is just now trading at $80.64
Another important number for the EUR/USD to focus on at 3pm GMT
Leaving aside the latest ISM data due out shortly, there is also another important release due out at the same time. That is the latest JOLTS, job...
US stocks open lower- Dow Jones drops back closer 36k
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Nasdaq 100 futures still in the red as ISM awaits
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