Russia's Novak says he favors taking OPEC+ extension decision closer to April
In addition the Interfax news agency cited kazakhstan's energy ministry said that Kazakhstan's Kashagan oilfield will resume oil production of 400,000 barrels per day by mid-December.
Oil price sinks nearly 3%. The nearest support to watch is $55.5 handle, where lies the lower limit of Overbalance structure (green rectangle).
Oil WTI H4 interval. Source: xStation5
Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)
Three markets to watch next week (10.07.2026)
BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!
Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions