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
🔼 Oil gains 2%
🔼 Gold surges 2.5% in euphoria, reaching its highest level since June 5 as treasuries yields fall
Will Europe make it before winter?
Daily Summary: Nasdaq at 1-week low, gold and silver erase gains (18.08.2026)