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: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
Market Wrap: A mild breeze of optimism ahead of Jackson Hole
Morning Wrap: Markets freeze before Jackson Hole. Bitcoin back below 80K USD (28.08.2026)
Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)