3:42 PM · 30 November 2023

BREAKING: OPEC+ agrees on extra output cuts

Oil moved higher on headlines saying that OPEC+ agreed on output cuts. Saudi Arabia will extend its voluntarily 1 million bpd output cut while OPEC+ will also make additional million bpd output cut on top of that. Such an outcome was strongly hinted by media reports yesterday and earlier today and therefore market reaction is fairly muted. Brent (OIL) jumped around 0.6% on the news and did not even manage to paint a fresh daily high. A big part of the move was erased already.

Source: xStation5

8 May 2026, 6:39 PM

Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf

8 May 2026, 4:55 PM

🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)

8 May 2026, 9:33 AM

Chart of the day: SILVER doesn't give up 📈 Capital flows back to the market 🔍

8 May 2026, 7:02 AM

Morning wrap: Indices climb despite shots fired in the Strait of Hormuz 📈 💥

Commodities

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