BREAKING: OPEC ministers agree to 1.5 mb output cut

According to latest reports, OPEC delegates agreed to cut output by an additional 1.5 million barrels per day. Oil price jumped on the news and Brent tested $51.80 in a knee-jerk move before pulling back. The proposal is conditional on Russia’s support but it is highly questionable whether Russia will bow to the proposal tomorrow.

Brent jumped on output cut news and tested downward trendline in the $51.80. However, crude price pulled back later on as the cut is said to be conditional on Russia’s support. Source: xStation5

11 November 2026, 9:53 AM

Chart of the day 🚩 Cocoa sell-off continues. Record ICE inventories and index rebalancing in focus (11.11.2026)

10 November 2026, 6:47 PM

Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

10 November 2026, 5:12 PM

Sharp retreat from gold. Higher US CPI opens the door to a 50 bps rate hike in the US

10 November 2026, 10:34 AM

🚩 Oil falls 2% to its lowest level since late August. What’s next?

Commodities

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