For the first time in six years OPEC talks ended without a deal. Russia has rejected the offer of additional cuts. The price of WTI oil has broken lows from 2018. The main question which may be asked now is if the OPEC+ will even extend current production cuts agreement. Without it, there is a possibility to fall in vicinity od 30 USD per barrel.

Chart of the day - OIL (03.11.2025)
Morning wrap (31.10.2025)
Daily Summary: ECB, FOMC and MAG7 - mixed signals and risk aversion
BREAKING: EIA gas inventories change slightly above expectations. NATGAS increase after EIA data 📌