China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Trump Administration Plans Major Rollback of Biden-Era Fuel Economy Standards 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Oil prices edged lower on Tuesday as concerns about global supply eased following the restart of crude loadings at Russia’s Novorossiysk export hub. The facility had halted operations for two days after a Ukrainian drone and missile strike, but activity resumed sooner than expected, according to industry sources and LSEG data. Brent crude slipped 0.4% to $63.92 per barrel, while U.S. West Texas Intermediate (WTI) dipped 0.4% to $59.65.
Analysts noted that the quick resumption of exports helped cool the price rally triggered late last week, when the temporary shutdown of Novorossiysk and the nearby Caspian Pipeline Consortium terminal—together supplying roughly 2.2 million barrels per day, or about 2% of global supply—pushed crude prices up more than 2%. IG analyst Tony Sycamore said the market reacted as loadings “resumed sooner than expected,” easing immediate supply fears.
With operations normalizing, traders have shifted their focus back to the broader implications of Western sanctions on Russian oil flows. The U.S. Treasury said restrictions imposed in October on major producers Rosneft and Lukoil are already squeezing Moscow’s revenues and are expected to gradually reduce export volumes. ANZ analysts added that Russian crude is now trading at a notable discount to global benchmarks as buyers factor in geopolitical and compliance risks.
Meanwhile, political pressure surrounding Russia continues to intensify. A senior White House official said President Donald Trump is prepared to sign new sanctions legislation as long as he maintains final authority over enforcement. Trump also revealed that Republicans are drafting a bill targeting any country conducting business with Russia, potentially widening penalties to include Iran.
Looking ahead, Goldman Sachs expects oil prices to trend lower through 2026 due to an anticipated surge in global supply. However, the bank noted that Brent crude could rebound above $70 per barrel in 2026 or 2027 if Russian production declines more sharply than forecast.
