Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
German Industry Employment Falls to Lowest Level in a Decade 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Oil prices rose sharply in early Asian trading Monday following OPEC+’s decision to stick with its expected output increase. The group confirmed it would raise oil production by 411,000 barrels per day (bpd) in July, marking the third consecutive monthly hike of the same size. This move helped stabilize market sentiment after last week’s losses.
Brent crude futures climbed $1.06, or 1.69%, reaching $63.84 a barrel by 2244 GMT. U.S. West Texas Intermediate (WTI) crude gained $1.16, or 1.91%, to trade at $61.95 per barrel.
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, had been widely expected to maintain this level of production growth. Some market watchers had speculated about a larger-than-anticipated hike, which could have triggered a sharper market reaction.
Analyst Harry Tchilinguirian of Onyx Capital Group commented on LinkedIn that a surprise larger increase would have likely caused a significant price drop at Monday’s open. However, the group's decision to maintain the steady pace of output gains reassured traders and avoided market volatility.
Oil prices had slipped over 1% last week, as traders anticipated the outcome of the OPEC+ meeting. Monday’s price rebound reflects the market’s relief that the production hike aligned with forecasts, preventing an oversupply scenario.
By holding to a gradual increase, OPEC+ appears to be balancing its goals of regaining market share while managing price stability and punishing members who exceed production limits. The move signals the alliance’s intent to support crude prices amid ongoing global demand recovery.
