Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil prices edged higher on Thursday, breaking a three-day losing streak and rebounding from 16-week lows, as investors weighed the possibility of tighter sanctions on Russian crude. However, optimism was capped by expectations of increased supply from an OPEC+ output boost starting next month.
Brent crude futures rose 15 cents, or 0.2%, to $65.50 a barrel by 0116 GMT, while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to $61.92 a barrel. Both benchmarks had dropped about 1% on Wednesday, with Brent closing at its lowest level since June 5 and WTI since May 30.
Analysts noted that buying interest resurfaced as WTI approached the $60 support level. Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment, said geopolitical tensions and speculation over stricter restrictions on Russian oil flows provided some support.
The Group of Seven (G7) finance ministers announced plans to intensify pressure on Russia by targeting buyers of Russian crude and entities aiding in sanctions evasion. Adding to this, the U.S. is set to provide Ukraine with intelligence to aid long-range missile strikes on Russian energy infrastructure, potentially disrupting refineries and pipelines critical to Moscow’s oil revenues, according to the Wall Street Journal.
Despite these bullish factors, broader concerns weighed on markets. Fears of a U.S. government shutdown raised worries over global economic growth. Meanwhile, OPEC+ may agree to boost oil production by up to 500,000 barrels per day in November, triple the increase set for October, as Saudi Arabia seeks to recapture market share. This comes at a time when both U.S. and Asian demand show signs of slowing.
On the supply front, U.S. crude inventories increased by 1.8 million barrels last week to 416.5 million, above market expectations of a 1 million-barrel rise, according to the Energy Information Administration (EIA). Gasoline and distillate stockpiles also grew as refining activity weakened, signaling softer demand.
The oil market remains caught between geopolitical risks that could tighten supply and the reality of growing inventories and potential OPEC+ output increases that may pressure prices further.
