Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Holiday Economic Questions: What Bank of America Says You Should Expect 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Rebound After Sharp Decline
Oil prices rose in Asian markets on Wednesday, recovering from the previous session's 4% drop. The decline followed reports of the Lebanese group Hezbollah seeking a ceasefire with Israel, hinting at possible de-escalation in the ongoing Middle East conflict.
U.S. Inventory Surge Limits Gains
Despite the recovery, oil prices faced pressure due to a significant build in U.S. oil inventories. The American Petroleum Institute (API) reported a 10.9 million barrels increase, far exceeding expectations of 1.95 million barrels. This raised concerns over weakening U.S. fuel demand, especially in the wake of hurricanes affecting the mid-South.
Hurricane Milton and Oil Supply Concerns
Traders also monitored Hurricane Milton, a category-5 storm expected to make landfall in Florida. While the hurricane is unlikely to impact Gulf of Mexico oil operations, any potential disruptions are being closely watched.
Middle East Conflict Remains a Key Factor
The Middle East conflict continues to influence oil prices. Reports of a potential ceasefire between Hezbollah and Israel could ease concerns over oil supply disruptions. However, tensions remain high, with the possibility of further escalations in the region.
Conclusion
Oil prices are reacting to a combination of U.S. inventory data, global supply concerns, and geopolitical tensions. While prices saw a slight recovery, market volatility is expected to continue in the near term.
