Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil prices held steady on Thursday after the U.S. Federal Reserve cut its benchmark interest rate as expected and signaled more reductions later this year. Brent crude slipped 0.12% to $67.87 a barrel, while U.S. West Texas Intermediate (WTI) fell 0.16% to $63.95.
The Fed lowered its policy rate by a quarter percentage point on Wednesday, highlighting concerns over a weakening labor market. Analysts suggest cheaper borrowing costs could stimulate economic activity, lifting oil demand. According to Rystad Energy’s chief economist Claudio Galimberti, Brent may see support from further Fed cuts despite bearish pressure from OPEC+ increasing supply.
On the supply side, U.S. Energy Information Administration (EIA) data showed crude inventories dropped sharply last week, with net imports at record lows and exports hitting a two-year high. However, distillate stocks rose by 4 million barrels—far exceeding the expected 1 million increase—raising concerns about demand in the world’s largest oil consumer.
Global oil demand averaged 104.4 million barrels per day through September 17, according to JP Morgan, marking a year-on-year rise of 0.52 million barrels. Year-to-date demand growth stands at 0.8 million barrels, nearly in line with the bank’s forecast of 0.83 million. The bank noted easing flight activity in the U.S. and China after the peak travel season, offset by growing demand in Europe, the Middle East, and Latin America.
Overall, while OPEC+ supply growth may pressure prices, the Fed’s accommodative policy stance and resilient global demand suggest underlying support for oil markets in the months ahead.
