European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil prices climbed in Asian trading Tuesday after the U.S. imposed fresh sanctions targeting Iran’s oil sector, raising concerns over potential supply disruptions.
Brent crude futures rose 0.6% to $75.19 per barrel, while West Texas Intermediate (WTI) gained 0.7% to $70.92.
The U.S. Treasury Department’s latest sanctions target over 30 entities and individuals involved in Iran’s oil supply chain, including brokers and tanker operators in the UAE, Hong Kong, and China. This move intensifies Washington’s pressure on Tehran, aiming to curb its petroleum exports, particularly to major buyer China. Treasury Secretary Scott Bessent warned of severe sanctions risks for those dealing in Iranian oil.
Oil markets reacted with modest gains as investors weighed the impact of these restrictions on global supply. However, uncertainty lingers as geopolitical shifts may counteract bullish sentiment.
Possible cease-fire agreements between Russia-Ukraine and Israel-Hamas could ease supply concerns, offsetting price gains. Meanwhile, OPEC+ is reportedly reconsidering plans to ramp up production due to weak demand and growing non-OPEC supply. Originally set for April 2025, production hikes have been repeatedly delayed, supporting prices.
Despite these factors, analysts project the global oil market to return to surplus next year, potentially driving prices lower. Additionally, the resumption of Iraqi oil exports from the Kurdish region may further influence market dynamics.
With heightened geopolitical tensions and shifting supply-demand forces, the oil market remains volatile, keeping investors on edge.
