Most Gulf markets fall as OPEC+ delays oil output hike
Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December oil output increase by one month.
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
Oil rises as OPEC+ delays production hike and Iran escalates retaliatory rhetoric
Brent rose as much as 2.5 per cent to more than US$74 a barrel, while West Texas Intermediate climbed above US$71. The Kingdom of Saudi Arabia and its allies delayed a series of monthly output hikes until early next year, a move anticipated by many traders amid fragile market conditions.
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.
OPEC Extends Its Oil Output Cuts by One Month Until the End of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year
Oil Gains 2% as OPEC+ Further Delays Output Hike
Oil prices gained more than 2% after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.
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Halliburton Is A Macro Barometer
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