Energy news

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Brent Crude - Oil Prices Rise as OPEC + Extend Output Cuts

OPEC+ extends oil production cuts, boosting Brent Crude prices above $75 per barrel. OPEC Secretary General expresses optimism about oil demand despite challenges. US Presidential election and potential geopolitical tensions add to market volatility. Technical analysis suggests Brent Crude faces resistance at $76.35, with support around $72.39.

04-11-2024 19:21 GMT by Zain Vawda

Markets Weekly Outlook - US Elections and Central Banks Lead the Way

Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China's Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Read More: GBP/USD Technical: Trendline Break Sets the Stage for Further Downside Week in Review: US Jobs Revised Downward After Positive GDP A mixed week comes to a close as markets deal with renewed geo

01-11-2024 12:27 GMT by Zain Vawda