Energy news

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Oil eyes OPEC+, gold under pressure
Calling OPEC+ bluff? It's not just the resolve of Japan’s Ministry of Finance that's being tested by the markets at the moment, with oil prices trading not far from their late summer lows despite the warning shot from OPEC+ earlier this week. While the 100,000 barrel cut wasn't fundamentally significant, it was clearly intended as a warning not to drive the price lower or face further cuts.
by Craig Erlam
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Brent edges lower after OPEC, gold rises
Brent steadies after OPEC+ boost Brent crude is a little lower today after seeing decent gains at the start of the week following the OPEC+ output announcement. The decision to reverse the 100,000 barrel per day increase in September was more symbolic than fundamentally significant, in that it doesn't really change the dynamics in the market but it will make traders think twice about driving prices lower in the way they have recently. The disturbing global economic outlook combined with the pros
by Craig Erlam
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