23:15:10
Participants said Brazil will join OPEC+ next year.
23:09:36
Energy Intelligence Group reporter Amena Bakr: Brazil may join OPEC+.
23:01:59
Market News: OPEC+ ministers begin meeting on 2024 production.
23:00:02
The annual rate of the U.S. existing home contracted sales index in October was -6.6%, expected -8.80%, and the previous value -13.10%.
22:52:36
According to the Financial Times: The UAE will launch a US$30 billion investment fund at COP28.
22:50:38
Algerian Energy Minister: OPEC+ may meet again before the end of the year.
22:50:00
The monthly rate of the U.S. Existing Home Contract Sales Index for October will be released in ten minutes.
22:47:58
The New Zealand dollar NZD/USD fell more than 0.50% on the day and is now at 0.6123.
22:47:36
Sources said Saudi Arabia will cut production by 1 million barrels per day, Russia will cut output by 500,000 barrels per day, and other countries will also cut production further.
22:45:21
The Chicago PMI in the United States recorded 55.8 in November, a new high since May 2022.
22:45:02
The U.S. Chicago PMI in November was 55.8, compared with the expected 45.4 and the previous value of 44.
22:45:00
The Israeli military said it expected more Israeli hostages to be handed over to the Red Cross in the coming hours.
22:44:37
The Israeli military said two Israeli hostages were en route to Israeli territory based on information provided by the Red Cross.
22:43:53
EUR/USD fell below 1.09, down 0.66% on the day.
22:43:21
Representatives at the meeting said that Saudi Arabia will extend its production cut by 1 million barrels per day.
22:40:15
U.S. and Burkina Faso oil rose by $0.8 in the short term, now trading at $79.47/barrel and $84.32/barrel respectively.
22:39:23
Algerian Energy Minister: Algeria has agreed to cut its oil production by an additional 50,000 barrels per day in January.
22:36:30
Representatives at the meeting said OPEC+ agreed to cut production by an additional 1 million barrels per day.
22:24:08
Bill Adams, chief economist at Comerica Bank: The Fed is on hold for now, but they are getting closer to cutting interest rates. Inflation has slowed significantly and the job market has softened faster than expected.
22:09:58
Traders cut bets on the extent of interest rate cuts in 2024.