Published 2 years ago

Asian shares rise, oil extends gains after OPEC+ deal

Summary by Ground News

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, on Wednesday decided to reduce production by 2 million barrels a day starting in November. Concerns about demand amid growing recession risks and the sharp appreciation of the US dollar caused oil prices to fall at the end of September to their lowest level since January.

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Times of India

Asian shares rise, oil extends gains after OPEC+ deal

Earlier this week, U.S. economic data suggesting that the labor market and economy were slowing as well as the Reserve Bank of Australia's surprise move to raise rates by only 25 basis points fuelled hopes of less aggressive interest rate hikes by central banks and lifted risk sentiment.

2 years ago·India

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Reuters

Asian shares rise, oil extends gains after OPEC+ deal

By Stella Qiu SYDNEY - Asian shares were cautiously higher on Thursday, while the dollar eased ahead of U.S. non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% in early Asia trade, as U.S. futures gained. The index is up 4% this week after faling 13% in

2 years ago·United Kingdom

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Associated Press News

Asian stock markets fall ahead of US employment update

Asian shares have followed Wall Street lower ahead of U.S. jobs data that investors hope will persuade the Federal Reserve to ease off plans for more interest rate hikes. Tokyo

2 years ago·United States

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abc News

Asian stocks mixed on strong US hiring, OPEC oil output cuts

Asian stocks are mixed after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC oil production cartel agreed to shore up prices by cutting output

2 years ago·United States

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The Star Kuala Lumpur

Oil prices rise as OPEC+ agrees to large output cut

NEW YORK, Oct. 5 (Xinhua) -- Oil prices climbed on Wednesday after major producers announced a big production cut. Read full story

2 years ago·Malaysia

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KRDO

Asian stocks mixed on strong US hiring, OPEC oil output cuts

By JOE McDONALD AP Business WriterBEIJING (AP) — Asian stocks were mixed Thursday after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices.Tokyo and Seoul advanced while Hong Kong and Sydney declined. Chinese markets were closed for a holiday. Oil prices edged higher.Wall Street’s benchmark lost 0.2% on Wednesday, ending a…

2 years ago·Colorado Springs, United States

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