News

Oil prices drop amid OPEC+ output increase plans

Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

Published

3 weeks ago

October 28, 2025

Ahron Young

Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

In Short:
– Oil prices declined for three days due to OPEC+ production plans and U.S. sanctions on Russia.
– Eight OPEC+ nations may approve a 137,000 barrels per day output increase for December.

Oil prices fell for the third consecutive day as traders assessed OPEC+ plans to increase production amid pressures from U.S. sanctions on Russia and optimism regarding U.S.-China trade talks.Brent crude futures dropped to $65.43 per barrel, down 0.28%, while West Texas Intermediate crude fell to $61.25 per barrel, a decline of 0.10%.

Market concerns about potential oversupply are influencing this sustained weakness as OPEC+ prepares for another production increase.

Eight OPEC+ nations are reportedly leaning towards approving a modest output increase of around 137,000 barrels per day for December. The decision, driven by Saudi Arabia’s desire to regain market share, reflects ongoing efforts to adjust production after years of cuts to support prices.

Since April, OPEC+ has raised production targets by over 2.7 million barrels per day, nearly halving the previous cumulative cuts agreed upon.

Industry analysts note that additional supply from OPEC+ has contributed to a five-month low in oil prices due to concerns about a developing glut.

Market Uncertainty

The oil market faces ongoing uncertainty from U.S. sanctions placed on Russia’s largest oil companies, Rosneft and Lukoil. These sanctions aim to increase pressure on Russia’s energy sector, further complicating the market situation.

Major oil buyers, including state-owned Chinese companies, have started suspending Russian oil purchases, indicating potential disruptions to the market.

News

Tech stocks on edge ahead of Nvidia

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.

Published

11 hours ago

November 19, 2025

ticker NEWS

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.

With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.

Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.

#TechStocks #Nvidia #Markets #Investing #FinanceNews

News

U.S. House forces release of Epstein files after Trump shift

House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles

Published

11 hours ago

November 19, 2025

ticker NEWS

House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles

The U.S. House has overwhelmingly voted to mandate the release of Justice Department files tied to Jeffrey Epstein, following a sudden shift in stance from President Donald Trump.

Victims rallied outside the Capitol as bipartisan criticism intensifies and the resolution heads to a swift Senate vote.

#EpsteinFiles #USPolitics #BreakingNews #Congress #Trump

News

Trump’s approval rating hits lowest point amid concerns

Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash

Published

12 hours ago

November 19, 2025

ticker NEWS

Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash

In Short:
– Trump’s approval rating has dropped to 38% due to concerns over costs and the Epstein investigation.
– Only 26% of Americans approve of Trump’s handling of everyday expenses amidst rising inflation.

A recent Reuters/Ipsos poll indicates U.S. President Donald Trump’s approval rating has dropped to 38%, marking the lowest level since his return to power. Dissatisfaction stems from rising living costs and concerns regarding the investigation into Jeffrey Epstein.The four-day poll, concluding on November 18, reveals only 26% of Americans approve of Trump’s management of everyday expenses. Increasing public concern regarding inflation has further eroded support. The Republican-controlled House recently passed a measure to release Justice Department files on Epstein, an issue Trump initially resisted but later supported.

Poll findings show Trump’s overall approval has declined two points since early November. He began his second term with a 47% approval rating, now nearing lows seen during his first term. Biden’s approval fell as low as 35%, reflective of economic discontent.

Republican Support Wanes

Trump’s approval rating among Republican voters is now 82%, a decrease from 87% earlier this month. The perception that he is not adequately addressing living costs is a significant concern, contributing to reduced popularity among constituents. Notably, only 20% approve of Trump’s handling of the Epstein case, with 70% believing the government is withholding information.

Trump’s economic strategy, which included tax increases on imports, has been criticized for contributing to rising prices. As midterm elections approach, his declining popularity may pose challenges for Republican candidates in upcoming races.