Markets
Official Data PartnerLatest Markets News
Oil jumps 2% on Saudi plan to deepen output cuts from July
The cut comes on top of a broader deal by OPEC and its allies, including Russia, to limit supply into 2024 as the group seeks to boost flagging oil prices.
- CommoditiesColumn: Saudi Arabia's solo play shows mess of oil market contradictions: Russell
Saudi Arabia's decision to deepen its crude oil production cuts, without matching contributions from its allies, underscores how the market is being skewed by a series of contradictory influences.
Morning Bid: Teed up for a bullish start to the week
It looks like the 'sell in May and go away' maxim won't apply this year.
Markets Performance
Official Data PartnerCommodities
| Future | Last | % Change |
|---|---|---|
| Gold | 1,946.00 | 0.33% |
| Copper | 713.40 | 0.38% |
| Brent Crude Oil | 76.96 | 1.09% |
| CBOT Soybeans | 1,359.25 | 0.50% |
Stocks
| Index | Last | % Change |
|---|---|---|
| S&P 500 | 4,282.37 | 1.45% |
| Euro STOXX 50 | 4,323.52 | -- |
| FTSE 100 | 7,607.28 | 1.56% |
| Nikkei 225 | 32,093.46 | 1.81% |
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes
