Oil ended the session in the red territory settling at its lowest point in more than a week. The black gold was pressured by a stronger dollar, by data showing a decline in OPEC’s September compliance with a production-cut agreement and a by a weekly rise in the number of active U.S. oil rigs for the first time in a month.
West Texas Intermediate Crude futures for November went lower by $1.09 (which is equal to 2.1%) closing at $50.58 per barrel in the New York Mercantile Exchange, their lowest point since September 21.
December Brent crude slid by 67 cents, or 1.2%, to end the session at $56.12 per barrel.
U.S. stock market ended the session deep in the green zone as equities continued a steady run-up that may set the tone for the final three months of 2017.
The S&P 500 went up by 0.76 point indicating a 0.4% increase and a record high of 2,529.12. The Dow Jones Industrial Average added to its value 152.51 points after climbing by 0.7% and reaching to a new record high of 22,55.60. The NASDAQ Composite Index gained 20.78 points, or 0.3%, to trade at 6,516.72.
Leading Indexes managed to shake off scares from the mass shooting in Las Vegas.