EARN MORE MONEY

Oil ends in its lowest level in over a week as the data show a decline in OPEC output-cut compliance

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 at record highs

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.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.