OIL SLIPS 1% ON CONCERNS OVER DELAYED OPEC+ MEETING Oil prices dipped about 1% on Thursday, extending losses on expectations that OPEC+ might not deepen output cuts next year after the producer group postponed its policy meeting. Brent crude futures were down 68 cents, or about 0.8%, at $81.28 a barrel by 2024 GMT after falling as much as 4% on Wednesday. U.S. West Texas Intermediate crude slid 75 cents, or 1%, to $76.35 after dropping as much as 5% in the previous session. Trading activity was muted because of the U.S. Thanksgiving public holiday. Source: Reuters
DOW JONES FUTURES RISE Dow Jones futures edged higher Thursday night, along with S&P 500 futures and Nasdaq futures. The US stock market was closed for the Thanksgiving holiday. The stock market rally rose modestly Wednesday. Nvidia (NVDA) fell following stellar earnings, but came off lows and held in a buy zone. Google parent Alphabet (GOOGL) and Amazon.com (AMZN) also flashed buy signals. Meanwhile, Tesla (TSLA) fell Wednesday, backing off possible buy points. The EV giant is ramping up discounts in the US and Europe following Elon Musk's controversial post last week. Source: Investor's Business
Daily DOLLAR DEFENSIVE AS MARKETS WEIGH US RATES OUTLOOK The US dollar was restrained on Friday by uncertainty over the path of US interest rates, while the euro held overnight gains as data hinted that the downturn in the euro zone may be easing. With US markets closed on Thursday and due for a shorter trading session on Friday for Thanksgiving, currencies are likely to trade narrowly but with some volatility as liquidity is expected to remain thin. The dollar index, which measures the U.S. currency with six peers, eased 0.029% to 103.73, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. Source: Reuters
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