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Oil Edges Higher With US Inventories, Supply Outlook in Focus

Admin October 7, 2025
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Oil edged higher after a mixed US inventories report, with traders also focused on the broader outlook for supply as OPEC+ presses on with output increases and American production expands.

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  • New Zealand central bank cuts rates by larger-than-expected 50bps, flags more easing
  • Pictet Boosts Japan Stocks, Trims Europe on Takaichi Victory
  • Joby Aviation prices $513.9 million stock offering at $16.85 per share
  • Dollar Rallies on Euro and Yen Weakness
  • Dollar rallies as US shutdown drags on, weighing on confidence

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