Oil supply policy
Eight OPEC+ members agreed to raise December output by 137,000 barrels/day, then pause further increases in January, February and March 2026.
Nov 2, 2025 · QQQ/SPY Market Review · 11 headlines
Markets were closed, leaving QQQ at 629.19 and SPY at 681.99 from Friday's regular close. OPEC+ members approved a 137,000 barrels/day increase for December and paused further increases through March 2026. Trump said Nvidia's Blackwell chip would not be made available to other people, while Satya Nadella said electricity and data-center space were limiting deployment of additional AI chips. China's Caixin manufacturing PMI came in at 50.6 versus a 50.7 estimate and 51.2 prior, as the U.S. government shutdown neared a record and Scott Bessent said parts of the economy were in recession while overall conditions remained sound.
Published
Eight OPEC+ members agreed to raise December output by 137,000 barrels/day, then pause further increases in January, February and March 2026.
Trump said Nvidia's Blackwell chip would not be available to other people. Nadella said electricity and data-center space, rather than computing supply, were limiting deployment of additional AI chips.
The U.S. government shutdown approached a record as Democrats urged direct negotiations. China's Caixin manufacturing PMI was 50.6 versus 50.7 expected and 51.2 prior, while Bessent described recession in parts of the U.S. economy but sound overall conditions.
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