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Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 24 cents, or 0.3%, to... -June 02, 2024 at 08:32 pm EDT - MarketScreener
The China stock market has finished lower in two straight sessions, shedding almost 30 points or 1 percent along the way. The Shanghai Composite Index now sits just above the 3,085-point plateau although it's likely to find traction on Monday.
The Hong Kong stock market has finished lower in four straight sessions, sinking more than 750 points or 4.1 percent along the way. The Hang Seng Index now sits just above the 18,075-point plateau although it's likely to halt its slide on Monday.
OPEC+ announced it would extend existing overall limits on oil production through 2025, attempting to ensure prices do not fall too low.
Global markets finished mixed on Monday, as traders on Wall Street attempted to look beyond weaker than expected manufacturing data, and markets reacted to falling oil prices.