U.S. stocks opened with the Dow Jones up 0.04% and the Nasdaq down 0.01%.
ChainCatcher news, according to Golden Ten Data, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.04%, the S&P 500 Index rose 0.02%, and the Nasdaq Composite Index fell 0.01%. Chip stocks declined, with Nvidia down 1.23% and AMD down 0.9%. The Nasdaq Golden Dragon China Index rose 2.04%, with Baidu up 7.9% and Alibaba up 2.14%. Lyft rose 11.9% after the company announced a partnership with Waymo, Alphabet's autonomous driving company.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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