Monday, October 6, 2025

Oil falls on output concern; U.S. stocks down

From Reuters:

Oil prices slipped on Thursday as producers hinted at more output, while U.S. stocks had their first loss in four sessions after a mixed bag of earnings reports.

The euro eased against the dollar after traders saw potential for the European Central Bank to eventually increase its stimulus measures if necessary.

In his comments Thursday, ECB President Mario Draghi brushed off German criticism of his ultra-loose monetary policy and vowed to use all the tools at his disposal for “as long as needed.”

“Markets are convinced that the ECB will do more if it becomes necessary,” said Sireen Harajli, currency strategist at Mizuho Corporate Bank in New York.

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