European stocks are heading for a lower open as investors focus on the latest oil market action after Saudi Arabia and Russia extended oil production cuts.
CNBC Pro: Here are the most overbought and oversold major global stocks, including tech and bank names
The relative strength index , which measures the magnitude and speed of price moves, can be used by investors to determine if shares are overbought or oversold.Arm sets U.S. IPO between $47 and $51 per share . SoftBank, which owns Arm, plans to sell 95.5 million shares. This all implies a valuation of up to $54.5 billion.CNBC Pro: RBC just raised its bet on this 'recession resistant' Canadian stock, giving it 20% upside
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Brent crude jumps above $90 a barrel after Saudi Arabia, Russia extend crude-supply cutsSaudi Arabia will extend a production cut of 1 million barrels a day for three months, running to the end of December, the country’s official press agency...
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Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combin...
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Saudi Arabia and Russia move to extend oil cuts could drive up gas pricesMove by two OPEC+ members to continue scaling back crude production likely means higher prices at the pump for U.S. drivers.
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Saudi Arabia, Russia extend oil cuts through 2023, boosting market pricesSaudi Arabia and Russia on Tuesday prolonged oil production cuts through the end of this year in a bid to drive market prices higher after remaining far below 2022 record levels.
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Energy stocks lead S&P 500 again, as Saudi Arabia, Russia extend crude-supply cutsEnergy stocks are leading the S&P 500 index on Tuesday, while most other sectors are in red, as Saudi Arabia and Russia extend oil supply cuts.
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