Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.
Brent crude futures last jumped 5.07% to $83.95 a barrel on that news, and U.S. West Texas Intermediate crude futures soared 5.17% to $79.59 a barrel.
The voluntary cuts will start from May to end 2023, Saudi Arabia announced, saying it was a “precautionary measure” targeted toward stabilizi...

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Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Three major indices moved upward, R...

- OPEC+ makes 100,000 bpd output cut for October
- EU's Borrell less optimistic of quick Iran nuclear deal revival
- U.S. holiday delays weekly inventory reports
Oil prices fell on Tuesday as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing a two-day rally on OPEC+'s first output target cut since 2020.
Brent crude settled at $92.83 a barrel, losing $2.91, or 3%. US ...

After the wild ride last Friday, the relief rally in Wall Street seemed to pause after the holiday break. 
People on Wall Street are still concerned about risks from higher inflation and slowing growth.
What about you? 
Do you think the market momentum will remain strong and keep pushing up stock prices?