Episode
Asian Markets Dip as Oil Supply Rises | Global News
- Published
- Jul 6, 2026
- Duration seconds
- 84
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Summary
Asian markets mixed as Tokyo and Seoul dipped amid tech sell-offs, following Wall Street’s Independence Day holiday closure. Oil prices slid slightly as OPEC+ prepares to boost output by 188,000 barrels/day in August — its fifth straight monthly increase — with Saudi Arabia, Russia, and Iraq leading the charge. Supply uncertainty persists, however, as Hormuz reopening talks stall amid Ayatollah Ali Khamenei’s funeral ceremonies. Brent crude fell 25 cents to $71.87, U.S. crude dropped 10 cents to $68.59. Meanwhile, the U.S. dollar gained against the yen to 161.92, while the euro edged lower to $1.014. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/0377e54e27d4b2d1