A lowdown on top macro triggers that may move market on Monday.
Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October.
ENERGY To prop up oil prices, producers begin to weigh cuts Major oil producers meeting in Abu Dhabi, United Arab Emirates, on Sunday signaled that they were considering once again changing course and cutting production. But the group, which included the Saudi oil minister, Khalid al-Falih, and his Russian counterpart, Alexander Novak, did not make any firm decisions.
Oil prices have shed fifth of their value in one month since surging to four-year high in early October
OPEC and other large oil producers, including Russia, are suggesting they could cut supplies next year due to a predicted glut of oil on world markets.