2023.11.7 Today’s Focus

1. Venezuela negotiates with oilfield companies to increase production.

2. The final Eurozone 10 Composite PMI value recorded 46.5, a 35-month low.

3. The United States seeks to purchase up to 3 million more barrels of crude oil in January next year to replenish the SPR.

4. OpenAI wants to create a customized GPT platform ecosystem and launches a stronger preview version of GPT-4 Turbo.

5. Many sources revealed that Russian President Vladimir Putin has decided to run for president again in 2024. The Kremlin responded that Putin has not announced his participation in the election.

6. Palestinian-Israeli conflict - Biden and the Israeli Prime Minister discussed the possibility of a tactical ceasefire and the two countries resumed diplomacy. The Iranian president will travel to Saudi Arabia for the first time on November 12.

7. New York Fed indicators: Global supply chain pressure has dropped to a record low, Federal Reserve survey: U.S. credit conditions continue to tighten in Q3 but at a slower pace, and loan demand generally declines.