Key Dates

October 4 – US Trade Representative Katherine Tai expected to deliver a speech revealing the Biden administration’s China trade strategy.

October 4 – Spain unemployment data.

October 4 – OPEC+ meeting to review output levels. Amid rising oil prices, a string of upside inflation surprises, and growth hurdles across major economies, there is speculation that the cartel will boost output in order to ease supply constraints, with one source envisioning a one-month boost of 800,000 bpd.