Oil, equities slip as OPEC+ cut fails to lift confidence


U.S. S&P 500 mini futures dropped 1.54%, erasing a brief gain to a one-month high made right after the start of trading. Nikkei futures traded in Chicago suggest Tokyo's benchmark is likely to slip about 0.2%.

TOKYO: Oil prices and U.S. stock futures dipped in early Monday trade as a landmark agreement by OPEC and its allies to slash output by a record amount failed to give investors any cause for lasting optimism about the economic outlook.

U.S. S&P 500 mini futures dropped 1.54%, erasing a brief gain to a one-month high made right after the start of trading.

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