Global stocks were mixed together during holiday trading on Monday, while oil-producing countries said they planned to increase output, oil prices fell.
Markets have been closed in the UK and most parts of Asia.
The S&P 500's future decline was 0.6%, while the Dow Jones industrial average fell 0.5%.
Germany's Dax rose 0.4% to 23,181.61, while Paris's CAC 40 fell 0.4% to 7,737.21.
U.S. benchmark crude oil fell as much as 4% earlier in the day. By late Monday, it had fallen to $1.15, or $57.14 a barrel. International standard Brent crude lost $1.14 to $60.15 per barrel.
Over the weekend, OPEC+ Group Eight announced that as of June 1, it would increase its output by 411,000 barrels per day, increasing the output increase.
The group said the decision was a strong fundamentals, although analysts also speculated that it could reflect his desire for U.S. President Donald Trump before his visit to the Middle East later this month.
Prices have fallen by nearly 20% over the past three months due to the possible impact of traders on Trump’s trade policy on the global economy. Trump made lower gasoline prices one of the key points of his conversation.
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“Washington wants cheap energy, and Gulf producers still rely on U.S. security guarantees; the White House endured it, and they listened.”
“In this sense, the U.S. president has become an informal swing vote within OPEC+,” he said.
U.S. crude oil fell by about 17% over the course of the year. According to AAA, gasoline sells for an average of $3.17 per gallon, down from $3.66 per gallon a year ago.
But the price has dropped to the point where many producers can no longer make money.
Most markets in Asia are closed. Australia's S&P/ASX 200 lost 1% to 8,157.80, while Taiwan's Taiex fell 1.2%.
The US dollar starts from 144.71 yen to 144.15 yen.
The euro climbed from 1.1306 to $1.1329.
Wall Street extended its earnings to the longest winning streak since 2004 on Friday. It recaptures most of the ground after President Donald Trump escalated his trade war in early April.
The rally was stimulated by expected reports on the U.S. job market and restored hope that Washington could ease its trade tensions with China.
The S&P 500 climbed 1.5%, while the Dow Jones industrial average rose 1.4%. Nasdaq Composite rose 1.5%.
The S&P 500 has remained down 3.3% this year, 7.4% below the record reached in February.
Great returns. There are about 90% of the S&P 500 stocks and every field. Technical inventory leads. Microsoft grew 2.3%, while NVIDIA rose 2.5%. However, Apple estimates Trump's tariffs will cost $900 million, but Apple has dropped 3.7%.
Banks and other financial companies have also made reliable returns. JPMorgan Chase rose 2.3% and visas closed at 1.5%.
Employers added 177,000 jobs in April. This marks a slowdown in hiring from March, but is better than economists expect. Signs of pressure on work are being watched closely due to tensions in the trade war.
The economy has shown signs of stress. In the first quarter of this year, the annual salary of the U.S. economy was 0.3%. The surge in imports slowed it down as businesses tried to raise Trump's tariffs.
Companies have been cutting and withdrawing financial forecasts because of uncertainty over how much tariffs are imposed and the uncertainty they will squeeze consumer and SAP spending.
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