Opec’s small output increase seen as biggest cause of volatility
The JSE is likely to have a disparate session on Tuesday after the mixed session in Asia, where Japan’s Nikkei 225 tumbled 2% but Hong Kong’s Hang Seng index pushed higher.
Brent crude hovered at $81.42 a barrel in early trade, a day after oil cartel Opec and its allies stuck to their earlier plan to increase output by a modest 400,000 barrel a day in November. As a net importer of oil, SA is sensitive to higher oil prices, which have the potential to drive up consumer prices.
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