Power Breakfast: Strong Rebound In US Market; OPEC+ Agrees To A Small Production Increase For September

On Thursday (August 4, 2022), the fourth trading day of the week, there are good signs from the global market. A spectacular rebound was seen in the US markets on Wednesday. Dow Jones closed with a gain of 400 points. While the Nasdaq closed up 2.6%. Crude oil price falls to nearly 6-month low. Brent crude fell 4% to $ 97 a barrel. OPEC+ has agreed to increase oil by 1 lakh barrels per day from September.