Reuters

Oil fell on Thursday, giving up earlier gains after OPEC members agreed to extend curbs on output to the end of next year at a meeting in Vienna, though a final deal hinges on the decision of non-OPEC producers, expected towards the end of the day.

OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signaling it could exit the deal earlier if the market overheats.

U.S. consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded, but a sustained increase in underlying price pressures suggested that a recent disinflationary trend had probably run its course.

Canada’s current account deficit in the third quarter swelled to C$19.35 billion ($15.00 billion), the third largest in history, as the country’s international trade gap in goods continued to expand, Statistics Canada said on Thursday.

A dive in high-flying U.S. tech stocks on worries their boom may have peaked left investors wondering on Thursday whether the longest global equity bull run in living memory might be starting to splutter.

Britain is close to clinching a deal with the European Union over the Northern Ireland border, a step that would pave the way for Brussels to offer a two-year Brexit transition deal as early as January, The Times newspaper reported on Thursday.

Euro zone stocks made modest gains on Thursday while Britain’s FTSE 100 slipped again as sterling climbed, with oil majors teetering as investors eyed the OPEC meeting later in the day, and tech the biggest weight as worries of a peak spread to Europe.

British consumers, the main drivers of the economy, are their least confident since just after last year’s Brexit vote, and business morale has also softened, surveys showed on Thursday, adding to signs of a further economic slowdown in 2018.

The dollar held steady on Thursday but was set for a monthly loss against a basket of currencies as investors warily watch progress on U.S. tax reform legislation, while sterling stood tall on optimism a Brexit accord would be reached.

The U.S. Senate on Wednesday took a step toward passage of tax legislation that is a top White House priority, setting up a likely decisive vote later this week.