Crude oil futures fell for the third straight month, declining 2.4% to $82.30 a barrel as supply normalization and stronger dollar capped gains. Energy-intensive industries welcomed the relief, with transport and manufacturing equities outperforming broader benchmarks. Analysts said lower oil prices could ease input-cost pressures globally and support central banks’ inflation-control efforts. Currency markets reacted modestly, keeping Brent volatility at a three-month low. The softening in crude coincides with reduced geopolitical risk premiums, giving risk-on sentiment a fresh boost across global asset classes.

Strong growth in Amazon Web Services lifted the company’s overall results, with Q3 cloud revenue jumping 20% year-on-year to $29.6 billion. Shares spiked 13% in after-hours trading following the announcement. The company also revealed plans to streamline operations, cutting 14,000 roles to improve margins and focus on AI-driven infrastructure. Analysts said the performance demonstrates Amazon’s successful pivot toward profit-oriented expansion. Management reaffirmed its FY26 outlook, emphasizing generative AI workloads and continued investments in regional data centers as the next leg of AWS-driven growth.