OPEC Extends Production Cuts Amid Mixed Market Reactions

Saudi Arabia and Russia lead the extension of voluntary cuts, while Nvidia unveils a new AI chip to stay ahead of competition.

OPEC+ extends crude production cuts until 2025, with a phased rollback starting in October 2024.
Saudi Arabia and Russia to maintain voluntary cuts of 1.7 million barrels per day.
Nvidia reveals its next-generation AI chip, Rubin, set for a 2026 release.
Dow Jones sees significant gains as inflation measures cool, while Nasdaq dips.
FDA approves Moderna's RSV vaccine for adults over 60, marking its second U.S. market entry.