Crude-oil futures finished Monday at their lowest price in a week, with production in Libya, Norway and the Gulf of Mexico set to recover.

Libya lifted force majeure at its largest oil field, producers began restoring output in the Gulf of Mexico following Hurricane Delta, and crude output in Norway looked to recover following the end of an oil-worker strike.

West Texas Intermediate crude for November delivery

fell $1.17, or 2.9%, to settle at $39.43 a barrel on the New York Mercantile Exchange. December Brent crude

lost $1.13, or 2.6%, at $41.72 a barrel on ICE Futures Europe.

Front-month WTI, the U.S. benchmark, and global benchmark Brent on Monday both marked their lowest settlements since Oct. 5, according to Dow Jones Market Data.

With the passing of the hurricane and the resolution of the strike in Norway, “investors are more concerned about the higher output in

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By Dhara Ranasinghe

LONDON, Sept 30 (Reuters)Germany’s 10-year bond yield touched its lowest level in almost two months on Wednesday, after an acrimonious first U.S. presidential debate made investors cautious globally and underpinned demand for safe-haven assets.

Comments from a number of European Central Bank officials including President Christine Lagarde, and inflation data from Italy and France also supported regional debt markets.

Lagarde set the scene for changing the ECB’s strategy to align it with that of the Federal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.

In her first update on the ECB’s ongoing review of its strategy, Lagarde also opened the door to giving the central bank less time to achieve its elusive near-2% inflation goal.

“In our view she is making a very clear case for a symmetric goal of 2%,” said

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a group of people wearing costumes: Response personnel prepare to enter a public housing tower, locked down in response to a COVID-19 outbreak, in Melbourne

© Reuters/Sandra Sanders
Response personnel prepare to enter a public housing tower, locked down in response to a COVID-19 outbreak, in Melbourne

By Byron Kaye

SYDNEY (Reuters) – Australia looked set to record its lowest daily increase in new coronavirus cases in three months on Sunday as a hard lockdown in the city of Melbourne brought the country’s virus epicenter down sharply.

The second-most populous state Victoria, of which Melbourne is the capital, reported 14 new infections in the 24 hours to Sunday morning, down from 21 new cases the day prior and its lowest since June 19.

That put Victoria, which has spent months under lockdown to slow a second wave of infections, on track to meet a target of keeping average daily increases below 50 by Sept. 28 when the authorities have said they may lift restrictions.

Australia’s biggest state New South Wales, which has Sydney as the

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  • Florida reported the lowest number of new cases in nearly 3 months on Monday. 
  • There were 1,838 new cases on Labor Day. 
  • The last time numbers were this low was on June 15, with 1,758 new cases. 
  • Visit Business Insider’s homepage for more stories.

The end of a long holiday weekend in Florida was marked with the lowest number of new COVID-19 cases that the state has seen in nearly three months, The Associated Press reported.

Florida reported 1,838 new cases of COVID-19 on Labor Day. The last time single-day new case numbers were this low was on June 15, when 1,758 new cases were reported. 

To date, there have been 646,431 cases of the novel coronavirus in Florida, according to Johns Hopkins University. 

The state has recorded at least 11,849 deaths related to the virus since the outbreak began, according to Johns Hopkins.

Since Aug. 1, Florida has been

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