OPEC and allies reach deal to end oil production cuts

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SINGAPORE — Shares in Asia-Pacific were set for lower start on Monday, as markets watched oil prices after OPEC and its allies reached a deal.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,680 while its counterpart was at 27,710. That compared against the Nikkei 225’s last close at 28,003.08.

Australian stocks also looked poised for a lower open. The SPI futures contract was at 7,232.0, against the S&P/ASX 200’s last close at 7,348.10.

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OPEC and allies reach deal

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