• Oil held a drop as signs of macroeconomic weakness — especially in top importer China — eclipsed OPEC+’s widely expected extension of output cuts.
• West Texas Intermediate traded below $79 a barrel after slipping 1.5% on Monday, the biggest loss in more than a week. Global benchmark Brent crude closed under $83. Wider markets remained subdued ahead of the release of US jobs data and remarks from Federal Reserve officials, with a dour outlook for China also clouding the outlook.