U.S. stocks showed tentative stabilization on Friday as dip-buyers supported beaten-down AI names, but the depth of this week’s sell-off leaves doubt over whether the worst is past. BofA strategist Michael Hartnett’s team says equity funds drew $92.3bn over the four weeks through Wednesday, the largest inflow since June. The team retains a risk-off stance and will not turn more constructive on the financial backdrop until the Fed stops hiking, the U.S. 10-year Treasury yield falls below 4.5% and

At the close, NYMEX December WTI futures rose $2.40 to $90.52 a barrel, up 2.72%. ICE January Brent futures rose $3.67 to $98.29 a barrel, up 3.88%.

Beijing Municipal Administration for Market Regulation posted a public notice that China National Petroleum Group Kunlun Manufacturing Co., Ltd. and Unitree Technology Co., Ltd. among other parties have filed to establish a joint venture; notice period runs Nov 4–13, 2026. Under the agreement, Kunlun Manufacturing and its concert party China National Petroleum Group Kunlun Capital Co., Ltd. will hold 60% of the JV, while Unitree Technology and Beijing Panjie Intelligent Technology Co., Ltd. will each hold 20%. The JV will provide industrial embodied intelligent robot solutions; Kunlun Manufacturing, Unitree and Panjie will jointly control the company.