Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

International crude oil prices rebounded on Wednesday, October 30, rising more than two per cent after data showed US crude and gasoline inventories fell unexpectedly last week and on reports that the Organisation of Petroleum Exporting Countries (OPEC) will likely delay its planned oil output increase. After falling more than six per cent earlier in … Read more

Election-packed 2024: A look at what’s in store for world markets as countries line up election dates

Election-packed 2024: A look at what's in store for world markets as countries line up election dates

Voters in India, meanwhile, will cast ballots later this month, with self-styled strongman Narendra Modi expected to win a third term as prime minister in the world’s most populous country. Taiwan, Portugal, Russia and Turkey have already held elections. By year-end, countries accounting for over 60% of the world’s economic output and more than half … Read more