Oil prices jump ahead of OPEC+ meeting to discuss supply cuts
Oil prices rose almost $2 on Tuesday on expectations of a large cut in crude output from the OPEC+ producer group while strong demand and looming sanctions on Russian oil also supported.
Oil prices rose almost $2 on Tuesday on expectations of a large cut in crude output from the OPEC+ producer group while strong demand and looming sanctions on Russian oil also supported.
LONDON (Reuters) -Oil prices rose on Tuesday on expectations that OPEC+ may agree to a large cut in crude output in its meeting this week, while strong demand and upcoming sanctions on Russian oil also lent some support to prices.
Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy.
HSBC's board is exploring the sale of its operation in Canada, Sky News reported on Tuesday.
Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.
SINGAPORE (Reuters) -Oil prices edged higher on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday offset concerns about the global economy.
TOKYO (Reuters) -Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, marking the biggest gain since 2014 in a sign of broadening cost pressures.