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CommodityOilPrice.com

US Crude Oil Inventories Still in Freefall

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 5.267 million barrels in the week ending October 30. In the week prior, US crude oil inventories fell by a staggering 2.031 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 64 million barrels over the last 29 weeks, and 12 million over this year,…

CommodityOilPrice.com

Africa Launches $5 Billion Energy Bank as Western Lenders Retreat

Africa needs $200 billion in annual energy investment, according to the Independent Petroleum Producers Group (IPPG). Around 600 million people across Africa lack access to electricity, a problem that could quickly intensify as sub-Saharan Africa rapidly grows, develops, and industrializes. The region’s energy demand is expected to increase threefold over the next decade, as emerging economies…

MacroFrance 24 World

Trump tariffs hitting small businesses

As US voters cast their ballots in the midterm elections, the economy remained their top concern. Despite robust headline macroeconomic data, middle-class Americans are growing increasingly frustrated with the rising cost of living. Meanwhile, Donald Trump's tariffs have hit small businesses hard, leading to a significant rise in bankruptcies. Our correspondents met with some business owners.

ForexForexLive

NZ Q3 Unemployment rate 5.7% (expected 5.5%, prior 5.6%)

The miss on every major measure is likely to weigh on the New Zealand dollar and trim pricing for a December rate hike. The kiwi was already near a cycle low against the Australian dollar after last week’s RBNZ hold, and the gap with a more hawkish RBA now looks set to widen. The weak jobs figures argue against tightening, but the RBNZ’s hawks have focused on core inflation and fuel costs. A…

ForexForexLive

investingLive Americas market news wrap: Job openings jump as the US votes

JOLTs Job openings 7.523M vs 7.100M estimate US September factory orders +1.8% vs +1.2% expected Trump on Israel: The aid gets cut off at year-end Never tell me the odds: Prediction markets see Democrats taking control of House and Senate BOC's Macklem: There could be a need to raise the policy rate further ECB’s Nagel says a December rate hike is very likely to be necessary Two reasons why the…

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