Wednesday, November 1, 2023
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Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.

Bed Bath & Beyond files for US bankruptcy

One of the original big box retailers, it has had years of dismal sales and losses and said it will close all stores.

Putin Tightens Ukraine Border After Drone Attack

One drone crashed 100 km from Moscow on Tuesday, according to the regional governor.

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