Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened
by Graeme Wearden from on (#66232)
Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration
Over in Germany, the prices charged for industrial products have plunged - in a sign that inflation may finally be peaking.
Producer prices fell by 4.2% in October, the first monthly drop since May 2020 during the first Covid-19 lockdowns.
Perhaps the first signal of a certain cyclical easing of price pressure."
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