New Overnight Developments Abroad - Daily Update
Price of Oil Softens Further
October 26, 2016
It appears that Russia will probably not join OPEC’s effort to cut production. In response, West Texas Intermediate crude oil fell another 1.4% to $49.25 per barrel. Stocks in Europe and the Pacific Rim have performed weakly overnight, depressed by a number of weaker-than-expected corporate earnings reports. Equities lost 1.5% in New Zealand and Australia, […] More
