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Bloomberg, citing IEA: Iraq's October oil production rises to highest since 2019
According to Bloomberg citing a report by the International Energy Agency (IEA), Iraq's oil production rose in October to its highest level since 2019, while the UAE's output remained near the previous month's highs. The IEA stated that Gulf oil producers increased crude supply despite shipping disruptions caused by the Iran war.
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24H Trending
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WTI crude oil rose 3.23% from its previous close, currently trading at $89.034
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Gold fell 2.66% from its previous close, currently trading at $3,881.04.
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The yield on the 30-year US Treasury bond rose by about 8 basis points from the previous close, currently standing at 5.44%.
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The 10-year US Treasury yield rose by about 8 basis points from the previous close, currently standing at 5.08%.
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Citadel Securities has poached Matthew Zimmerman from Diameter Capital Partners to head investment-grade corporate bond trading.
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Watami, the Japanese restaurant group, has its founder planning to take the company private through a management buyout (MBO)
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