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Reuters

Oct 29, 2022, 10:16 AM

Rupee May Track Asian Peers Higher; U.S. Yields, Oil Prices In Focus

The rupee is seen opening at 82.25-82.30 per U.S. dollar. On Tuesday, the rupee finished at 82.36, a level almost flat to the dollar, after attempting to strengthen above 82-mark at one point.

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  Reuters | Oct 29, 2022

  U.S. Says Russia Oil Price Cap Will Not Be Aimed At OPEC

  The comments could help ease a spat between the United States and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.

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  Reuters | Oct 29, 2022

  Oil Up In Tight Market As U.S. Sets Release Of More Reserves

  Brent crude futures for December settlement ended up $2.38, or 2.6%, to $92.41 a barrel. U.S. West Texas Intermediate crude (WTI) for November, which is expiring on Thursday, ended at $85.55 a barrel, up $2.73, or 3.3%.

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  Reuters | Oct 29, 2022

  Strikes End At Some Of Total Energies' French Refineries

  With an eye on the autumn school break that starts at the end of the week, members of the French government, who forced some fuel depot staff to return to work earlier this week, repeated that a back to normal situation was within reach.

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  Reuters | Oct 29, 2022

  Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry

  To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday in comments that weighed on oil.

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  Reuters | Oct 29, 2022

  Russia Poised To Largely Skirt New G7 Oil Price Cap

  The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.

  5 mins read
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  Reuters | Oct 29, 2022

  Amazon.com To Invest Over 1 Billion Euros In European Electric Van, Truck Fleet

  The company did not say what percentage of its European last-mile delivery fleet is electric today, but said those 3,000 zero-emission vans delivered over 100 million packages in 2021.

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  Reuters | Oct 29, 2022

  Chinese EV Battery Maker CATL Expects Q3 Profit To Nearly Triple

  The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales.

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  Reuters | Oct 29, 2022

  Musk Says Excited By Twitter Deal Despite Overpaying

  Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.

  1 min read