Brent crude rose to a 3-year high of $86.50/bbl in October after the EIA said the energy crisis is expected to push oil demand up by 500,000bpd, leading to a supply deficit .
GBP was volatile in October, fluctuating between 1.34 and 1.38 against USD, as inflationary pressure grew, and the UK annual budget and spending review was released .
Oil prices hit multi-year highs supported by recovering demand and high natural gas and coal prices, encouraging certain industries to switch to oil and diesel power.
OPEC+ agrees to add 400k bpd throughout November.
Baker Hughes active rig count rose by 12 to 445.
Highway traffic in France back above pre-pandemic levels.
Oil prices hit multi-year highs amid recovering demand.
Iran announces nuclear talks with six world powers.
US continues to pressure OPEC to raise production.