Oil prices hit a 16-month high following Opec's decision to cut production for the first time in 8 years. The oil cartel wants more oil producing countries to follow suit.
Donald Trump's pledge that the US "won't put up with high oil prices for much longer" has led to speculation about how he may try to force OPEC's hand. Skepticism abounds over whether the price of gasoline will fall.
The Indian rupee has turned out to be Asia's worst-performing currency this year as the nation's economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns.
Saudi Arabia's reputation has suffered massively as a result of Jamal Khashoggi's suspected murder. World leaders are keeping their distance. The country could be hostile in the face of criticism, or enact reforms.
Two of the world's largest oil producers see a consensus emerging between OPEC and non-OPEC states for long-term cooperation on stabilizing oil prices, including the extension of output cuts expiring at the end of 2018.
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