Latest Oil Market News and Analysis for Oct. 28

Bloomberg Markets Tuesday 27 October 2026, 22:04 UTC By Kanoko Matsuyama 1 min read

Key Points

Oil held a two-day decline as traders tracked the outcome of a tight Israeli election that’ll help to shape the course of the US war with Iran.

Latest Oil Market News (ORG) Israeli (ORG) the US war (EVENT) Iran (LOCATION)

Originally published by Bloomberg Markets Read original →

The Federal Reserve is meeting in Washington this week, where it will consider whether to raise interest rates in an effort to tamp down on inflation. The meetings come at a moment when rising prices are shaping large parts of the U.S. economy and inflation is set to play a key role in Tuesday’s midterm elections. Yet members of the bank’s interest-rate setting committee are widely expected to keep benchmark rates steady this month.

NBC News 25m ago

Chancellor targets cost of living crisis in budget for a ‘difficult moment’

Healey hopes to give ‘hope for the future’ but only modest policies are expected with important decisions deferredJohn Healey has acknowledged the UK faces a “difficult moment” but insisted he would put the country on a better path as he delivers his first budget on Wednesday against a turbulent global economic backdrop. But despite the international uncertainty, the chancellor will signal “fresh hope for the future” as he attempts to sound a more optimistic note, by providing households...

The Guardian World 26m ago

Chancellor targets cost of living crisis in budget for a ‘difficult moment’

The Guardian Politics 26m ago

Latest Oil Market News and Analysis for Oct. 28

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