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Oil declines as uncertainty floods markets ahead
Oil prices fell on Monday over uncertainty ahead of an expected meeting of major oil producing countries of the OPEC+ group and US Federal Reserve (Fed).
International benchmark Brent crude traded at USD85.93 per barrel at 09.56 a.m. local time (0656 GMT), a 0.54 percent decrease from the closing
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of OPEC+ meeting
price of USD86.40 a barrel in the previous trading session. The American benchmark West Texas Intermediate (WTI) traded at USD79.19 per barrel at the same time, a 0.61 percent loss after the previous session closed at USD79.68 a barrel.
On Wednesday, the 23-member group of the
Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will meet for the first time after they agreed on Oct. 5 to cut production by 2 million barrels per day (bpd) as of November 2022.
Although the group is not expected to change their production policy, the uncertainty increased the downward pressure on oil prices.
Also, upcoming rate hike decisions by the Fed and several EU banks further blurred the market.
While the Fed is expected to slow the pace of interest rate hikes on Wednesday, the European Central Bank and Bank of England are both expected to hike
On the murder case filed against Brigadier General Jesus Durante III who was identified as the alleged mastermind behind the killing of Yvonette “Yvonne” Chua Plaza:
GARAY DELIGERO Editorial Consultant
BILLACURA Sports Editor
Senior Reporter
In the municipality of Gov. Generoso, Davao Oriental, between the villages of Tibanban and Sampaguita, there exists a barangay called Don Aurelio Chicote. Its significance is not just about the contribution the owner of the name has given to the growth of the place; it is also about the enduring subject of Spanish migration to the Philippines, particularly the dis-trict of Davao.
Unlike the Matutes, Rabats, and Sainzes from Santander, Spain, who also left their own contributions, the Chicotes of Davao, whose patriarch was Don Sandalio Fernández y Chicote, were from Osa de La Vega, Cuenca Province.
Davao’s link to the Chicotes is through Sandalio’s children. Adolfo Beltran y Chicote was a Spanish army man dispatched to the Phil-
