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U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump

The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices. Saudi Arabia, the top producer of the Opec cartel unanimously cut its output by another one million barrels per day from July.

U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump

Investing.com — Crude oil prices rose Friday, on course for their sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended their voluntary output cuts through September, further tightening global supplies.

rupee hit the lowest in more than two months before closing at 82.72 against the dollar. “Rupee is likely to appreciate today as US dollar retreated from its 4 week high after fresh economic data from US showed that economy is feeling the heat of aggressive rate hike," ICICI Direct said.

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 30 cents, or 0.4%, to $85.44 a barrel by 0042 GMT, while U.S. West Texas Intermediate crude for September rose 36 cents, or 0.4%, to $81.90.

Toronto International Film Festival has revealed its diverse line-up for the Discovery and Midnight Madness programs. Featuring original and unexpected works, the Midnight Madness program offers bizarre and daring cinema, while the Discovery program showcases contemporary international cinema and emerging talents. The Midnight Madness line-up includes 10 titles, including seven World Premieres. Notable selections are “Dicks: The Musical” by Larry Charles and satirical provocations from Saudi Arabia and Serbia. On the other hand, the Discovery program presents 26 titles with a strong emphasis on World and International Premieres. An exceptional highlight is the participation of 13 female filmmakers, representing 50% of the program's total. Anita Lee, TIFF Chief Programming Officer, expressed enthusiasm, stating that the Discovery and Midnight Madness 2023 selections promise to captivate tastemakers and experience seekers.

New Delhi will participate in a peace conference aimed at the war in Ukraine hosted by Saudi Arabia this month, confirmed MEA Spokesperson Arindam Bagchi. “India will participate in this event. Our participation is in consonance with our long-standing position that dialogue and diplomacy is the way forward," he said at a press briefing.

Investing.com — Down a day and up by as much the next: Oil’s yo-yo like behavior came after Saudi Arabia on Thursday announced as widely expected that it would extend its July-August production cut of one million barrels per day to next month as well.

Saudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices

BRICS Summit, the Ministry of External Affairs (MEA) said. "President Ramaphosa invited the prime minister for the BRICS summit being hosted by South Africa on August 22-24, and briefed him on the preparations for the same," the Ministry of External Affairs (MEA) said atfter PM Modi's talks with Ramaphosa. "The prime minister accepted the invitation and conveyed that he looked forward to his visit to Johannesburg to participate in the summit," the MEA said.

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

Saudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices

BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as «baseless» reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa).

₹6,697 per bbl, having swung between ₹6,518 and ₹6,714 per bbl during the session so far, against a previous close of ₹6,556 per barrel.

An exciting new Pepe the Frog-themed meme coin called Evil Pepe Coin ($EVILPEPE) is about to launch on decentralized exchanges (DEXs) for the first time today.

Investing.com — Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit to risk sentiment caused by the downgrade of the U.S. credit rating.

India will participate in Ukraine peace talks to be hosted by Saudi Arabia on Aug. 5 and 6, a foreign ministry spokesperson said during a news briefing on Thursday. Saudi Arabia has invited Western nations, Ukraine and some major developing countries to discuss the peace plan proposed by Ukrainian President Volodymyr Zelenskiy earlier this year.

Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer such services.

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

Investing.com — U.S. crude inventories plunged 17 million barrels last week, smashing trade forecasts, amid intensive production cuts by Saudi Arabia,  the agency responsible for national energy data reported Wednesday.