As Brent crude oil closed on Wednesday at its lowest level since before OPEC and other nations agreed to cut output, someone bet half a million dollars on prices surging to $80 by year-end.Options to buy 10 million barrels of Brent crude for $80 a barrel in December traded Wednesday, far exceeding the next-largest contracts, according to exchange data compiled by Bloomberg.“That is clearly a geopolitical insurance premium,” Source Rigzone
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Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily
Turkey’s overseas assets rose by 5.1 percent in the first eight months of 2017, the Central Bank said on Oct. 17. The country owned external assets worth $226.5 billion at the end of August, compared to $215.5 billion at the end of last year. Source: Hurriyet Daily News