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The rand softens as oil prices rise, Fed in focus

At 06:52 GMT, the rand traded at R16.68 against the dollar, down 0.2% from its previous close

  • South African rand weakens to R16.68 per dollar
  • Oil prices surge 1% after Saudi refinery attack
  • Fed's policy decision and inflation data eyed closely

Equinor Profits Triple as Oil and Gas Prices Surge

Equinor tripled its adjusted net income for the third quarter from a year earlier, on the back of strong refining margins, high oil and natural gas prices, and increased hydrocarbon production.

  • Equinor profits tripled to $2.86 billion in Q3
  • Oil and gas prices surge, boosting earnings
  • Production up 2%, LNG prices 75% higher

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