Brent crude fell $2.00 intraday to $105.60/bbl, down 1.86%.

BofA said in an Oct. 16 report that Indian price pressures are moving beyond food, and wholesale price gains are likely to transmit to consumer prices within 3–6 months. September WPI rose 11.4% YoY, up from August’s 9.9% and the highest in 49 months; headline CPI accelerated to 5.5% YoY from 4.8% (a 23-month high), driven by broad food-price increases. Core inflation excluding PRECIOUS metals rose to 3.3% YoY from 2.9%, indicating diffusion beyond food. BofA continues to expect the RESERVE BANK OF INDIA to raise rates by a cumulative 75 bps in this cycle; further pass-through risks warrant monitoring.

伊朗外長阿拉格齊：伊斯蘭合作組織（OIC）外交部長理事會在伊拉克召開，此次會議是45年來首次在伊拉克舉行。期間，我與伊拉克總理扎伊迪、伊拉克、埃及及土耳其的外長、新任OIC祕書長以及其他政要進行了會晤。在伊拉克的領導和經驗豐富的祕書長帶領下，我們期待OIC在應對伊斯蘭世界所面臨的挑戰及化解分歧方面發揮積極作用。