Oil prices have reached a five-month high, with Brent crude rising to $114 a barrel, driven by concerns over renewed military actions in the Middle East and intensified attacks on Saudi facilities. This increase comes as inflation fears grow, with companies facing higher energy costs that may impact consumer prices.
In the UK, retail sales fell by 0.4% in September, contrary to expectations, as warm weather affected clothing sales and consumer confidence dropped sharply. Analysts suggest that rising inflation and economic pressures are beginning to affect spending habits, raising concerns about the resilience of the economy.