OPEC, the oil cartel, scheduled a special meeting for Nov. 18 amid expectations that it will vote to reduce production. The group reportedly anticipates an 870,000-barrel-a-day drop in demand next year, most of it among developed countries. In electronic trading Wednesday, the price per barrel of crude for November delivery appeared ready to close at around $75.50, down almost $2.70 from the day before.
Al Qaeda's second-in-command in Iraq was confirmed Wednesday as having been killed by US forces earlier this month. A senior US military spokesman in Baghdad said Abu Qaswarah, a Moroccan national, died in an Oct. 5 raid on Mosul, where the Sunni terrorist organization has chosen to make its stand after being driven out of other regions of the country.
Saying he'd "hold out a hand to all members of all parties," Conservative Prime Minister Stephen Harper of Canada savored a reelection victory Wednesday. He was the first government leader to risk his political future at the polls since the global financial crisis erupted last month. But although his strategy in calling an early election paid off, his party again fell short of a majority in Parliament. With vote-counting all but complete, the Conservatives won or were leading in races for 143 seats. They needed 155 to govern on their own.