Oil gains after strong U.S. retail sales help ease recession worries
Oil gains after strong U.S. retail sales help ease recession worries
Oil falls below $58 on recession fears
17 August, 2019, 19:00
USA crude CLc1 was also 2% higher at $55.60 a barrel, having dropped 1.4% in the previous session and 3.3% on Wednesday. Germany also reported anemic economic data for Q2 as its exports slowed, hinting at a possible recession, along with the inverted yield curve news, which tanked stocks. Brent Crude futures, in turn, fared nearly as poorly, with the global benchmark falling 58.23 dollars a barrel (-2.10 percent). The global benchmark was down $1.52, or 2.6%, at $57.96 and West Texas Intermediate crude (WTI) was down 80 cents, or 1.5%, to $54.43 in early trades.
"The rebound has a corrective look about it on thin volumes, rather than a beachhead for an impending rebound", said Jeffrey Halley, senior market analyst at OANDA. "WTI had enjoyed a decent rebound over the last week but failed at the first hurdle, running into resistance around the mid-July lows before plunging once again".
The price of Brent is still up almost 10% this year thanks to supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russian Federation, a group known as OPEC+.
A Saudi official on August 8 indicated more steps may be coming, saying: "Saudi Arabia is committed to do whatever it takes to keep the market balanced next year".
Huawei could be developing a Google Maps replacement The US placed Huawei on its "Entity List" in May, effectively barring American tech companies from dealing with the Chinese firm. Based on a statement by AndroidAuthority.com, Huawei is now developing their own " Google Maps replacement" called the Map Kit .
More Than 1000 Pack Funeral for El Paso Massacre Victim Elodia Perches, co-owner of Perches Funeral Home , said the funeral home has received more than 400 flower arrangements so far. Funeral home staff urged attendees to be patient as people began rotating in and out of the service amid scorching heat.
OPEC released a statement on Friday stating that it expects a downbeat oil-market for the rest of 2019, with there being a major slow-down in economic growth, whilst also facing numerous challenges in 2020, with rivals wanting to pump more oil, resulting in OPEC having to restrain supplies even more to control the market. Meanwhile, a second week of unexpected rises in U.S. crude inventories is adding to the pressure.
"OECD oil inventories rose in June and stood 67 million barrels above latest 5-year average - the level originally targeted by supply cut deal".
The 45-year-old Bridesmaids actress and Saturday Night Live alum is set to marry Avi Rothman , her boyfriend of three years. Kristen first sparked engagement rumours in May after she was spotted wearing an eye-catching diamond on her ring finger.
At this point of time, McLaren only confirmed that the new model will use a version of McLaren's twin-turbocharged V8 engine. The new roadster will be aimed at providing "road-focused driving pleasure", with a bold open-cockpit design.
Global economic worries, amplified by tariff conflicts and uncertainty over Brexit, are also hitting European economies. Both reports underlined the widening economic cracks as the trade war between the United States and China intensifies.
Brown did file a grievance on the matter with the NFL Player's Association, but an arbitrator ruled against him on Monday. According to one of the Raiders' trainers who was overheard on the show, Brown's feet seem to be recovering well.
These devices have been receiving security updates for nearly 2 years now and HMD is extending that support by another year. Samsung still issues quarterly security patches to its Galaxy S7 flagships, even though they were launched in 2016.
Sitting on a garden bench next to Kareena-who has Taimur on her lap-Saif is seen in a red shirt, black vest, black jeans. The picture, that is now going viral, shows Saif cutting a cake as Kareena looks on with a glowing face.
In one exercise, two groups marched in formation with those in front raising shields as if to protect themselves from projectiles. A separate, pro-government gathering under the slogan "Save Hong Kong" has also been scheduled for Saturday.
People say we're not going to make the playoffs ... um ... that's insane to me. "I actually talked to K yesterday", Green said . It would not be smart to count the Dubs out. "He don't owe it to me to tell me before everybody else", Draymond continued.
The two companies are helping Wall Street breathe a sigh of relief after the worst day of trading in 2019. Following the release of Alibaba's earnings results, the company's stocks rallied on Thursday.
Pokhran is the place where India carried out nuclear tests in 1998 when Atal Bihari Vajpayee was the prime minister. Pokhran was also the site of India's first nucl-ear test in 1974 under the Indira Gandhi government.
In her letter, she promised to "respect any restrictions and will not promote boycotts against Israel during my visit". The group wants to pressure Israel economically into withdrawing from the West Bank and has other goals.
However, his chances of success were crippled by the Leader of the anti-Brexit Liberal Democrat party, Jo Swinson, who said Mr. Prominent members of Theresa May's cabinet are rising to block prime minister Boris Johnson from delivering a no-deal Brexit.
TV reporter, pilot killed in New Orleans plane crash
Parker was remembered as "a joy to work with each and every day" by FOX 8 Vice President and General Manager Tim Ingram, per WDSU. He spent countless hours introducing flying to area youth through the Young Eagles program and Civil Air Patrol.
Trevor Noah thinks Donald Trump is trying to deport Melania
The Daily Show host added that "in the wake of Trump's recent immigration crackdown", he's become concerned about the first lady. Noah said over an image of the White House. "He was trying to turn his in-laws into outlaws, which is super hardcore".
Mosquitoes test positive for west Nile virus in La Plata County
West Nile virus is the leading cause of mosquito-borne disease in the US , the Centers for Disease Control and Prevention says. Those most at risk of severe illness from West Nile Virus include those with pre-existing medical conditions and older adults.
Wallabies eye history as All Blacks face World Cup pressure
Reserves: Codie Taylor, Ofa Tu'ungafasi, Angus Ta'avao, Jackson Hemopo, Matt Todd, TJ Perenara, Ngani Laumape, Jordie Barrett. Also missing from the squad this week is 108-cap prop Owen Franks , who has been replaced by Chiefs tighthead Nepo Laulala.
Nicki Minaj will marry beau Kenneth Petty in less than 80 days
In March, Minaj sparked questions about whether or not she had married Petty after calling him her "husband" on her radio show. It was so hard to get to a happy place. "I don't think you knew [Cardi's] verse was going to sound like that , Budden said".
Surface Pro 6, Surface Book 2 locked down to 400 MHz
Unfortunately, that is likely too slow for you to make an effective backup of your files, so this option might not be the best. This includes throttling of the processing speeds to 400MHz and the chipset gets locked when it reaches the speed.
WeWork to test IPO investor appetite with widening losses
The company also reported that it had 527,000 members as of June 30, an increase of more than 90% from the year before. WeWork had been targeting a share sale of about $3.5 billion in September, people familiar with the matter have said.