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Oil dips despite output curbs as market hopes for more

The strategy worked. Prices dropped precipitously in 2015, before bottoming out at around $26 per barrel in January 2016, and US shale production also started to fall. Investors seemed to focus on that reality on Thursday, when they pushed the price of crude to levels seen before OPEC's meeting in November. Conservative oil speculators may wish to wait for oil prices to break one of these levels ($49.60 on the upside or $48.50 on the downside) before potentially opening a trade. Read More »

Gianforte wins Montana's special election

Gianforte released a statement about the incident , alleging that Jacobs was aggressive. "When you make a mistake, you have to own up to it", Politico reports Gianforte saying at a victory party. Democrats can only hope they can keep Gianforte accountable through constituent action . Gianforte's ability to write his own campaign checks helped persuade Republicans to give him another chance, but in the end the winner's ample wallet was less of a factor than the $ 2 million he ... Read More »

Oil falls as OPEC prepares to extend output cuts

Major oil producers, namely Saudi Arabia, have been under pressure from a reduction of oil revenues since prices plummeted in 2014. Brent for July settlement slipped 17 USA cents to US$53.79 a barrel on the London-based ICE Futures Europe exchange. Read More »

Trump chastises NATO, vows to crackdown on leaks


In January, Trump labeled the European Union a " vehicle for Germany ", called Britain's decision to leave the bloc a "great thing" and said more countries would follow. Tusk said in a televised statement after the joint meeting with Trump that trade was one of the issues that remained "open". European leaders have been urging Trump not to abandon the commitment to cutting greenhouse gas emissions made when his predecessor Barack Obama signed up to the Paris accord. Read More »

Asia opens flat after OPEC extends output cut

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. Read More »

Bihar: 8 dead after bus catches fire in Nalanda


He said that locals attempted to extinguish the flame but failed."The charred human remains are yet to be taken out of the bus". The bus owned by a private transporter Baba Rath Travels was on its way from Patna to Sheikhpura district when it caught fire. Read More »

Stable gas prices expected to boost Memorial Day road trips


Historically low crude oil prices have worked in consumer's favor this year. In recent years, prices have risen 35 to 70 cents per gallon heading into Memorial Day, says Patrick DeHaan, an analyst for the price-comparison site GasBuddy. Retail gasoline prices vary significantly within the United States because of regional supply and demand balances, gasoline specification requirements, and taxes. Read More »

Are Analysts Bullish about DX (Group) PLC (LON:DX) after last week?

It has outperformed by 18.26% the S&P500. Finally, Barclays PLC increased their price objective on JD Sports Fashion PLC from GBX 430 ($5.59) to GBX 475 ($6.18) and gave the stock an overweight rating in a report on Wednesday, April 12th. The original version of this piece of content can be viewed at Read More »

United States growth in Jan.-March upgraded to still-slow 1.2 pct. rate


My current forecast is for at least 3.0 percent growth in real GDP in the second quarter, with the economy expanding by 2.2 percent for 2017 as a whole. With consumer sentiment hovering at lofty levels, consumer spending could pick up. Spending on equipment rose at a 7.2 per cent rate in the first quarter rather than the 9.1 per cent reported last month. Read More »

Ariana Grande Tour Could Continue Despite Bombing

Following the attack, supporters of the Islamic State group (ISIS) posted celebratory messages on social media and encouraged more "lone wolf" attacks. In an interview with AP from Tripoli , Ramadan Abedi said that he spoke to his 22-year old son five days ago who sounded "normal". Pressed on whether the Americans had compromised the investigation, she said: "I wouldn't go that far, but I can say they are perfectly clear about the situation and that it shouldn't happen again". Read More »

Theresa May launches Conservatives' manifesto for Wales

Britain's pound fell back below $1.30 on Monday after the polls showed May's lead had fallen. What was not included in the proposals was a cap on the total contributions of social care. Before today we weren't seeing many serious bets for the Labour party, however the latest headlines have led many to believe Corbyn coming into power could become a reality. Read More »

Mark Zuckerberg Calls for Universal Basic Income in His Harvard Commencement Speech

The Harvard speech appeared to be a moment for Zuckerberg , who created Facebook in a dorm room not far from the commencement ceremonies, to lay out a number of policy positions he believes will create better global systems. Zuckerberg is the youngest personality who followed another famous Harvard dropout, Bill Gates , who spoke before its graduates a decade ago. One in which everyone gets free money so they can develop the next Facebook . Read More »

US Fed to 'soon' raise interest rates

Sears SHLD.O jumped 8.4 percent to $8.10 after the retailer reported its first quarterly profit in almost two years, while Best Buy BBY.N rose almost 11 percent after issuing its quarterly results. The gradual process is expected to prevent any surprises in the markets. At the moment, the central bank is reinvesting the principal of the maturing securities to hold the balance sheet steady. Read More »

OPEC extends oil cuts for nine months

OPEC hadn't yet announced the production levels for the agreement on Thursday. Earlier in May, for example, both Saudi Arabia and Russian Federation, who is not a member of OPEC but is seen as a critical part of any potential agreement, said they backed extending the production cuts until March 2018. Read More »

Recent Analysts Ratings Precision Drilling Corporation (PDS)

Shell Asset Management Co.'s holdings in Precision Drilling Corp were worth $180,000 at the end of the most recent quarter. In other news, Director Carey Thomas Ford bought 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 14th. Read More »

HSBC Holdings plc Lowers Debenhams Plc (DEB) Price Target to GBX 42

Peel Hunt reaffirmed a "buy" rating and issued a GBX 1,800 ($23.23) price objective on shares of WH Smith Plc in a research note on Wednesday, January 25th. ILLEGAL ACTIVITY NOTICE: "Polymetal International PLC (POLY) Given New GBX 1,195 Price Target at Panmure Gordon" was published by Markets Daily and is the property of of Markets Daily. Read More »

Company to shut down well linked to fatal Colorado explosion


The cause of the explosion is under investigation . Additionally, Anadarko has promised to fund the purchase of natural gas detection devices for residents. The blast is the latest headache plaguing Anadarko, the company investigators said is at the center of both incidents. Anadarko Petroleum is under investigation for owning a gas well linked to the Firestone explosion. Read More »

Greece's ex-PM injured in letter bomb attack, police say

The Greek media minister condemned the bombing, calling it a "heinous act". Greek state TV reported that Papademos's injuries were not life-threatening. He led the interim coalition government that was known for steering Greece through the financial crisis and negotiated the huge write-down of its debt. Read More »

New Zealand launches first rocket from private site


Professor Andrew Dempster, director of the Australian Centre for Space Engineering Research, said the Rocket Lab launch was an important milestone. A rocket, partly made of carbon fibre, has launched into space from a remote site in New Zealand. Read More »

OPEC Agrees 9-Month Extension To Production Cut, WTI Oil Price Slides

Strict compliance level among OPEC members can increase oil prices to $50-$55 a barrel range from sub-$50, but it will also encourage United States shale producers to boost production, limiting output-cut effects. Wood Mackenzie said that, if meetings Thursday result in agreements to a deeper cut in production, oil would move to just over $60 per barrel. The Organization of Petroleum Exporting Countries - a cartel of major oil producers - extended the deal that started in January to ... Read More »

Oil drops after OPEC-led output cut extension falls below expectations

OPEC production cuts we are working on diversification of crude oil import sources and looking beyond the Middle East", said Kim Wookyung, a spokeswoman at SK Innovation, owner of South Korea's largest refiner SK Energy. In that sense, OPEC is a victim of rising expectations and its own efforts to inspire confidence in the oil market. Oil inventories have finally started to fall because of the initial production cuts, he said, with US stockpiles falling for seven straight weeks. Read More »

ITC Q4 profit rises 12% on higher cigarette sales, shares up 3%


From the cigarettes business, in Q4FY17 the standalone net revenue stood at Rs 8954.94 crore as against Rs 8545.46 crore in the previous quarter and Rs 8287.97 crore in Q4FY17, a rise of 8% on yoy basis. This was "primarily driven by a 8 per cent growth in the non-cigarette FMCG segment, 10.8 per cent growth in agri business and 5.1 per cent growth in the cigarettes segment", it added. Read More »

Zuckerberg urges Harvard grads to build a world of 'purpose'

The theme of his talk was objective, which he said would be even more important in the future when more people are entrepreneurs and "tens of millions" of jobs are lost to automation. "Forces for the flow of knowledge, trade and immigration, against those who would slow them down", said Zuckerberg. Let us tell the world your success story. Read More »

British Police Decry Apparent US Leaks Of Manchester Attack Evidence

British police have resumed "working closely" with United States authorities on the probe after a row over intelligence leaked to American media outlets . The investigation into the Monday night bombing at an Ariana Grande concert , which killed at least 22 people, has resulted in multiple arrests. Rowley, who is assistant commissioner for specialist operation in the Metropolitan police, said: "We greatly value the crucial relationship with our trusted partners around the world so we can ... Read More »