Asian shares conquer 10-year peak, oil up on Iraq tensions
17 October, 2017, 21:24
Brent crude oil was up 25c at $58.07 a barrel by 8.45am GMT, up nearly a third from its mid-year levels.
US crude oil futures settled at $51.87 per barrel, up 42 cents or 0.82 percent, while Brent settled at $57.82, up 1.2 percent on the day. 78 per barrel, slightly down from their last settlement, but 2 percent higher than last Friday and nearly a quarter above mid-June levels.
Oil prices have remained stable, continuing with previous gains made due to the ongoing conflict between Iraqi and Kurdish forces that can cut off crude supplies from northern Iraq, as well as the continued political tension between the United States and Iran.
"In the case of Kurdistan, the 500, 000 bpd Kirkuk oil field cluster is at risk with initial reports that 350, 000 bpd has shut in although this remains unclear", Goldman Sachs said on Tuesday.
Tension between the U.S. and Iran is rising, also raising the global risk premium for oil.
"The market is going higher despite all the news flow of geopolitical events", said Jeff Zipper, managing director at U.S. Bank Private Client Reserve in Palm Beach, Florida.
With (Other OTC: WWTH - news) supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) tightening the market, analysts have been raising their oil price forecasts. The cuts are likely to be shared again by non-OPEC members led by top oil producer Russian Federation, which lessened output joining OPEC from January. It may take time to break above; meanwhile, crude oil prices could travel between $50 to $52.30 levels.
According to Birol the rate of compliance by OPEC and its partners in their targeted cutting of around 1.8 million between January this year and March 2018 was about 86 percent.
Copper jumped 3.7 percent to $7,134 per tonne on the London Metal Exchange, after touching the July 2014 high of $7,177 a tonne, driven by economic data from China, the world's top copper consumer.
The euro EUR= slumped 0.25 percent to $1.1792, while the dollar index .DXY added to gains, rising 0.21 percent as investors repositioned following disappointing inflation data on Friday that sent the greenback lower.
In terms of optics, the Micromax Bharat-1 features a 2-megapixel rear-facing camera and 0.3-megapixel (VGA) front-facing camera. The Bharat-1 feature phone comes pre-loaded with BHIM UPI payments app, as well as BSNL's wallet app, the executives said.
Pai previously lamented the number of complaints the FCC received about taking away licenses from cable broadcasters. The FCC doesn't issue broadcast licenses to networks, but it does issue licenses to individual stations.
This is even as Forbes magazine's in its latest estimate cuts Trump's net worth by $600m in the NY property market. In fact it now takes a record $2 billion to make the cut of the richest 400 Americans.
Additional text says "your child can play the role of a World War II hero with this girls' World War II costume". Spokesman Ross Walker Smith tweeted Sunday that the costume had been pulled from the website.
For those unaware, recent reviews on the anonymous employer rating website Glassdoor seemed to paint the company in a bad light. Moreover, the team revealed that it has doubled its headcount since The Witcher 3: Wild Hunt , and that it is still hiring.
Police in Washington DC are responding to reports of an active shooter at Howard University , reports NBC 4 Washington . The university said it "took the call seriously" and contacted police so they could investigate.
Following the completion of the transaction, the director now owns 60,834 shares of the company's stock, valued at $12,135,774.66. Vanguard Group Inc holds 11.91 million shares. 20,000 shares valued at $1.37M were sold by FARRELL PETER C on Thursday, May 4.
At Sainsbury's, sales grew by 1.9 per cent on past year , while market share dropped by 0.2 percentage points to 15.8 per cent. Of the big chains, only the Co-op recorded a sales fall, with turnover slipping 2.5 per cent during the period.
The Xbox One X will launch with these changes, and Microsoft also detailed options on transferring data to the upcoming console. Microsoft has rolled out their Spring update to their consoles, which is notable for one big reason: A new, new Dashboard.
Earnhardt broke the news on Monday via his Instagram account that he and wife Amy are expecting their first child. Dale Earnhardt Jr . will have a new job next season, and it has nothing to do with motorsports.
Columbus Crew could leave OH for Texas
NOTE: Please be aware that you will need an active Bet365 account to watch New York City FC v Columbus Crew in USA MLS. The Crew is 20th in attendance this season out of 22 MLS teams with an average of 15,439, despite making the playoffs.
Pro-Trump States Most Affected By His Health Care Decision
Hospital stocks edged lower in Thursday trading, with HCA Healthcare down 1.7 percent and Tenet Healthcare down 2.6 percent. One-third of the counties in the United States only had one insurance carrier in their market places in 2017.
Fighter jet pilot dies in crash near Madrid
Mr Pérez Serrano joined the air force in 2009 and had logged more than 700 flight hours, Spanish media reports. According to El Pais , mechanics had warned that the engine was making "a unusual noise" before takeoff.
3 roofers set hammers aside to stand for National Anthem
Shanon Gurski Dixon told WMTW she hopes a national personality will see the photo and honor the men for their patriotism. The men in the photo are identified as Dwayne Harrison, Danny Thyng, and James Scruggs, according to Cossar.
'Trailer Park Boys' Actor John Dunsworth Dead at 71
Dunsworth would like to let people know that our incredible husband, father and grandfather John Dunsworth has passed away". It's quite possible no one has ever played a drunk better on screen than John Dunsworth - who is sober in real life.
Google's new Advanced Protection Program helps high-risk users
Though now sign up requires using Google's Chrome browser because Google says it supports the U2F standard for Security Keys . Google's program adds a bluetooth key, so that Advanced Protection can work when logging in on a phone as well as a laptop.
Google Maps gets - and then loses
And it could be very a negative (or even triggering) experience for people who have an eating disorder. Others said Google was shaming them for opting to take alternative routes, rather than walking.