News Oil 

Trump blasts OPEC, says cartel is keeping oil prices ‘artificially very high’ and that ‘will not be accepted’

“With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High!” writes John Melloy for cnbc.com. WTI oil prices hit a three-year high above $69 a barrel this week and were still trading above $68 on Friday. Oil prices retreated from their highs following Trump’s tweets: WTI crude was down 0.5 percent and Brent was 0.6 percent lower.The international benchmark, Brent crude, was above $73 on Friday after also hitting its highest level since November 2014 this week.President Donald…

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Futures News Oil 

Trump rails against high oil prices, OPEC pushes back

“The U.S. government cannot legally influence oil prices other than through releasing oil from its strategic reserves which it does occasionally” reports businessinsider.com. Earlier this week, three officials from the country, the world’s leading oil exporter, told Reuters they would be happy to see oil hit $80 or $100 a barrel.WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks.Since then, oil prices…

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News Oil 

Trump blasts OPEC: Cartel keeping oil prices ‘artificially very high’; ‘Will not be accepted’…

“With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High!” writes John Melloy for cnbc.com. WTI oil prices hit a three-year high above $69 a barrel this week and were still trading above $68 on Friday. Oil prices retreated from their highs following Trump’s tweets: WTI crude was down 0.5 percent and Brent was 0.6 percent lower.The international benchmark, Brent crude, was above $73 on Friday after also hitting its highest level since November 2014 this week.President Donald…

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News Oil 

Don’t listen to the noise — it’s not ‘mission accomplished’ just yet, Saudi oil minister says

“OPEC kingpin Saudi Arabia warned oil traders on Friday that a dramatic upswing in crude futures was little reason to become complacent” writes Sam Meredith for cnbc.com. OPEC and its partners meet in Jeddah, Saudi Arabia on Friday, with the 14-member oil cartel then set to reconvene on June 22 to review to its oil production policy.OPEC, Russia and several other allied producers have spearheaded an ongoing effort to try to clear a global supply overhang and prop up prices. Source: cnbc.com Share This:

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News Oil 

Asia tech shares spooked by phone warning, oil near highs

“Stocks in South Korea took a 0.3 percent dip, with the tech sector losing 1.6 percent” writes Midwest Communications Inc for 95kqds.com. Analysts at CBA noted market measures of inflation expectations had spiked higher this week as oil prices surged, with some hitting highs not seen since mid-2014.SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds.Oil prices were creeping up again after hitting their…

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News Oil 

Asia shares hit by tech warning, oil holds near highs

“Analysts at CBA noted market measures of inflation expectations had spiked higher this week as oil prices surged, with some hitting highs not seen since mid-2014” writes Midwest Communications Inc for 95kqds.com. Stocks in South Korea took an early 0.4 percent dip with the tech sector losing 1.6 percent.SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while lofty oil prices stirred inflation fears and undermined sovereign bonds.Oil prices edged back a touch after hitting…

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News Oil 

Oil remains close to late-2014 highs as ongoing supply cuts reduce inventories

“Brent crude oil futures were at $73.69 per barrel at 0129 GMT, down 9 cents from their last close” writes Midwest Communications Inc for 95kqds.com. SINGAPORE (Reuters) – Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn down excess supplies.Beyond OPEC’s supply management, crude prices have also been supported by an expectation that the United States will re-introduce sanctions on OPEC-member Iran.U.S. West Texas Intermediate (WTI) crude futures were down 7 cents at $68.22 a barrel. Source: 95kqds.com Share This:

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News 

This is the one retail category that doesn’t have too many stores

“The latest Forrester data forecasts U.S. online retail sales north of $506 billion in 2018, and sales exceeding $712 billion by 2022” writes Tonya Garcia for marketwatch.com. Technology and positive face-to-face interactions will be critical as well. “Retailers are trying to figure out the purpose of [their] stores,” said Melina Cordero, CBRE’s head of retail research in the Americas.Experts say more than $1.3 trillion of the total $3.7 trillion U.S. retail sales will be impacted by smartphones by the end of this year. “Further, should e-commerce penetration reach 25% by…

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News Oil 

Oil prices rise on optimism ahead of U.S. supply data

“Front and center for traders Wednesday will be the release of weekly petroleum supply data from the Energy Information Administration” writes Markets Reporter for marketwatch.com. U.S. supply data is likely to swing more into focus as geopolitical tensions surrounding Syria have receded somewhat.June Brent LCOM8, +0.84% the global crude benchmark, gained 65 cents, or 0.9%, to $72.23 a barrel, after inching up 0.2% on Tuesday.The data also showed a decline of nearly 2.5 million barrels in gasoline stockpiles, with inventories of distillates falling by 854,000 barrels, sources said.Oil futures rose…

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News 

Drug-overdose deaths expand supply of organs for transplant

“To do so, researchers combed the records of 138,565 dead organ donors and 337,934 solid-organ transplant recipients between 2000 and 2016” writes Melissa Healy for seattletimes.com. In any event, they concluded that overdose victims’ organs are not inferior to transplantable organs from other donors.Patients who lose all brain function as a result of stroke, heart attack or brain hemorrhage also become organ donors.As organ donors, victims of fatal drug overdose are a mixed lot.For most of the organs studied, the evidence “slightly favors” the use of organs from donors who…

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