News Oil 

U.S. oil climbs on tightening supplies; Brent oil edges lower

“Crude-oil futures on Tuesday saw mixed trade, with international benchmark Brent crude edging lower, while the U.S. benchmark rose amid reports of falling Saudi Arabian exports” writes Sarah Mcfarlane for marketwatch.com. The data confirmed comments from the Kingdom’s oil minister who said earlier this month that the country would further cut output.Trade talks between the U.S. and China were also being watched for further signs that could boost crude prices.West Texas Intermediate crude oil CLH9, +0.94%  gained 49 cents, or 0.9%, at $56.49 a barrel, while April Brent LCOJ9, -0.24%…

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GBP News Stocks 

British supermarkets battle to secure stocks as chaotic Brexit looms

“The last time Britain’s food supplies were seriously hit was when fuel protests prompted panic buying almost two decades ago, forcing some supermarkets to ration milk and bread and others to warn that stocks would run out in days” reports businessinsider.com. Another senior executive at a major British food retailer told Reuters they had seen no signs yet of Britons buying so-called ‘bunker lines’ – toilet paper, bottled water and tinned food. Source: businessinsider.com

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News 

big increase in the number of security incidents

“The attacks were aimed at sabotaging power supplies and manipulating water supplies or disrupting communications lines, the paper said, adding security authorities suspected foreign intelligence agencies were behind such attacks” writes Min Read for reuters.com. BERLIN (Reuters) – Germany has experienced a big increase in the number of security incidents hitting critical infrastructure such as power grids and water suppliers, the BSI cybersecurity agency said on Sunday, adding however that they were not all due to hacking.German and European authorities have become increasingly worried about the risk of security breaches…

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News 

Dell Chromebook 11 deal: Do all the Google things for just $130

“For a limited time, and while supplies last, the Dell Inspiron Chromebook 11 is $129.99 shipped (plus tax where applicable)” writes Rick Broida for cnet.com. Here’s a great deal on one from a premium brand.I’m not sure how long this deal will be live, and Dell stuff has a tendency to vanish quickly, so if you have interest in this, I recommend acting quickly.I’ve occasionally seen Chromebooks for less, but if you’re in the market right this minute, this is a decidedly good deal. Source: cnet.com

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Markets News Oil 

Oil heads for weekly rise of about 5% as U.S.-China trade talks progress, crude supplies tighten

“The oil field has capacity to produce more than 1 million barrels of oil a day” writes Markets Commodities Reporter for marketwatch.com. U.S. benchmark March West Texas Intermediate crude oil CLH9, +2.17% rose $1.03, or 1.9%, to $55.44 on the New York Mercantile Exchange.Week to date, WTI prices trade around 5.1% higher, while Brent was looking at a rise of 5.6%, based on FactSet data.Oil futures gained Friday, buoyed by signs of tighter global supplies and progress in trade talks between the U.S. and China, padding what will be a…

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Gasoline prices began to rise this week, the federal government reported Wednesday, as U.S. Gulf of Mexico refineries continued to be disproportionately affected by crude oil supplies from Venezuela lagging in response to U.S. sanctions.

“Oil prices went up on Tuesday by over a dollar on the heels of sanctions, even as EIA reported that oil inventories remained high” reports washingtonexaminer.com. Gasoline prices began to rise this week, the federal government reported Wednesday, as U.S. Gulf of Mexico refineries continued to be disproportionately affected by crude oil supplies from Venezuela lagging in response to U.S. sanctions.Still, the main driver of fuel costs is crude oil prices, she added.Hannah Breul, EIA’s lead petroleum analyst, told the Washington Examiner that fuel prices always rise a little in…

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News Oil 

Oil prices hold gains after EIA reports a bigger-than-expected rise in U.S. crude supplies

“The Energy Information Administration reported Wednesday that domestic crude supplies rose by 3.6 million barrels for the week ended Feb. 8” writes Markets Commodities Reporter for marketwatch.com. March West Texas Intermediate crude CLH9, +1.96% was up $1.26, or 2.4%, at $54.36 a barrel on the New York Mercantile Exchange.Gasoline stockpiles edged up by 400,000 barrels last week, while distillate stockpiles were up 1.2 million barrels, according to the EIA. The S&P Global Platts survey had shown expectations for a supply rise of 800,000 barrels for gasoline, but distillates were expected…

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GBP News 

A matter of life and death? UK stockpiles drugs as no-deal Brexit feared

“For Nora, “this could be matter of life and death,” Elgarf told Reuters at her home in southwest London” writes Midwest Communications Inc for 95kqds.com. If everyone does what they are supposed to, we are confident the supply of medicines will continue uninterrupted whatever the Brexit outcome.”. Elgarf wants to stock up on the drugs in case supplies are hit but she can’t because they are only available on a monthly prescription.”Hospitals, pharmacies, (family doctor) surgeries and patients should not stockpile medicines at any point during this process,” health minister…

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GBP News 

 Medicines ‘will be prioritised over food’ under a no-deal Brexit

“Medicines will be prioritised over food under a no-deal Brexit, the Health Secretary has declared” writes Laura Donnelly for telegraph.co.uk. Matt Hancock said more than half of drugs prescribed in the UK originate in European Union countries, as he insisted there is sufficient time left to ensure supplies are not disrupted .Asked whether medicines were more vital than food, the Health Secretary told MPs: “Of course, medicine will be prioritised.” He told a Commons select committee that Britain is far more reliant on EU imports for medicine than it is…

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