Business

Oil rises as Nigerian pipeline leak overshadows supply worries

Oil rises as Nigerian pipeline leak overshadows supply worries

West Texas Intermediate, the U.S benchmark for the price of oil, was down 0.9 percent to $45.31 per barrel. Crude oil prices settled sharply lower in futures market on Friday, on worries that U.S. The leak shows "the production trend in Nigeria is far from stable", said Carsten Fritsch , senior commodity analyst at Commerzbank . USA data this week showed a surprise 3.3-million-barrel build in crude stocks to 513.2 million barrels.



Former Scottish Nationalist Leader Salmond Loses Seat

SNP leader Nicola Sturgeon will be joined by her husband Peter Murrell in Glasgow while Scottish Conservative leader Ruth Davidson and Scottish Labour leader Kezia Dugdale will attend polling stations in Edinburgh . "Once we know what the final result is tomorrow ... we will want to, if we possibly can, try to be part a progressive alliance which is an alternative to the Tories".



Oil falls following U.S's withdrawal from Paris Agreement

Too rapid a growth risks "potentially oversupplying the market and revisiting 2014" - a reference to the year when crude prices hit levels south of $40 a barrel. The U.S. inventories data provided some relief after a week of negative news on the global supply-demand balance. Benchmark Brent crude futures were off by 1.8 per cent at $49.73 per barrel at 1415 GMT, down 90 cents from the previous close.


Nordstrom Family Members Begin Search for Buyout Partner

Nordstrom Family Members Begin Search for Buyout Partner

The firm believes JWN would have to make a compelling case to a sponsor/creditor that the market is significantly underestimating the EBITDA trajectory in its 5-year LBO scenario (which assumes +3.4% rev and +4.3% EBIT 5-yr CAGRs... Investors bought 2,004 put options on the stock. Morgan Stanley boosted its stake in shares of Nordstrom by 9.8% in the first quarter. First Trust Advisors LP now owns 264,500 shares of the specialty retailer's stock valued at $12,318,000 after buying an ...


Trump Administration Tries to Salvage Gulf Relations, Contra Trump

Trump Administration Tries to Salvage Gulf Relations, Contra Trump

Late Tuesday, Qatari Foreign Minister Mohammed Bin Abdulrahman Al-Thani said on Qatar-based Al Jazeera television that his country was ready for global mediation, adding that the emir had postponed a national speech on the crisis to leave Kuwait more room to "proceed and communicate with the parties to the crisis and to try to contain the issue".



Comey says Trump fired him to undermine FBI Russia investigation

Comey stop investigating anyone". While Comey claimed that he leaked his memos in reply to a tweet , a statement by Trump's lawyer claimed the New York Times quoted the contents of Comey's memos long before the time frame of the referenced tweet.