Business

Oil prices climb off ten-month lows as US stockpiles drop

Oil prices climb off ten-month lows as US stockpiles drop

This is a trend that has undermined efforts by OPEC to assist the market while cut down output. Data on June 16 showed a record 22nd consecutive week of increases in US oil drilling rigs . While some increases in production were expected, the pace of Libya's output is particularly surprising. Meanwhile, cargo tracking updates from energy data provider Kpler revealed that global crude oil floating storage had hit the highest level since the start of 2017, at an average of 102 ...


Matt Murray makes history with Stanley Cup victory

Matt Murray makes history with Stanley Cup victory

The Penguins also needed the second-latest clinching goal in regulation to finish off the Predators , who had played their way to their first Stanley Cup Final after being the last team into the playoffs. In addition to Crosby's NHL accomplishments over the a year ago, he also led Canada to a World Cup of Hockey gold medal and was named MVP in that tournament.


Tropical Storm Cindy: Child dies on Alabama Coast

Tropical Storm Cindy: Child dies on Alabama Coast

At that time, the third named tropical storm of 2017 had weakened slightly, with maximum sustained winds dropping from 60 miles per hour to 50 miles per hour, the National Hurricane Center said. In Georgia, heavy downpours caused flash flooding, leaving people trapped. Meteorologists say the precipitation will taper off Saturday as drier air enters Arkansas and as the remainder of the tropical storm pushes into Tennessee.



Queen outlines UK government agenda in speech to Parliament

In remarks in the debate that followed the speech , she acknowledged government failings in helping victims of the London high-rise fire on June 14 that killed at least 79 people. Jeremy Corbyn , leader of the main opposition Labour Party, shot the agenda down as "threadbare" and sign of a government "in chaos". The speech was as notable for what it omitted as for what it included.



The Lee Financial Co Decreases Stake in GlaxoSmithKline plc (GSK)

The firm has "Buy" rating given on Monday, November 23 by Nomura. The firm earned "Underperform" rating on Monday, February 6 by Bernstein. JP Morgan maintained Rightmove Plc (LON:RMV) on Monday, February 27 with "Neutral" rating. The institutional investor held 291,807 shares of the consumer services company at the end of 2016Q4, valued at $20.75 million, up from 286,365 at the end of the previous reported quarter.



Stocks buoyed by tech rebound; Dudley remarks lift Treasury yields

The dollar was lifted on Monday when New York Fed President William Dudley said that tightening in the labour market should help drive up inflation. The 10-year note added 1.3 basis point to 2.173%, while the 30-year bond was up 0.8 basis point to 2.748%. For 2018, the Federal Reserve Bank is anticipating at least 3 rate hikes.