Oil prices rise on United States economic data, virus concerns limit gains
03 Juillet, 2020, 10:18 | Auteur: Auguste Feret
U.S. West Texas Intermediate (WTI) crude futures fell 13 cents, or 0.3%, to $39.69 a barrel at 0024 GMT, trimming a 1.4% rise from Wednesday. "Both contracts are coming under stronger pressure this morning as the spectre of lockdowns returns", said JBC Energy.
New U.S. COVID-19 cases rose by almost 50,000 on Wednesday, according to a Reuters' tally, in the biggest one-day spike since the start of the pandemic. Health experts have expressed concerns about record numbers of new cases in countries like the US India and Brazil, as well as new outbreaks in parts of Asia.
Brent crude futures eased six cents, or 0.1 per cent, to $41.97 a barrel, after rising 1.8 per cent in the previous session.
"But worrisome for oil prices are the densely populated southern U.S. states that have been ravaged by the virus and are among the US's most weighty consumers of gasoline".
The US Energy Information Agency reported that US crude inventories declined by 7.2 million barrels for the week-ended June 26.
The Nigerian government had, on Wednesday, increased the pump price of petrol by over N20 as a result of steady rise of crude oil in the global market.
China births another pandemic potential virus
In 2009, the H1N1 virus first circulated among humans in the USA after spreading in pig farms like the ones studied in China. The paper is a report from a program that periodically tests pigs on farms to see if they have any interesting new viruses.
Lunar Eclipse 2020: Date, Time, Significance And More
Penumbral eclipses are not as exciting because they unfold in the penumbra - a diffuse shadow cast by the Sun and Earth. In this kind of eclipse, the moon misses the inner, darkest part of Earth's shadow, which would make it turn deep red.
"Counter-seasonal builds in gasoline inventories as stockpiles unexpectedly rose are not precisely a bullish delight, " AxiCorp strategist, Stephen Innes, said in a note.
"The demand concerns continue to linger amid a rise in gasoline stockpiles as the number of confirmed coronavirus cases in the United States climbed to an all-time high of more than 50,000 on Thursday".
The US PMI, due later on Wednesday, is forecast to show that activity in June continued to recover from an 11-year low in April, while the non-farm payrolls report on Thursday is expected to show the economy added 3 million jobs in June.
All eyes will be on driving activity in the United States over the upcoming July 4th holiday weekend and how quickly USA producers revive shut-in production, analysts said.
The increase came the same day the federal government lifted the ban on interstate travel.
It's the best way to watch player interviews, exclusive coverage from events, participate in live shows, and more! But with an agreed plan for strict medical protocols, the league and its players believe it is safe to resume.
It's fair to say criticism has not been in short supply during the England international's short-lived Villa career thus far. Eric Djemba-Djemba has backed Manchester United to sign Jack Grealish - but he's sent a warning to the Aston Villa captain.
Après des dizaines et des dizaines de théories, le groupe originaire de Corbeil-Essonnes a dévoilé les dessous de cette connexion. Ce mercredi 24 juin, PNL a surpris tout le monde en publiant sur ses réseaux, une courte animation du logo Netflix .
A team of Trinity College Dublin researchers has reported the disappearance of an unstable, massive star in deep space. Prof Groh added: "We will likely need to wait a few years before confirming what fate befell this particular star".
Tanguy Kouassi a rallié le Bayern Munich et Thiago Silva quittera Paris à la fin de son contrat dans quelques semaines. Aucune discussion n'aurait toutefois eu lieu pour le moment et deux clubs anglais auraient déjà montré de l'intérêt.
The man indicated he wanted to speak to the prime minister but surrendered peacefully to police, a source told Global News. The government is still working on whether to renovate 24 Sussex Dr., where past prime ministers have lived.
Gustave Perna, who Trump nominated to help lead the administration's effort to develop and produce a coronavirus vaccine. Alexander Vindman , a key witness in President Donald Trump's impeachment inquiry , won't be blocked.
Exports subject to the Export Administration Regulations ( EAR ) to Hong Kong can no longer enjoy export license exceptions. Hong Kong abolished the death penalty in 1993 and hasn't carried out an execution in more than a half century.
U.S. trade deficit rises 9.7% in May to $54.6 billion
May's decline amounted to a almost $469 million drop in exports, which are down $897 million from this time previous year . Similarly, export of meat products has shown good growth, while tobacco shows a promising future.
Blue Jays granted exemption to train in Toronto
Toronto will move camp from its spring training complex in Dunedin, Florida, where players reported for intake testing. Shapiro said the likeliest option for home games - if they can't stay in Toronto - would be TD Ballpark in Dunedin.
Saroj Khan, who made Sridevi, Madhuri dance, passes away
Actress Manisha Koirala reacted to Saroj Khan's death with this tweet: "It was she who taught me film dance once I joined films". Veteran Bollywood choreographer Saroj Khan passed away on Friday, 3 July, after a cardiac arrest, as per an ANI report.
FedEx asks Washington Redskins to change team name
The site of RKF Stadium, where Washington played from 1961-96, is owner Dan Snyder's preferred location for a renovated stadium. In November 2019, Nike also reportedly omitted Washington's team name from a "Salute to Service" merchandise campaign .