The Senators Pestered The Shit Out Of Sidney Crosby
G7 Summit ends without U.S. joining consensus on climate change
Neophotonics Corporation (NYSE:NPTN) Just Reported Decreased Shorts
British Airways disruption continues for third day
Express Scripts Hldg Co (ESRX) Position Held by Gotham Asset Management Llc
OPEC, Russia Want Longer Period of Production Cuts
19 May 2017, 11:33 | Austin Hogan
Oil Tumbles to Five-Month Low as US Production Builds
Saudi Arabia and Russian Federation may have agreed to extend oil production cuts into 2018, but a rogue OPEC member like Iraq could still derail the plan, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.
"The agreement needs to be extended as we will not reach the desired inventory level by end of June", Saudi Arabia's Khalid Al-Falih said during the event with Russia's Alexander Novak.
Benchmark futures prices for US crude rose 3.2% on the news to trade at $49.41 a barrel by 0800 Eastern Time, while shares in big shale oil and gas companies such as and Whiting Petroleum were also higher.
The ministers will consult with other oil-producing countries with "the goal of reaching full consensus on the 9-month extension" they are seeking, the statement said.
Opec, Russia and other producers originally agreed to cut output by 1.8-million barrels per day in the first half of 2017, with a possible six-month extension.
Rough landing kills two aboard cargo plane
Yeager Airport Police Chief Joe Crawford said in the release, "Our thoughts and prayers are with the families and friends of Mr. Mike Plante, a Yeager Airport spokesman, said the dead are the pilot and co-pilot, who were the only ones aboard the plane.
OPEC and some non-OPEC producers agreed in December to cut output by 1.8 million barrels per day for six months to help stabilize oil prices.
Oil prices have gained support from the supply cut pact but high inventories and rising United States production have acted as a brake on the recovery.
However, there is no final deal yet despite the pledge by Saudi Arabia - the world's top exporter and de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC) - and top producer Russian Federation, as the 12 remaining OPEC members and other producers participating in the cuts have to agree to the extension during a meeting on May 25.
Oil halted gains near $48/bbl after US rigs targeting crude rose a 17th week, countering a report that OPEC and other major producers reached an initial agreement to extend output cuts. Oman said it fully supported the idea of a nine-month extension. At that rate, according to a report at Bloomberg, by the end of this year, lower crude production will remove about 120 million barrels from global stockpiles. USA output has risen more than 10% since the middle of a year ago, and data released on Friday by oil services firm Baker Hughes showed that the number of active rigs across the country rose for the 17th week in a row.
The first source familiar with Iranian thinking said it was necessary to support prices to ensure there is enough investment in supplies to avoid shortages in future, echoing a view often expressed by Saudi Arabia.
IShares Edge MSCI USA Size Factor (SIZE) Rises 0.48% for May 19
Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
Windows 10 S won't be able to run Linux distros
The Windows team is committed to delivering built-in assistive technology that exceeds our users' needs and expectations. The service includes the ability to extract text from images using optical character recognition.
Analysts Reveals Updates on Horizon Pharma Ord (NASDAQ:HZNP)
Finally, Highbridge Capital Management LLC increased its stake in shares of Horizon Pharma PLC by 128.2% in the first quarter. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Former asst. special counsel: Don't expect public updates
Congressional leaders have emphasized that House and Senate investigations will continue irregardless of other investigations. In naming Robert Mueller , the United States deputy attorney general said it was in the public interest to pick an outsider.
Trump May Take Spicer Off the Briefings
In related news, Trump is reported to be "furious" that Fox News host Kimberly Guilfoyle has openly sought Spicer's job . Last week , Trump threatened to cancel all future press briefings "for the sake of accuracy" in an early morning tweet.