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The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.
Persons: , Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe
One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner's solid quarter. The recent action in the Club stock has us wondering if a big buyer is lurking out there. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Federal, Club, Marshalls, Nvidia, Moderna, Tech, Enphase Energy, Corp, BJ's Wholesale, Jim Cramer's Charitable Locations: Maxx
"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.
Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City
A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer, the company said in a statement. CNBC reported last month Red Lobster was seeking a buyer, weighed down by significant debt and long-term leases. At the time, it was tough to predict that Red Lobster would see sales drop as much as they have. "This restructuring is the best path forward for Red Lobster," Tibus said in a statement late Sunday.
Persons: — Jonathan Tibus, Alvarez, Marsal, Tibus, Red, we've, General Mills, Darden, Kim Lopdrup, Paul Kenny's, Kenny Organizations: CNBC, Golden, Darden, Food, General, Thai Union Group, Thai Union, Red Lobster, Seafood Alliance, Thai Locations: Rohnert Park , California, U.S, Canada, Orlando , Florida, Olive, Thai
PHOENIX, AZ- The Phoenix skyline is seen from the ferris wheel at the Arizona State Fair on Oct. 8, 2022, in Phoenix, Arizona. Joshua Lott/The Washington Post | Getty ImagesPhoenix is closer to winning the war on inflation than most other cities. "Housing inflation remains my most valuable indicator for the immediate future," Federal Reserve Bank of Chicago President Austan Goolsbee said last month. And in Phoenix so far, both rents and home sales have cooled down over the last year. 'Past the worst' of a housing crunchRent's impact on inflation
Persons: Joshua Lott, Joe Biden's, Austan Goolsbee Organizations: PHOENIX, Arizona State Fair, Washington Post, Getty, Federal Reserve, Bureau of Labor Statistics, Reserve Bank of Chicago Locations: AZ, Arizona, Phoenix , Arizona, Phoenix, , Maricopa County
Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."
Persons: Berkshire Hathaway, Chris Bloomstran, , Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's
In today's big story, we're looking at how Zyn nicotine pouches are becoming the new weight-loss quick fix . A new weight-loss quick fix is making the rounds just in time for summer's unofficial start (Memorial Day), but this one relies on a highly addictive drug. However, one doctor Hilary spoke to has concerns about the effects of using nicotine to lose weight. Wilson, Amazon, Albany Times Union/Hearst Newspapers/Getty, Creative Crop/Getty, Tyler Le/BIOf course, you don't have to rely on a highly addictive drug to lose weight. Disney CEO Bob Iger said he's giving too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+.
Persons: , Michael M, Rebecca Zisser, Hilary Brueck, Mia de Graaf, Hilary, they're, They're, Wilson, Tyler Le, I'm, BI's Jordan Hart, padel, Gabby Landsverk, Jamie Dimon Jamie Dimon, Jerome Powell, Bob Iger, Bernstein, Rouco, Zers, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Business, Getty, bros, Albany Times Union, Hearst Newspapers, Creative, CNBC, JPMorgan, GameStop, Disney, Big Tech, Hulu, Google, Big, Microsoft, Wall Street, Citi Locations: Amazon, China, Ireland, Australia, millennials, New York, London
Now, Zyn users are buzzing about another purported side effect: Some claim that their habit has triggered weight loss. Andrea Hernández, author of consumer trend newsletter Snaxshot, pointed out this craze this week, sharing a collection of social media posts about Zyn and weight loss. "I've used Zyn nicotine pouches occasionally over the past few years but have started to use them regularly because they help me focus and curb my hunger," a Reddit user wrote in r/intermittentfasting. While nicotine pouches circumvent the health effects of cigarettes that are caused by tobacco, they still do a number on your body. She worries that "we don't fully understand how nicotine works to regulate appetite in people, specifically with obesity."
Persons: , Tucker Carlson, Carlson, Andrea Hernández, I've, Carolyn Bramante, Bramante, vapes, Slim, Apple AirPods, Philip Morris, Forget, I'm, Elon Musk, Charles Barkley, Hernández, Michael M, Beverly Tchang, Tchang, Iuliia Burmistrova Organizations: Service, Business, University of Minnesota, FDA, Lucky, Samsung, Getty, Weill, Philip Morris International, Swedish Locations: New York
Reports of a slim iPhone arriving in late 2025 are emerging. An analyst's note and a report from The Information suggest an "iPhone 17 Slim" is in the works. Apple launched its thinnest iPad last week, while the iPhone 16 is expected to launch in September. The Information reported Friday that five people knowledgeable about the project said a thinner iPhone could debut alongside the iPhone 17 in September 2025. The project, internally called D23, is said to be a "major redesign" that will cost more than the iPhone Pro Max, which is priced at $1,200, The Information reported.
Persons: Organizations: Apple, Service, Business
Venezuela’s 2024 Presidential Vote: What to Know
  + stars: | 2024-05-16 | by ( Genevieve Glatsky | ) www.nytimes.com   time to read: +1 min
For the past 25 years Venezuela’s government has been controlled by Chavismo, the socialist movement that began with the democratic election of Hugo Chávez in 1998 and has since grown more authoritarian. When Mr. Chávez died in 2013 his protégé Nicolás Maduro narrowly won the presidency. Venezuela’s economy imploded nearly a decade ago, prompting one of the world’s largest displacements in Latin American history. The flow of Venezuelans and other migrants to the United States has become a dominant theme in the U.S. presidential campaign. This is the first Venezuelan election in more than a decade in which an opposition candidate has a reasonable — if slim and improbable — chance at winning.
Persons: Hugo Chávez, Chávez, Nicolás Maduro Organizations: Chavismo, U.S Locations: United States
It was his only day off from working 12-hour shifts at a Chinese restaurant in New York City. Evelio Contreras/CNNAfter arriving in New York, Ye spent a week in a Manhattan shelter. For Chinese asylum seekers like Ye, there is a well-trodden route to residency in the US. … It’s impossible for them to be spies.”But the rhetoric around the rise of undocumented Chinese migrants highlights growing tensions between the US and Chinese governments. He received permanent US residence a year later and has gone on to help Chinese migrants in Flushing.
Persons: Ye Chengxiang, , , Ye, Evelio Contreras, Amy Hsin, Jiang Zhen, Yong Xiong, Xi Jinping, Biden, Mark Green of, Wan Yanhai, , Jiang, “ It’s, I’m, Melanie Stetson Freeman, ’ Wan, Flushing . Li Jiada, Li Jiada, Jesus, Li Organizations: NY CNN, Central America, CNN, Queens College, Customs and, Embassy, Central, Chinese Ministry of Foreign Affairs, China, Republicans, Republican, House Homeland Security Committee, Communist Party, Christian Science, Customs Enforcement, of, Yorker Locations: Flushing, NY, New York City, China, Communist, Ye, States, Colombia, Darien, South, Central, New York, Manhattan, Flushing’s, Sunset, Mexico, Central America, Queens, Hunan province, Guangdong, Chinatown, , Flushing , New York, San Francisco, Mark Green of Tennessee, Beijing, Flushing ., Flushing , Queens
Read previewRep. David Trone, one of the wealthiest members of Congress, spent over $60 million of his own fortune to try to win a Democratic Senate primary. With nearly 40% of all votes in, Prince George's County Executive Angela Alsobrooks is projected to have defeated Trone in Maryland's Democratic US Senate primary, according to Decision Desk HQ. Schumer can't afford to lose the Senate seat if he wants to keep the party's slim majority in the chamber. Related storiesAnd Alsobrooks — who was endorsed by Maryland Democratic heavy hitters including Gov. Republicans see Montana and Ohio as their top Democratic Senate targets this year, while also looking to compete in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.
Persons: , David Trone, Angela Alsobrooks, Trone, Alsobrooks, Larry Hogan, Hogan, Chuck Schumer, Schumer, Alsobrooks —, Wes Moore, Sen, Chris Van Hollen, Steny Hoyer —, Maryland doesn't, West Virginia Sen, Joe Manchin's Organizations: Service, Democratic Senate, Associated Press, Democratic, Senate, Republican, Business, GOP, Democrat, Wine, Democratic Party, Maryland, CNN, Republicans, Maryland Democratic, Gov, CBS, WUSA9, The Washington Post, West Virginia, Maryland — Locations: Prince George's, Maryland, Trone, Washington, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin
In the pitch-dark auditorium of Rome’s Teatro Costanzi, a high-pitched lament floated from the top galleries. Dozens of flashlights snapped on, their beams crisscrossing crazily, seeking the source of the sound. The shafts of light homed in on a spectral figure — a slim, dark-haired woman dressed in white, moving at a funereal pace and plaintively singing. In the audience, 130-odd children, ages 8 to 10, let loose squeals, some gasps, and one “it’s not real.” Several called out “Emma, Emma.”The children had just been told that the Costanzi, the capital’s opera house, had a resident phantom. This was said to be the spirit of Emma Carelli, an Italian soprano who managed the theater a century ago, and loved it so much that she was loath to leave it, even in death.
Persons: Emma, , Emma Carelli Locations: Italian
Kate MedleyThe Obama Gas Station in Columbia, South Carolina, got its name in 2008 following the general election because of the community's support for President Obama's campaign. She visited around 150 gas stations and quick stops in total, finding the unique curation of each space compelling. A gas station in the Mississippi Delta offering an all-you-can-eat-buffet, which Medley visited in 2013. Kate Medley“The closest gas is 30 miles away,” Amanda Simonson, the general manager, told Medley when she walked in, according to Medley’s book. Medley photographed a former gas station in the Arkansas Delta, which had become a modest Baptist church.
Persons: Kate Medley, crawfish, Quik Shoppe, Medley, Marta Miranda, Kate Medley Mike Moatts, Dhinal Patel, Obama's, Kate Medley “, , Gurjeet Singh, Singh, Kate Medley Saint Louis Saveurs, Mouhamadou, Saint Louis Saveurs, , ” Amanda Simonson, Jeff Poynor, she’s, Slim Jims, I’m Organizations: CNN, Institute, Market Express, Obama Gas Station, Mississippi Museum of Art, Scouting, Kwik Chek, Shell, Mississippi Delta, Arkansas Delta, Red Bulls Locations: Oxford , Mississippi, American, Charlotte , Carolina, Elberta , Alabama, Columbia , South Carolina, Jackson, Memphis , Tennessee, Hammond , Louisiana, Chandigarh, India, Indian, Greensboro , North Carolina, Bator, Senegal, Greensboro, Mouhamadou, Elaine , Arkansas, Mississippi, Banner , Mississippi, Arkansas
The stakes could hardly be higher. This July, for the first time in more than a decade, Venezuelans will vote in a presidential election with an opposition candidate who has a fighting — if slim and improbable — chance at winning. Amid an economic and democratic crisis that has led more than seven million Venezuelans to abandon the country — considered among the world’s largest displacements — Nicolás Maduro, the country’s authoritarian president, has done something few thought he would: allowed an opposition candidate with widespread support to appear on the ballot. Though largely unknown, the challenger is leading in several polls, underscoring how many Venezuelans are hungry for change.
Persons: Maduro
Read previewSome Instacart shoppers are the targets of a scam centered on gift cards. "Within 30 seconds, I got a message about buying the Vanilla Visa gift card," she said. Instacart forbids shoppers from adding gift cards to orders, a screenshot of the company policy seen by BI indicates. "Customers are not able to order gift cards through the Instacart platform or place a special request for a gift card via chat," an Instacart spokesperson told BI. AdvertisementInstacart also tells shoppers not to purchase gift cards for customers, the spokesperson added.
Persons: , they've, Instacart, Jim, itsjwest, Heidi Bleau, Bleau Organizations: Service, Business, Walgreens, BI Locations: Massachusetts, cologne
But seriously folks ... it's just an iPad ad. AdvertisementThere's been a huge backlash to the ad Apple put out this week to promote its updated iPads. In the ad, a hydraulic press squishes a piano, trumpet, books, paint cans — and then reveals the new iPad Pro. A YouTube channel dedicated to hydraulic press crush videos has more than 9 million followers. Let's say OpenAI made an ad crushing up books, newspapers, and magazines and then revealed the ChatGPT logo.
Persons: Apple, it's, , There's, Steve wouldn't, Paul Graham, Steve Jobs, Let's, It's, OpenAI, they've Organizations: Service, Apple, YouTube
“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.
Persons: Paul Anka, Abba –, Loreen, , , Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, , – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel
Completed in November 2021 for an Andean historian and her husband, who works in environmental remediation, the 3,200-square-foot home hasn’t been obscured by the towering bamboo that rises behind it. Built largely from intersecting beams of laminated timber and slim steel girders, the structure stands like scaffolding among native fruit trees, a bare framework of joists and crossbeams supporting the boxes of steel and wood that contain the home’s rooms. From a distance, it resembles a bird blind — or perhaps the concrete stilts that lift houses in informal settlements over volcanic hillsides around Quito, the Ecuadorean capital 20 miles to the east. But Casa Pitaya is also a direct outgrowth of its site, its scale determined by the length of beams (roughly 32 feet) that the contractors could safely maneuver down the curving dirt drive. The house’s beauty — its warmth, its naked vulnerability — is both incidental and natural, a response to the singular mountain territory from which much of Ecuador’s most provocative new architecture rises.
Persons: José María Sáez, Florencia Sobrero, Martín Real Organizations: Casa, General Locations: Argentina, Real, Quito
Shop at Amazon Shop at Walmart Shop at Best Buy What we like Check mark icon A check mark. Shop at Amazon Shop at Best Buy Shop at Samsung What we like Check mark icon A check mark. Unfortunately, the S95D's matte screen has one notable side effect: it hurts black-level performance in a bright room. In contrast, the elevated black levels caused by the S95D's matte screen are more pronounced and easier to notice. AdvertisementSamsung S95D vs. S95C: Price and availabilityThe S95C currently costs a lot less than the S95D.
Persons: I've, Slim, Steven Cohen, it's Organizations: Business, Samsung, Shop, Walmart Shop, Dolby, Sony, Amazon, Samsung TV
CNN —More than 200 people with diabetes were injured when their insulin pumps shut down unexpectedly due to a problem with a connected mobile app, the US Food and Drug Administration said Wednesday. Version 2.7 of the t:connect Apple iOS app – used with the t:slim X2 insulin pump with Control-IQ – has been recalled due to a software issue that causes the app to crash and relaunch. This cycle drains the pump battery, causing it to shut down sooner than expected and suspend insulin delivery. On March 26, Tandem Diabetes Care Inc. sent affected customers a device correction letter requesting that users update the mobile app to version 2.7.1 or later. Customers in the United States can contact the Tandem Diabetes Care Technical Support Team at (877) 801-6901 for more information.
Persons: Dr, Sanjay Gupta Organizations: CNN, US Food and Drug Administration, FDA, Get CNN, CNN Health, Tandem Diabetes Care Inc, Tandem Diabetes Care Locations: United States
Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.
Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock
Gold rises on Fed rate cut hopes, Middle East tensions
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East lifted bullion's appeal. "Investors will look at the political situation in the Middle East and how the ongoing negotiations for a ceasefire play out. "Weaker U.S. data offers more policy flexibility for the Fed in terms of rate cuts," paving way for gold prices to stabilize, said IG market strategist Yeap Jun Rong. Markets are pricing in a 67% chance of a U.S. rate cut in September, as per CME's FedWatch Tool. Meanwhile, the Perth Mint's gold product sales in April jumped two-fold from a month earlier, while silver sales fell to their lowest since December.
Persons: Kelvin Wong, Benjamin Netanyahu, Yeap Jun Rong, John Williams, Austan Goolsbee Organizations: Co, Federal Reserve, Asia Pacific, New York Fed Bank, Chicago Fed, Perth Locations: Bangkok, Thailand, OANDA, Gaza, U.S
Oil nudges higher after Saudi Arabia hikes prices
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +2 min
Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%. Saudi Arabia raised the official selling prices, or OSPs, for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signaling expectations of strong demand this summer. This comes after Saudi Arabia raised June OSPs for most regions amid a tightening of supplies this quarter, he added. The geopolitical risk premium in oil prices has also eased as talks for a Gaza ceasefire are underway.
Persons: ICE Brent, Warren Patterson, OSPs, Brent, Benjamin Netanyahu, Baker Hughes Organizations: Brent, U.S, West Texas, ICE Locations: Saudi Arabia, Gaza, Israel, Asia, Northwest Europe
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +2 min
A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024. Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region. Brent crude futures were up 77 cents, or 0.9%, to $83.73 a barrel at 1055 GMT, while U.S. West Texas Intermediate crude futures were at $78.98 a barrel, up 87 cents, or 1.1%. The geopolitical risk premium in oil prices also eased as talks for a Gaza ceasefire were underway. Also supporting oil was Saudi Arabia's move to raise the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signaling expectations of strong demand this summer.
Persons: Brent, Tony Sycamore Organizations: Brent, U.S, West Texas, IG Locations: Elk, California, United States, Saudi Arabia, Gaza, Israel, Rafah, Saudi, Asia, Northwest Europe, China
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