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☆ U.S. oil prices fall for third straight day as oil infrastructure recovers from Tropical Storm Beryl
▼ + stars: | 2024-07-09 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil prices fell for the third straight session on Tuesday, as Gulf Coast oil infrastructure appears to have avoided any substantial damage from Tropical Storm Beryl. On Monday, Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane but later weakened into a tropical storm. Beryl has moved inland as a tropical depression and is now north of Shreveport, Louisiana, according to the National Hurricane Center. U.S. oil inventories fell by 12.2 million barrels for the week ended June 28, and gasoline stocks declined by 2.2 million barrels in a potential bullish sign for the market. Macquarie, however, is forecasting that oil inventories dropped by 1.2 million barrels last week, with the total balance "only modestly tighter than we had anticipated," according to a Monday note.

Persons: Beryl, John Evans, Shell, Evans Organizations: National Hurricane Center, Corpus Christi, Colorado State University, Traders Locations: Gulf, Matagorda , Texas, Shreveport , Louisiana, Corpus, Houston, Gulf of Mexico, Texas, U.S

Wisconsin rode a slew of losses by top-10 teams, and wins over Minnesota and Michigan State, to climb seven spots to No. Wisconsin moved up seven spots, New Mexico moved up six and Duke, Marquette and Texas Tech all advanced five spots. Their gain came in part at the expense of Oklahoma, which tumbled 12 spots to No. CONFERENCE WATCHThe Big East, Big Ten, ACC, Big 12 and SEC each have a top-five team — in fact, each had two in the top 10. But the Big 12 still leads the overall Top 25 count with eight ranked teams after the Horned Frogs returned to the poll this week.

Persons: Xavier, Danny Hurley, Hurley, we're, Zach Edey, Duke, Lamont Paris, ___ Organizations: UConn, Purdue, Huskies, Boilermakers, Cougars, NCAA, Rutgers, Big, Heels, Wake, Florida State, BYU, Kansas State, Tennessee, Vanderbilt, That's, Minnesota, Michigan State, Badgers, South, Iowa State, Kansas, The Cyclones, Creighton, Texas Tech, Oklahoma, Auburn, Mississippi State, Utah State, Baylor, Florida, Alabama, TCU, Duke, Dayton, Flyers, Richmond, Crimson Tide, Memphis, UAB, Colorado State, Gamecocks, Kentucky, CONFERENCE, Big Ten, ACC, SEC, AP Locations: North Carolina, Houston, Tennessee, Wake Forest, Florida, Wisconsin, Kansas, Marquette and Kentucky, South Carolina, Arizona, Creighton , Illinois, Alabama, Mississippi, Baylor . New Mexico, Nevada, North Texas, Dayton, Texas, New Mexico, Marquette, Oklahoma, Wyoming, Carolina, Missouri

☆ Mexico's one big advantage over the US right now could stall the 'Made in America' push
▼ + stars: | 2024-01-20 | by ( Jacob Zinkula | Matt Turner | ) www.businessinsider.com time to read: +7 min

Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers. Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US. Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply. Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply. Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.

Persons: —, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic Organizations: Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas Locations: America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado

Prosecutors with the 18th Judicial District and DEA agents seized 114 pounds of pure fentanyl in Colorado. A spokesman for the Colorado State Patrol, which made the initial discovery of the fentanyl, provided a blunt account of the botched operation. But after this story was published, a DEA official confirmed the seizure of 114 pounds of fentanyl. "DEA is relentlessly pursuing the individuals that were involved in the trafficking of the seized fentanyl and will continue to do so." “We’ve got a record amount of fentanyl involved here, in fact, enough fentanyl to kill everyone in the state of Colorado,” Figliuzzi said.

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