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Liam Payne's One Direction bandmates are "completely devastated" by his death, they said in a statement on the boy band's Instagram account Thursday, one day after Payne's death at an Argentina hotel. Sistema de Atencion Medica de Emergencia (SAME), the emergency health service, said that Payne fell from the balcony in Palermo. Police were called to the hotel for reports of an aggressive man, according to the emergency services agency, which later confirmed Payne's death. The office added that the autopsy findings indicate Payne "could have fallen in a state of semi or total unconsciousness." A number of substances were found in Payne's hotel room, the prosecutor's office said in a statement, which would prove alcohol and drug consumption.

Persons: Liam Payne's, Louis Tomlinson, Zayn Malik, Niall Horan, Harry Styles, Liam, Malik, Payne, Liam Payne, Zane Malik, Louis Tomlinson of, Michael Tran Organizations: Republic Records, Billboard, Nokia Theatre, Sistema, Medica, Police, Telemundo, Argentina National Prosecutor’s, NBC Locations: Argentina, Los Angeles, Palermo, Payne's

☆ Liam Payne changed the music industry in One Direction. Solo success was harder.
▼ + stars: | 2024-10-17 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Liam Payne, a singer who was part of One Direction, died Wednesday at the age of 31. One Direction was one of the most successful pop acts of the 2010s before they went on hiatus. The band never reformed, and Payne struggled to break out as a solo artist. AdvertisementThe death of Liam Payne, once part of One Direction, was a dark and abrupt turn for a person in a boy band that reinvigorated the pop-music industry. They became international stars, filling a gap in the market for a new type of boy band.

Persons: Liam Payne, Payne, —, Harry Styles, Louis Tomlinson, Niall Horan, Zayn Malik, Simon Cowell, Stephen Graham, Michael Tran, Forbes, Taylor Swift, Savan, Stone, Kotecha, Alexis Petridis, Karwai Tang, WireImage Payne, Cowell, Rolling Stone, Styles, Payne's, would've Organizations: Service, Goldsmiths , University of London, Guardian, Billboard, YouTube, iFL Locations: Buenos Aires, Argentina, London

☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ Shannen Doherty, ‘Beverly Hills, 90210’ and ‘Charmed’ star, dead at 53
▼ + stars: | 2024-07-14 | by ( Lisa Respers France | Dan Heching | ) edition.cnn.com time to read: +5 min

CNN —Shannen Doherty, an actress who starred on the popular series “Beverly Hills, 90210” and “Charmed” and documented her nine-year battle with breast cancer, has died, according to her longtime publicist. “It is with a heavy heart that I confirm the passing of actress Shannen Doherty. The 'Beverly Hills, 90210' cast in 1991. Left to right: Ian Ziering, Tori Spelling, Shannen Doherty, Brian Austin Green, Jason Priestley, Jennie Garth, Gabrielle Carteris and Luke Perry. From L-R: Alyssa Milano, Shannen Doherty and Holly Marie Combs As Piper Halliwell.

Persons: CNN — Shannen Doherty, Shannen Doherty, ”, Leslie Sloane, “, Bowie, Doherty, Heather Duke, Brenda Walsh, Prue Halliwell, Doherty’s, Father Murphy, Michael Landon, Jenny Wilder, ” Doherty, Ian Ziering, Tori Spelling, Brian Austin Green, Jason Priestley, Jennie Garth, Gabrielle Carteris, Luke Perry, Mark Sennet, Brenda, Aaron Spelling, Dylan McKay, Spelling, costars Alyssa Milano, Holly Marie Combs, Alyssa Milano, Piper Halliwell, costarred Perry, Michael Tran, CNN’s Nadeem Muaddi Organizations: CNN, People, Beverly, Elle Magazine, Getty Locations: Beverly Hills, Memphis , Tennessee, Los Angeles, Riverdale, ”, AFP

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ The People’s Choice Awards: 6 eye-catching red carpet looks
▼ + stars: | 2024-02-19 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —The People’s Choice Awards often serve up one of the year’s most entertaining red carpets. Michael Tran/AFP/Getty ImagesLaverne Cox always brings drama to the red carpet — as did the late fashion designer Thierry Mugler. Ice SpiceIce Spice's outfit certainly stood out on the red carpet, mixing colors, textures, patterns and styles. Michael Tran/AFP/Getty ImagesThere are few stars who could get away with a sweater vest over a shirt and tie on the red carpet. Monica Schipper/Getty ImagesThis year’s awards season has seen a resurgence of floral patterns and detailing on the red carpet.

Persons: Margot Robbie, Ryan Gosling, Ayo, Laverne Cox Laverne Cox, Thierry Mugler bustier, Giuseppe Di Morabito, Michael Tran, Laverne Cox, Thierry Mugler, Thierry, Cox, Monica Schipper, Le Vian, Billie Eilish, Kylie Minogue Kylie Minogue, Raisa Vanessa, Kylie Minogue’s, Vanessa, Minogue, ”, Markell Washington, Washington, Xochitl Gomez Xochitl Gomez, Xochitl Gomez, Gucci Organizations: CNN, Barker, Getty, Spice, New, Washington Social Locations: London, Santa Monica, AFP, “, Washington

And the stars appear to be out in force again for the 29th Critics Choice Awards, which this year returns to Santa Monica Airport’s Barker Hangar. “I’m not always playing dark characters.” Michael Tran/AFP/Getty ImagesTracee Ellis Ross in Fendi. Frazer Harrison/Getty ImagesMargot Robbie in custom Balmain. Matt Winkelmeyer/Getty Images“May December” actor Charles Melton wore a red Valentino suit paired with a black skinny tie featuring a V-shaped metallic accent. Frazer Harrison/Getty ImagesTyler James Williams Jordan Strauss/Invision/APVanessa Morgan Michael Tran/AFP/Getty ImagesBrit Marling Matt Winkelmeyer/Getty ImagesTatanka Means Matt Winkelmeyer/Getty Images

Persons: Santa Monica, Barker, Margot Robbie, Bella Ramsey, Pedro Pascal, “ Rustin ”, Colman Domingo, Rosamund Pike Jordan Strauss, Jeremy Allen White Amy Sussman, WireImage, Jennifer Aniston Jordan Strauss, Lily Gladstone Michael Tran, Rustin, Valentino, ”, “ I’m, ” Michael Tran, Tracee Ellis Ross, Jordan Strauss, Pedro Pascal Frazer Harrison, Greta Lee Jordan Strauss, Allison Williams Jordan Strauss, Moorjani Christopher Polk, Moorjani Gilbert Flores, Rachel Brosnahan Alberto Rodriguez, John Krasinski, Emily Blunt Matt Winkelmeyer, Billie Eilish, Thom Browne, Michael Tran, Christina Ricci Frazer Harrison, Kieran Culkin, Martin Katz, Danielle Brooks, Monsoori, Frazer Harrison, Matt Winkelmeyer, Charles Melton, Chelsea Handler, Alex Perry, Quinta Brunson Frazer Harrison, Dominic Sessa Jordan Strauss, Singer Dua Lipa, Tyler James Williams Jordan Strauss, Vanessa Morgan Michael Tran Organizations: CNN, Globes, Hollywood, Santa, Golden Globes, Getty, Variety, Singer Dua, Tiffany Locations: AFP, Fendi, Balmain

☆ Taylor Swift and Halle Bailey deserve their privacy just like you do
▼ + stars: | 2024-01-13 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

But entertainers, even ones who often write or sing or share about their personal lives, still deserve some privacy. Something to sip on…Taylor Swift and Halle Bailey. Getty ImagesTwo celebrities recently stood as examples of this baseless belief that stars apparently aren’t allowed to have private lives. There was quite the uproar after the New York Times published an opinion piece which speculated about whether Taylor Swift may be closeted as a queer person. Lopez recently said the debut day was “22 years in the making.”It’s out now.

Persons: … Taylor Swift, Halle Bailey, Taylor Swift, Swift, Taylor, Shawn Mendes, ”, Bailey hasn’t, … Lindsay Lohan, John Lamparski, Lindsay Lohan, Cady, Tina Fey, Lohan, Jennifer Lopez, Michael Tran, let’s, Lopez, ” It’s, … Leonardo DiCaprio, Melinda Sue Gordon, Martin Scorsese’s, Leonardo DiCaprio, Lily Gladstone, Robert De Niro Organizations: CNN, Getty, New York Times, Golden Globe, Apple, Globes Locations: New York City, AFP

☆ Scooter Braun's right-hand man wanted to make Camila Sterling a star. After she died in his hotel room, he wanted the world to forget.
▼ + stars: | 2023-11-08 | by ( Anna Silman | Jack Newsham | ) www.businessinsider.com time to read: +33 min

He also created an LLC under his initials in 2021, seemingly for the sole purpose of releasing Sterling's music. But since Sterling's death, Bolno has worked to distance himself from the tragedy and buff his reputation online. On June 29, 2023, three months after Sterling's death, Ozuna and Andino signed to SB Projects, Scooter Braun's management company. Since Sterling's death, Bolno has appeared to try to distance himself from the tragedy. However, in September, a message from Centeno's email address sent on behalf of Sterling's mother asked Insider to stop reporting on Sterling's death.

Persons: Camila Sterling, David Bolno, Scooter Braun's, Drake, Post, Bolno, Sterling, — who's, Daily Mail —, —, Laura Camila Lozano Sterling, Selena Gomez, Enmanuel Hernández Rodriguez, Rodriguez, it's, Scooter Braun, Taylor Swift, Camila Sterling's, Shaun White, schmoozing, sunning, David Geffen's, he's, Will.i.am, Justin Bieber, hadn't, bigwig, He's, Mariah Carey, Braun, Ariana Grande, Demi Lovato, Scooter, who's, Scooter hasn't, Peter Comisar, Comisar, Michael Tran, Bieber, he'd, David Grutman, LIV, Grutman, she'd, I'm, David, Usher, Sterling's, John Parra, I'd, Nordhia Centeno, Laura Castellanos Torres, Edgar Andino, Andino, Sterling wasn't, Gabby, there's, Sterling texted, Escalade, Cartier Juste, Bruce Lehr, tusi, Fabio Cabrera, Ernesto Rodriguez, Evan Siegfried, Mickey Segal, NKSFB, Nubia Esperanza Sterling Artunduaga, Camila, Rocio Cruz Maldonado, Centeno, Marcie Stefan Organizations: Miami Beach, Daily Mail, Miami Beach Police Department, Puerto, Sterling, Trump, Intracoastal Yacht, Space, Miami Dade College, Puerto Rican, Pump, Miami, DTB Records, Spotify, Records, Temple Law School, Ithaca Holdings, luxe Paramount Miami, Studios, Bay Eight Recording Studios, YouTube, Zero, SB Projects, Paramount Miami Worldcenter, Representatives, Police, Unreal Mobile, Red Pocket, European Business, University of Locations: Post Malone, Miami, Sterling, Latin America, Colombia, Bogotá, American, Puerto Rican, Sunny, Moscow, Sunny Isles, Givenchy, Cuba, Los Angeles, Delaware, Puerto Rico, New York City, Medellín, Ithaca, Korean, Brentwood, North Miami, French Montana, Bolno's, Miami Beach, Jerusalem, Nubia

☆ Arts Calendar: Happenings for the Week of October 8
▼ + stars: | 2023-10-08 | by ( Wsj Arts In Review Staff | ) www.wsj.com time to read: 1 min

Taylor Swift performing during her Eras Tour at in California in August Photo: michael tran/Agence France-Presse/Getty ImagesFilm• “Taylor Swift: The Eras Tour” (Oct. 13): There are music stars, music icons and music legends—then there’s Taylor Swift , who stands on a tier all her own. Her blockbuster tour has been popular beyond anyone’s wildest dreams and is on track to gross more than $2 billion in North America alone. Swifties who might still have bad blood after not being able to snag a ticket—or who just want to relive the love story all over again—will have the chance to do so in theaters.

Persons: Taylor Swift, michael tran, “ Taylor Swift, —, there’s Taylor Swift, Swifties Organizations: Agence France Locations: California, North America

☆ US, European hotel rates may keep rising, industry executives say
▼ + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. The number of U.S. hotel rooms increased about 3% in April of 2023 from the same month in 2019. Some 153,000 hotel rooms were under construction in April of 2023, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from the same month in 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said.

Persons: Keith Barr, Barr, It's, Mark Hoplamazian, Michael Tran, Sebastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang, Paul Simao Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, RBC Capital Markets, Thomson Locations: U.S, Europe, Paris, London, New York

☆ The fabulous life of billionaire fashion designer Tom Ford, who just announced his final collection for his eponymous line
▼ + stars: | 2023-04-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: 1 min

The move came just months after Estée Lauder and Tom Ford inked the luxury industry's biggest deal of 2022 in a $2.8 billion buyout of the American designer's eponymous brand. "I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand, " Ford said when the deal was announced in November. Tom Ford attends the 2018 Hammer Museum Gala In The Garden in Los Angeles, California. Michael Tran/FilmMagic

☆ Oil demand doesn't need to be very strong for prices to go meaningfully higher, strategist says
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil demand doesn't need to be very strong for prices to go meaningfully higher, strategist saysMichael Tran of RBC Capital Markets says "demand doesn't need to be particularly strong, it just can't be weak."

☆ The 8 Biggest Snubs and Surprises of the 2023 Oscar Nominations
▼ + stars: | 2023-01-26 | by ( Ellen Gamerman | Sara Bosworth | ) www.wsj.com time to read: 1 min

Surprise: Andrea RiseboroughThe best actress nomination for Ms. Riseborough, who plays an alcoholic single mother in “To Leslie,” comes after a social-media push featuring celebrities like Gwyneth Paltrow, who said Ms. Riseborough “should win every award there is and all the ones that haven’t been invented yet.”Michael Tran/AFP/Getty Images

☆ Oil heads for solid weekly gain on China demand hopes
▼ + stars: | 2023-01-13 | by ( Sonali Paul | ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 13 (Reuters) - Oil prices slipped in early trade on Friday but were on track for gains of more than 6% for the week on solid signs of demand growth in top crude oil importer China and expectations of less aggressive interest rate hikes in the United States. Brent crude futures fell 17 cents, or 0.2%, to $83.86 a barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 12 cents, or 0.2%, to $78.27. Brent has jumped 6.7% so far this week and WTI is up 6.2%, recouping most of the previous week's losses. "China's road traffic levels are continuing to rebound from record low levels following the easing of COVID-19 restrictions," the ANZ analysts said in a note. A weaker greenback tends to boost demand for oil as it makes the commodity cheaper for buyers holding other currencies.

Jan 13 (Reuters) - Oil prices rose on Friday, set to gain more than 6% for the week, on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 5 cents to $84.08 a barrel by 0746 GMT, off a session low of $83.50. U.S. West Texas Intermediate (WTI) crude futures gained 13 cents to $78.52 a barrel after falling to $77.97 earlier in the session. Brent has jumped 6.7% so far this week and WTI is up 6.2%, recouping most of last week's losses. A weaker greenback tends to boost demand for oil, as it makes the commodity cheaper for buyers holding other currencies.

Then there’s Eve Hewson, daughter of Bono, who claimed that the Vulture team behind the “nepo baby” piece was “jealous” and called out the editor-in-chief for her own familial privilege. But one self-described “nepo baby” has finally cracked the code of how to defuse these attacks: by owning the title, not shying away from it. shutting out countless talented newcomers who might have more talent than a “nepo baby” but lack a famous name or face and thus are denied opportunities — would be a major mistake. More “nepo babies” could take a page out of Williams’ book and recognize this duality. Hollywood isn’t an equal playing field, and any “nepo baby” who pretends like it is is not only ignoring reality, but doing a disservice to their own reputation.

☆ Major oil pipeline outage to hit U.S. stockpiles, refinery supplies
▼ + stars: | 2022-12-09 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

HOUSTON, Dec 9 (Reuters) - An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said on Friday. TC Energy's (TRP.TO) Keystone pipeline ferries about 600,000 barrels of Canadian crude per day (bpd) to the United States. Other pipelines between Canada and the United States are at or near capacity, East Daley and data analytics firm Wood Mackenzie estimates. Gulf Coast refiners, which could suffer shortages of heavy Canadian crude, can draw on supplies from offshore Louisiana facilities and from Colombia, Mexico and Ecuador. U.S. physical crude oil grade prices were mixed on Thursday and O'Donnell at East Daley said he expects volatility to continue as long as Keystone remained offline.

☆ Director Ang Lee will direct his son, playing Bruce Lee in biopic
▼ + stars: | 2022-11-30 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +3 min

Ang Lee, the Academy Award-winning director of “Brokeback Mountain” and “Life of Pi,” is set to direct an upcoming film about the Chinese American martial arts icon Bruce Lee. Mason Lee, the son of Ang Lee, will play Bruce Lee in Sony’s 3000 Pictures film. At 13, he went on to study wing chun kung fu under the renowned master Yip Man, according to the Bruce Lee Estate. He also developed his own martial art during this time called Jeet Kune Do, the Bruce Lee Foundation's website said. After “The Green Hornet” was canceled, Bruce Lee struggled to find work in Hollywood and returned to Hong Kong to pursue a film career.

☆ Inside the world of designer Tom Ford, set to become a billionaire in $2.8 billion Estée Lauder buyout
▼ + stars: | 2022-11-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: 1 min

Estée Lauder and Tom Ford have inked the luxury industry's biggest deal of 2022 in a $2.8 billion buyout of the American designer's eponymous brand. "I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand, " Ford said when the deal was announced this week. Tom Ford attends the 2018 Hammer Museum Gala In The Garden in Los Angeles, California. Michael Tran/FilmMagic

☆ 12 queer icons to channel this Halloween
▼ + stars: | 2022-10-25 | by ( Ellie Rudy | ) www.nbcnews.com time to read: +10 min

Without further ado, here is a selection of queer icons and pop culture favorites — in no particular order — whom you can channel for Halloween (a.k.a. For a relatively stress-free Halloween ensemble, throw on a tux, top hat, a pocket square and some fierce red lipstick. To channel Ms. Kahlo this Halloween, you’ll need her signature unibrow (eyeliner or an eyebrow pencil should do the trick), a flower crown, red lipstick, a colorful blouse and a floor-length skirt. For this costume, you’ll need a fedora, a (preferably pastel) dress shirt, a tie matching the hat and, if you’re really feeling the fantasy, a color-coordinated sweater vest. If you dress up as any of these queer icons and pop culture favorites for Halloween, tag @NBCOut on Twitter or Instagram in a costume photo!

☆ America’s emergency oil stockpile is at a 38-year low but it’s still got firepower left
▼ + stars: | 2022-10-18 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

More than any of his predecessors, President Joe Biden has aggressively leaned on this emergency oil stockpile to knock down the high pump prices that voters despise. That has left this emergency oil stockpile at its lowest point since June 1984 — a time when both the US economy and energy demand was significantly smaller than today. The SPR headlines are rattling an energy market already on edge over a potential recession. US oil prices dropped 3% to $82.82 on Tuesday, returning to levels last seen before rumors swirled regarding OPEC+’s controversial production cuts. They’ve done a tremendous job achieving their goal of trying to get energy prices lower,” said Michael Tran, managing director of global energy strategy at RBC Capital Markets.

☆ Oil could plunge to just $60 a barrel if there's a deep recession next year, RBC says
▼ + stars: | 2022-10-12 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Oil could fall to $60 a barrel next year in the most bearish scenario, according to RBC. Sticky inflation and a Federal Reserve policy mistake could both slash crude prices, the bank said. Falling oil prices could also provide relief for Americans at the pump. RBC laid out two other economic scenarios that could impact oil prices next year. Read more: Crude oil could hit $125 a barrel as Russia's reaction to a US-led price cap threatens to squeeze supply, UBS says

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