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AdvertisementLorraine Tan, Morningstar's director of equity research for Asia, also thinks monetary stimulus won't be sufficient. History says their skepticism is warranted, as China's past stimulus efforts have often failed to lead to sustainable gains. Even if this surge holds up, it won't necessarily spark a self-fulfilling prophecy that provides a lasting boost for China's economy. But others like Tan from Morningstar believe this bad news is reflected in Chinese stocks' cheap valuations. The team at UBS Global Wealth Management is also cautiously optimistic about Chinese stocks after this news.
Persons: , they're, Betty Wang, Marcelli, Lorraine Tan, Tan, Brian Mulberry, Mulberry, Wang, China isn't, Jeff Kleintop, Charles Schwab, Donald Trump, Rory Green, Xi Jinping, Biden, Trump, That's, Kleintop, Morningstar, she'd Organizations: Service, Business, People's Bank of, Oxford Economics, UBS Global Wealth Management, Zacks Investment Management, Federal Reserve, BI Locations: China, People's Bank of China, Asia, Central, Republic
CNN —The highest peak at Great Smoky Mountains National Park is officially reverting to its Cherokee name more than 150 years after a surveyor named it for a Confederate general. “The Cherokee People have had strong connections to Kuwohi and the surrounding area, long before the land became a national park. Great Smoky Mountains National Park closes Kuwohi every year for three half-days so that predominantly Cherokee schools can visit the mountain and learn its history. Great Smoky Mountains National Park, on the Tennessee-North Carolina border, is America’s most visited national park, and Kuwohi is one its most popular sites, with more than 650,000 visitors per year. The name-restoration proposal was submitted in January by Eastern Band of Cherokee Indians Principal Chief Michell Hicks.
Persons: ” “, Cassius Cash, , Arnold Guyot, Thomas Lanier Clingman, Michell Hicks Organizations: CNN, U.S . Board, Geographic, Eastern, Cherokee, Smoky National, Cherokee People, National, Service, Tennessee -, Representative, Eastern Band Locations: Smoky, Kuwohi, Tennessee, Tennessee - North Carolina, North Carolina
A Trader works on the floor of the New York Stock Exchange in New York City, June 24, 2024. LONDON — European stocks are expected to open higher Wednesday, reversing negative sentiment seen in the previous trading session. The positive open anticipated for European markets comes after rocky trade in the region, and elsewhere globally, after a tech-driven selloff — although volatility in the sector appeared to stabilize after chipmaking giant Nvidia rallied Tuesday. Wall Street is likely to shift its attention toward fresh U.S. inflation data on Friday with the release of May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge. Data releases in Europe on Wednesday include Germany's GFK consumer survey for July and European consumer confidence data for June.
Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, CAC, IG, Nvidia, U.S, U.S . Federal Locations: New York City, Asia, Pacific, U.S ., Europe, Mulberry
Cloud computing is gaining tractionCloud computing offers on-demand services, from storage to software, over the internet. And the fashion industry has gradually been waking up to the potential of cloud computing. In her report, "Fashion Transformation 4.0: Beyond Digitalization & Marketing in Fashion Industry," she said that the fashion industry must embrace new technologies in order to survive. "Fashion is a terribly old-fashioned industry," Alies ter Kuile, the cofounder of Fashion Cloud, said. With cloud computing, retailers can avoid overbuying stock — a key driver of fashion's textile-waste problem.
Persons: , It's, Porter, Eon, there's, Bharati Rathore, Rathore, ter, ter Kuile, they're, Ter Kuile, Alan Holcroft, Steven Gonzalez Monserrate Organizations: Service, Green, Google, University of South, Marketing, Fashion Industry, Brands, Cegid Locations: University of South Wales, Dutch, ter Kuile
CNN —Constance Glantz had been in a nursing home – in hospice care. No evidence of criminal intent had been found, Chief Deputy Ben Houchin told reporters. She again was pronounced dead, Houchin said later, adding an autopsy was conducted Tuesday morning. Constance’s family was told all about what happened, Houchin said, and the sheriff’s office started an investigation, including visiting the nursing home. The funeral home and the nursing home have been “totally cooperative” with the sheriff’s office investigation, Houchin said.
Persons: CNN — Constance Glantz, , , Ben Houchin, , , Constance, Houchin, Constance –, ” Houchin, “ I’m Organizations: CNN, KOLN, Lincoln, , Rescue, Lincoln Police Department Locations: Lancaster County , Nebraska, Waverly, Lincoln, Butherus
Disney just had its worst day in a year and a half
  + stars: | 2024-05-07 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —Disney managed a rare feat for a legacy media company: Its streaming service actually turned a profit — with some caveats. It was Disney’s worst stock trading day in 18 months. That’s a lot of money, but it is a pretty huge improvement over the $659 million loss the collective streaming business reported in the same period a year ago. Streaming is new(ish) and very different beast from the traditional cable TV model Disney and other media giants like Paramount, Viacom and Warner Bros. “It is a very tough business,” Verna said.
Persons: CNN Business ’, New York CNN — Disney, ” Paul Verna, ” Disney, ” Verna, Bob Iger, It’s, ” “ Indiana Jones, , Iger, Brian Mulberry Organizations: CNN Business, New York CNN, Disney, ESPN, Apple, Netflix, Paramount, Viacom, Warner Bros ., Zacks Investment Management Locations: New York, , India
Sometime in the late 18th century, a sign appeared outside a shambly butcher’s hut in the English town of Stratford-upon-Avon: “The Immortal Shakspeare was born in this house,” it announced, using a then common spelling of his name. Devotees began making pilgrimages — dropping to their knees, weeping, singing odes: “Untouched and sacred be thy shrine, Avonian Willy, bard Divine!”A tradesman grew rich selling carvings from a local mulberry tree, like pieces of the true cross. Some skeptics suspected that the sign was part of a scheme to bring visitors to Stratford; others wondered if it had been hung by the property’s occupant. About 250 years after its break from the Catholic Church, England had its own Bethlehem and manger. The problem: No one really knows where Shakespeare was born.
Persons: Shakspeare, Avonian Willy, Shakespeare Organizations: Avon, Catholic Church Locations: Stratford, , England, Bethlehem
Read previewSingaporean Xian Jie Lee, 33, moved to Japan in 2012 to study political science. Xian Jie LeeShu told Lee that he could rent a farmhouse in a village called Ryujinmura. "I removed the tatami (traditional straw floor covering) in the inner room and fell through the floor," Lee said. Xian Jie LeeWhile renovating the guesthouse, Lee turned his own home into a café three days a week to earn extra income. Xian Jie LeeLee has also been able to participate in unique experiences himself.
Persons: , Jie Lee, Lee, Shu, Wayakama, Xian Jie Lee Shu, who'd, shoji, Lance Yeo, Xian Jie Lee, he'd, Xian Jie Lee Lee Organizations: Service, Business, YouTube Locations: Japan, Kyoto, Wakayama, Singapore
She flagged down a cab and asked the driver if he happened to know anyone who made the delicate paper flags. The man took her to his brother Don Rene Mendoza, who, by sheer chance, was a master of the trade. After speaking with Amezkua for more than five hours, Mendoza agreed to pass the craft tradition on to her. The Spanish also began importing papel china — thin, tissue-like paper from China, often used to wrap other goods. This confluence led to the creation of the papel picado used today to decorate a variety of celebrations in Mexican culture, most notably Day of the Dead, when it is placed around altars of deceased loved ones.
Persons: Blanka Amezkua, San Salvador Huixcolotla, Amezkua, Don Rene Mendoza, Mendoza, Papel, Marcelo Alejandro Ramirez Garcia, Rojas Organizations: International Museum of Art, Science Locations: San Salvador, Mexican, Mexico, McAllen , Texas, Spanish, China
Several women in New York City have made TikTok videos about being randomly punched in public. AdvertisementWomen in New York City are getting randomly punched in the face, and no one knows why. The random punching attacks have unsettled women in New York CityNew York City at dusk. AdvertisementPsychological impactThe spate of random punching attacks has unsurprisingly unsettled women in New York City. AdvertisementDespite the recent influx of alarming stories, data shows that crime rates in New York City have decreased in 2024 compared to last year.
Persons: stokes, , Halley Kate, Kate, Stora, Olivia Brand, we're, Mikayla Toninato, Selena Pikanab, Gizem, didn't, Bethenny Frankel, Toninato, Kathy Hochul, Elon Musk, Hochul, you've Organizations: NYPD, Service, Business, NBC, New York City New, BI, West 42nd, New School, Guardian, Housewives, New, New York Gov, National Guard, Democratic Locations: New York City, New York City New York City, SoHo, Kenmare, Mulberry, West, NoHo, Germany, Manhattan, New York
Tim Cook has tried to reassure shareholders the company is committed to AI innovation. A shareholder told The Wall Street Journal Apple hadn't made a "big splash," in the space, however. AdvertisementApple is moving more slowly on developing generative AI products than some of its Big Tech peers, leaving investors wondering when, or if, it will go all in on the technology. AdvertisementApple's CEO Tim Cook has been eager to reassure shareholders that the company is big on AI, however. At the Wednesday meeting, Apple shareholders also voted down a request for an AI transparency report.
Persons: Tim Cook, Apple hadn't, , Brian Mulberry, Cook, David Wagner Organizations: Apple, Wall Street, Service, Big Tech, Zacks Investment Management, Wall Street Journal, Google, Microsoft, Reuters, Aptus Capital Advisors, Business, Bloomberg
The artist Joel Hernandez, 39, first worked with papier-mâché as an 8-year-old, soon after moving from Mexico to rural Indiana. His parents had gone looking for piñatas — a staple of their family celebrations — at local stores but had come up short. Hernandez, now based in San Francisco, is just one of the contemporary craftspeople using papier-mâché in new and provocative ways. And while each has a different approach to the medium, they share an appreciation for its democratic and economic nature. Making papier-mâché, after all, requires nothing more than a few pantry items, some trash and a bit of imagination.
Persons: Joel Hernandez, , Hernandez, La Luz de Jesus, Han, it’s, Bernie Kaminski, Brooks, , ” Kaminski, who’s, he’s Organizations: La Luz, Mardi Gras, New Locations: Mexico, Indiana, , La Luz de, Los Angeles, San Francisco, China, New Orleans, New York City
CNN —Vogue China editorial director Margaret Zhang has announced that she is stepping down just three years after becoming the youngest person to lead any of the fashion bible’s 28 editions. Zhang’s appointment as Vogue China’s editorial director in 2021 came as something of a surprise. But she also won praise for modernizing Vogue China and championing diversity at the title. In her resignation announcement, Zhang said the publication had enjoyed “record growth in video” and the “highest engagement events in the history of Vogue China” during her editorship. The Ghanaian-born fashion editor unexpectedly stepped down last June after more than six years at the helm.
Persons: Margaret Zhang, , Zhang, , Condé, — Anna Wintour, ” Zhang, Ik, , Anna Sui, Edward Enninful, Condé Nast, Roger Lynch Organizations: CNN — Vogue China, Vogue, Vogue China, US, Milan, Condé Locations: China, Australian, Sydney —, Mulberry, Vogue China, Ghanaian
Xia documented their Lunar New Year's dinner that they hosted with their sibling and a few close friends. Ramona Jingru WangWang said Lunar New Year is important to her because it allows her to connect with family and friends through a shared cultural experience. "It's a television performance program that every Chinese family watches at the same time," she said. AdvertisementLee documented her time at the home of her uncle, Szuning Lee, in Chinatown for the Lunar New Year. Sam Lee"We didn't celebrate Christmas, so this was our Christmas," Szuning said, recalling his childhood memories of Lunar New Year.
Persons: , Caroline Xia Xia, Xia, Leslie, Caroline Xia, Caroline Xia Ramona Jingru Wang Wang, Wang, Ramona Jingru Wang Wang, Meiting, Ramona Jingru Wang, Ramona Jingru Wang Sam Lee Lee, Lee, Szuning Lee, we've, Sam Lee, Szuning Organizations: Service, Business, East Asian, TV Locations: East, China, South Korea, Vietnam, Queens , New York, New York City, Hainan, Chinese American, Chinatown, Mulberry, New York
“There is an unspoken pressure on nailing the perfect gift,” says Kristin Fisher, the Collegeville, Penn.-based founder of custom gift box company Bocu. Leah Inman, a Dallas-based gifting consultant, recommends ordering a custom house portrait for mothers-in-law, in particular. They likely already know about red light therapy, so this petite wand makes the perfect gift, according to Fisher. That’s why he recommends gift cards, such as one from Massage Envy, which has more than 1,100 locations in the U.S. and offers both massage and facials, as well as stretch therapy. Inman recommends gifting this compact jewelry organizer for your jetsetting sister- or mother-in-law.
Persons: Karen I, Chen, , Kristin Fisher, we’ve, Leah Inman, Tami Claytor, Fisher, , won’t, ” Fisher, Carver, Patrick Kucharson, Inman, they’re, Eden Delaune, Sonoma, Kucharson, ” Kucharson, Delaune, ” It’s Organizations: Homes, Watercolor, Amazon Locations: Penn, Dallas, New York City, Cleveland , Ohio, Eden, Fort Worth , Texas, cardigan, U.S
The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel. Target sales declined by an average 7% in August and September alongside declines in transaction count and value, TD Cowen said in a note ahead of its earnings. On Wednesday, Target forecast adjusted earnings to land between $1.90 and $2.60 per share in the fourth quarter. It also expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop.
Persons: Brian Cornell, Cornell, TD Cowen, Kendra Scott, Lucy Nicholson, Brian Mulberry, Price, Dave Wagner, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis, Chizu Nomiyama, Nick Zieminski Organizations: Target, Shoppers, Schwarz, Azusa , California U.S, REUTERS, Zacks Investment Management, Walmart, Consumer, Retail's, . Commerce Department, Aptus Capital Advisors, Thomson Locations: Azusa , California, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru
LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters. "I am relatively pessimistic about the holiday season," said Gerald Storch, retail consultant and former Target vice chairman and ex-CEO of Hudson's Bay. Department stores' holiday season is "likely not going to be that strong," said David Swartz, a Morningstar analyst. Reuters Graphics Reuters GraphicsTo be sure, inventory turnover is not the only metric Wall Street investors use to judge retailers' inventory levels. Some are already slashing prices and dangling discounts to clear excess inventory before Black Friday, the start of holiday shopping season.
Persons: King, King of Prussia, Sarah Silbiger, Gerald Storch, Jeff Bornino, David Swartz, Ulta, pare, Jason Benowitz, Joseph Feldman, Jane Hali, Nordstrom, Brian Mulberry, Savyata Mishra, Ananya Mariam Rajesh, Richa Naidu, Siddharth Cavale, Aishwarya Venugopal, Rod Nickel Organizations: REUTERS, Dollar, Walmart, Reuters, North America, Kroger, Department, Morningstar, TJX Companies, Dick's Sporting, Reuters Graphics Reuters, Roosevelt, Telsey Advisory, Research, Associates, Nordstrom, Zacks Investment Management, Thomson Locations: King of, King, King of Prussia , Pennsylvania, U.S, Hudson's, North
Roughly half of the S&P 500 (.SPX) companies have reported results thus far, with more than 77% exceeding results. But of that group, consumer discretionary companies have been the biggest surprise, on average exceeding earnings-per-share estimates by 19%, according to LSEG I/B/E/S data. A 4.9% rise in U.S. gross domestic product in the third quarter further highlights the health of the consumer. Including Monday's gains, the S&P 500 consumer discretionary index (.SPLRCD) is up nearly 19% this year, far outperforming the broader S&P 500, which is up nearly 8%. Reuters GraphicsAmong the other consumer discretionary names that have surpassed expectations are Amazon (AMZN.O), Hilton Worldwide Holdings (HLT.N) and Royal Caribbean (RCL.N).
Persons: LSEG, Jason Benowitz, Roosevelt, McDonald's, Brian Mulberry, Gerald Pascarelli, Aishwarya Venugopal, Ananya Mariam Rajesh, Anil D'Silva Organizations: Reuters Graphics, Hilton Worldwide Holdings, Royal, Zacks Investment Management, Thomson Locations: U.S, Royal Caribbean, Bengaluru
Dimon and his family intend to sell 1 million of their 8.6 million shares, according to the filing. That is a tiny percentage of the shares outstanding in JPMorgan which has a market capitalization exceeding $409 billion, according to LSEG data. Dimon has no current plans to sell more stock, but could consider doing so in the future, the spokesman added. Shares of JPMorgan slid more than 3%, falling with peers Bank of America (BAC.N), Citigroup (C.N) and Wells Fargo (WFC.N). So far this year, JPMorgan shares have risen 1.4%, outperforming the S&P 500 Banks Index (.SPXBK), which has declined 18%.
Persons: JPMorgan Chase, Jamie Dimon, Dimon, Octavio Marenzi, Marenzi, they're, Schumer, Evelyn Hockstein, Wells, Brian Mulberry, Mulberry, Ben Silverman, Mike Mayo, James Gorman, Morgan Stanley, Peter Orszag, Dave Ellison, Hennessy, Scott Siefers, Piper Sandler, Siefers, Niket, Lananh Nguyen, Nupur Anand, Shilpi Majumdar, Shinjini Ganguli, Mike Harrison, Jonathan Oatis Organizations: JPMorgan, First Republic Bank, Forbes, U.S, Capitol, REUTERS, Bank of America, Citigroup, Zacks Investment Management, Wells, Wall Street, Lazard, Hennessy Funds, Banks, Thomson Locations: U.S, America, Washington , U.S, Wells Fargo, Bengaluru, Lananh, New York
Comments on Morgan Stanley naming Ted Pick as CEO
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +3 min
The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File photo Acquire Licensing RightsOct 25 (Reuters) - Below are some quotes from banking observers and CEOs about Morgan Stanley's (MS.N) naming of insider Ted Pick on Wednesday as its chief executive officer effective Jan. 1, replacing long-time leader James Gorman. DAVID SOLOMON, CEO, GOLDMAN SACHS"First, I want to congratulate James Gorman for his very successful run as CEO at Morgan Stanley. James has been a remarkable CEO, a builder, a competitor, but also a great friend. I also congratulate Ted Pick on his appointment as the incoming CEO.
Persons: Morgan Stanley, Shannon Stapleton, Morgan Stanley's, Ted Pick, James Gorman, BRIAN MULBERRY, MOODY'S, STEPHEN BIGGAR, Eaton Vance, DAVID SOLOMON, GOLDMAN SACHS, James, We're, BRIAN MOYNIHAN, KENNETH LEON, MARK NARRON, FITCH, Saeed Azhar, Nupur Anand, Lananh Nguyen, Rod Nickel, Sonali Paul Organizations: REUTERS, ANA, Gorman, Wealth, OF, Thomson Locations: New York, U.S
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022. Saperstein, who leads wealth management, will remain co-president and head of wealth, and take on additional responsibilities overseeing investment management. Simkowitz, head of investment management, will become co-president and head of institutional securities. GORMAN'S LEGACYGorman joined Morgan Stanley in February 2006 and was named co-president the following year. Gorman "guided a traditional, white-shoe investment bank through a transformative and successful evolution into a diversified, dynamic wealth management institution," said Ana Arsov, managing director at Moody's.
Persons: Morgan Stanley, Brendan McDermid, Morgan Stanley's, Ted Pick, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, Pick, Brian Mulberry, John Mack, Brian Moynihan, Jamie Dimon, Eaton Vance, Stephen Biggar, Biggar, bachelor's, Ana Arsov, Manya Saini, Niket, Tatiana Bautzer, Lananh Nguyen, Nupur Anand, Saeed Azhar, Megan Davies, Anil D'Silva, Devika Syamnath, Sonali Paul Organizations: New York Stock Exchange, REUTERS, Wall, Zacks Investment Management, Wall Street's, Bank of America, JPMorgan Chase, Trade Financial Corp, Eaton Vance Corp, Argus Research, University of Melbourne, Columbia University, Thomson Locations: New York City, U.S, Wall, Gorman, Australia, Bengaluru, New York
Those concerns are battering airline stocks even as earnings reports point to a continuing consumer appetite for travel. While both United and Delta said travel demand is holding up, double-digit declines in airfares year-over-year suggest airline pricing power has peaked. United, which has not forecast profit for 2024, on Tuesday similarly said travel demand remains "strong and steady." New labor contracts as well as the higher fuel prices mean cost pressures aren't going away. American Airlines (AAL.O) and Alaska Air (ALK.N), who will report earnings Thursday, have cut their third-quarter profit estimates due to higher fuel costs.
Persons: Eduardo Munoz, Brian Mulberry, Delta, Ed Bastian, Mulberry, United, Michael Leskinen, Conor Cunningham, Rajesh Kumar Singh, Ben Klayman, Rod Nickel Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Rights, NYSE, Zacks Investment Management, Delta Air Lines, United, Delta, New, American Airlines, Alaska Air, Melius, Thomson Locations: York, Newark , New Jersey, U.S, Chicago, United, Israel, Tel Aviv
REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 10 (Reuters) - PepsiCo Inc (PEP.O) said on Tuesday it planned "modest" price hikes next year as demand held up despite multiple increases that prompted the snacks and beverages giant to raise its 2023 profit forecast for a third straight time. Shares of the company, which owns brands including Mirinda, and Gatorade, rose nearly 2% in early trading after third-quarter profit beat estimates. Average prices jumped 11% in the quarter ended Sept. 9, while organic volume slipped 2.5%. Adjusted profit of $2.25 per share topped expectations of $2.15, according to LSEG data. PepsiCo forecast fiscal 2023 core earnings per share of $7.54, up from $7.47 earlier, while maintaining its annual organic revenue growth forecast at 10%.
Persons: Mario Anzuoni, Hugh Johnston, Brian Mulberry, Zacks, Johnston, Ananya Mariam Rajesh, Sriraj Organizations: Pepsi, REUTERS, PepsiCo Inc, Gatorade, PepsiCo, Reuters, Zacks Investment Management, Thomson Locations: Pasadena , California, U.S, France, Bengaluru
Auto companies could forgo stock buybacks to pay for the costly union demands, an analyst said. Strikers have pointed out the billions of dollars companies have poured towards buybacks and dividends. Some investors have expressed willingness to sacrifice stock repurchases. Some investors seem ready to sacrifice stock buybacks. "That translates to a couple billion dollars per week of sales, $2 [billion] to $3 billion dollars, potentially.
Persons: , Ford, Edward Jones, Jeff Windau, Brian Mulberry, Patrick Kaser, Stellantis, Patrick Anderson Organizations: Auto, Strikers, Service, Big Three, SEC, GM, Bloomberg, Stock, UAW, Zacks Investment Management, Ford, Brandywine Global, General Motors, Anderson Economic Group, Anderson Economic Locations: buybacks
Experts predict oil prices will continue to rise heading into the fourth quarter, driven by tighter supply and production cuts. Despite some profit-taking in the last week of September, crude oil prices have rallied since the summer. That means U.S. crude oil reserves will remain under pressure amid the Saudi production cuts. And questions still remain as to the strength of a resurgence from the Chinese economy and how that will support higher oil prices. Goldman also recently published its list of buy-rated stocks to play higher oil prices, which included Chevron and Baker Hughes .
Persons: Goldman Sachs, Brent, Viktor Katona, Katona, Stephen Ellis, Ellis, Ole Hansen, " Hansen, Brian Mulberry, Mulberry, Goldman, Baker Hughes, Neil Mehta, Mehta Organizations: Brent, West, West Texas, Bank of America, Chevron, ExxonMobil, Morningstar, Saxos Bank, Zacks Investment Management, Federal Reserve, ConocoPhillips, XOM Locations: West Texas, Saudi Arabia, Saudi, Russia, OPEC, U.S, Cushing , Oklahoma, East, Kuwait, Iraq, Ukraine, Iran
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