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☆ Oil prices rise over $2 on drawdown in U.S. crude stocks
▼ + stars: | 2022-12-21 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

Brent crude futures for February delivery were up by $2.23, or 2.8%, at $82.22 a barrel by 12:20 p.m. U.S. West Texas Intermediate (WTI) crude futures gained $2.03, or 2.7%, to $78.26. U.S. crude inventories fell by 5.89 million barrels, according to data from the U.S. Energy Information Administration (EIA), compared with estimates for a drop of 1.66 million barrels. Distillate inventories fell by 242,000 barrels, according to EIA data, compared with analyst estimates for a build of 336,000 barrels. Overall, Russian oil exports fell by 11% month on month for Dec. 1-20 after the European Union's embargo on Russian oil came into force, the Kommersant daily reported.

Brent crude futures were up 93 cents, or 1.15%, at $80.92 a barrel by 1040 GMT. U.S. crude inventories fell by about 3.1 million barrels in the week to Dec. 16, said market sources, citing data from the American Petroleum Institute. Worries about surging COVID-19 cases in China as the country begins dismantling its zero-COVID policy kept oil prices from moving higher. Overall, Russian oil exports fell by 11% month on month for Dec. 1-20 after the European Union's embargo on Russian oil came into force, the Kommersant daily reported. Reporting by Shadia Nasralla and Dmitry Zhdannikov; Additional reporting by Isabel Kua in Singapore Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Oil prices little changed as U.S. crude drawdown offsets China COVID worries
▼ + stars: | 2022-12-21 | by ( Isabel Kua | ) www.reuters.com time to read: +2 min

Companies United States of America FollowSINGAPORE, Dec 21 (Reuters) - Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. Gasoline inventories rose by about 4.5 million barrels, while distillate stocks rose by 828,000 barrels, according to the sources, who spoke on condition of anonymity. "A larger-than-expected draw in U.S. inventories, coupled with U.S. plans to refill their Strategic Petroleum Reserve have supported oil prices," said Serena Huang, head of APAC analysis at Vortexa. Oil prices were boosted by these comments which suggest that OPEC+ may continue to keep supply tight to support oil prices, CMC Markets analyst Tina Teng said. Growing worries about a surge in COVID-19 cases in China as the country begins dismantling its strict zero-COVID policy kept oil prices from moving higher.

☆ Oil prices steady after drawdown in U.S. crude stocks
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising Covid-19 cases in top oil importer China. Brent crude futures rose 7 cents, or 0.1%, to $80.06 per barrel by 0404 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 4 cents, or 0.1%, to $76.27. Gasoline inventories rose by about 4.5 million barrels, while distillate stocks rose by 828,000 barrels, according to the sources, who spoke on condition of anonymity. Oil prices were boosted by these comments which suggests that OPEC + may continue to keep supply tight to support oil prices, Teng added. However, growing worries about a surge in Covid-19 cases in China as the country begins dismantling its strict zero-Covid policy kept oil prices from moving higher.

U.S. West Texas Intermediate (WTI) crude futures rose $1, or 1.31%, to $76.19 after climbing 90 cents on Monday. Oil prices have been buoyed by U.S. plans announced last week to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve after this year's record release of 180 million barrels. A weaker dollar has also supported prices, making oil cheaper for those holding other currencies. "The oil demand outlook will be key for how high crude prices can go," he said, adding that clarity on that could prove elusive given mixed signals on the reopening of China's economy. While China has been relaxing pandemic restrictions, a surge in COVID-19 cases has been bearish for oil markets because of uncertainty over the country's economic recovery, said CMC Markets analyst Tina Teng.

☆ Oil prices edge higher; China COVID surge limits gains
▼ + stars: | 2022-12-20 | by ( Isabel Kua | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 20 (Reuters) - Oil prices inched higher on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. U.S. West Texas Intermediate (WTI) crude futures rose 32 cents, or 0.4%, to $75.51 a barrel, after climbing 90 cents in the previous session. Oil prices have been buoyed by a U.S. plan announced last week to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve following this year's record release of 180 million barrels from the stock. A weaker greenback has also supported prices, making oil cheaper for those holding other currencies. U.S. crude oil stocks were expected to have dropped last week by about 200,000 barrels, while gasoline and distillates inventories were seen higher, a preliminary Reuters poll showed on Monday.

SINGAPORE, Dec 20 (Reuters) - Oil prices edged up on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. Oil prices have been buoyed by a U.S. plan announced last week to buy up to 3 million barrels of oil for the Strategic Petroleum Reserve following this year's record release of 180 million barrels from the stock. A weaker greenback has also supported prices, making oil cheaper for those holding other currencies. While China has been relaxing pandemic restrictions, the surge in COVID-19 cases has been bearish for the oil markets due to uncertainties about the country's economic recovery, said Tina Teng, an analyst at CMC Markets. U.S. crude oil stocks were expected to have dropped last week by about 200,000 barrels, while gasoline and distillates inventories were seen higher, a preliminary Reuters poll showed on Monday.

☆ Oil prices bounce as China demand hopes offset recession fears
▼ + stars: | 2022-12-19 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

SummarySummary Companies Reopening of Chinese economy buoys demand hopesRising interest rates and recession fears weighU.S. to begin purchases for strategic reserveLONDON, Dec 19 (Reuters) - Oil prices rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but plans to step up support for the economy in 2023. Despite a surge in COVID cases, optimism over the reopening of the Chinese economy and its accommodative policy improve oil's demand outlook, said CMC Markets analyst Tina Teng. The U.S. Federal Reserve and European Central Bank raised interest rates last week and promised more. "The prospect of further rate rises will hit economic growth in the New Year and in doing so curb demand for oil," said Stephen Brennock of oil broker PVM.

China, the world's top crude oil importer and No. 2 oil consumer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions. "Despite a surge in COVID cases, the reopening optimism and accommodative policy improve oil's demand outlook," CMC Markets analyst Tina Teng said. An announcement by the U.S. Energy Department on Friday that it will begin repurchasing crude oil for the Strategic Petroleum Reserve for delivery in February next year also supported the outlook for stronger prices. This will be the United States' first purchase since this year's record 180 million barrel release from the stockpile.

☆ Oil climbs on optimism over China's demand recovery
▼ + stars: | 2022-12-19 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

Companies TC Energy Corp FollowSINGAPORE, Dec 19 (Reuters) - Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China's reopening and oil demand recovery outweighed concerns of a global recession. China, the world's top crude oil importer and No. 2 oil consumer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions. "Despite a surge in COVID cases, the reopening optimism and accommodative policy improve oil's demand outlook," CMC Markets analyst Tina Teng said. An announcement by the U.S. Energy Department on Friday that it will begin repurchasing crude oil for the Strategic Petroleum Reserve also supported outlook for stronger prices.

☆ From nothing to millions — incoming Republican Rep. George Santos' congressional financial disclosures raise more questions about his truthfulness
▼ + stars: | 2022-12-19 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

In his first run for Congress two years ago, Republican George Santos disclosed having almost no assets. A new New York Times report revealed several inaccuracies in Santos' reported resume. The Devolder Organization, in which Santos disclosed that he had "100% interest," was one of six stakeholders in a Florida-based firm, Red Strategies USA. Santos' past in questionA newly released report by the New York Times and other publications put other aspects of Santos' resume into question. The New York Times also indicated that Santos may have lied about losing colleagues in the Pulse nightclub shooting and his residence.

"Saturday Night Live's" final show of 2022 doubled as a send-off for Cecily Strong, who exited amid her 11th season and as one of the longest-tenured female cast members. Amid speculation she would depart before the 48th season started in fall, Strong stayed on. Her original characters on the show included Cathy Anne, "Weekend Update" anchor Michael Che's chain-smoking neighbor, which she reprised Saturday in a goodbye sketch. "Actually, I’m a little emo here tonight because truth is I’m here to say goodbye," Cathy Anne said. Cecily Strong as Cathy Anne on "Saturday Night Live."

News of the FTX's fall first prompted questions to lawmakers about Bankman-Fried's political donations. Bill Cassidy of Louisiana and John Boozman of Arkansas said they would donate Bankman-Fried’s campaign contributions, though they did not specify the charities they intended to donate the money to. Bankman-Fried also poured millions into super PACs that support candidates outside of their campaigns, including the Senate Majority PAC, or SMP, a super PAC supporting Democratic Senate candidates. The disclosed sums likely don't capture the full breadth of Bankman-Fried's political spending. "The candidates who received money from dark money organizations don't really have to answer for it," Sherman said.

This one holds 25 ounces of water, more than a standard water bottle, and it's way cuter than having cups all over your nightstand. Baggu socksIllustration by Elham AtaeiazarPrice: $14 "These socks are fun and cozy, but a little on the pricey side. MoMA card holderIllustration by Elham AtaeiazarPrice: $16 "I never knew how much I hated my wallet until my mom gave me a card holder. BraletteIllustration by Elham AtaeiazarPrice: $15 "A bralette might not seem like a typical gift, but hear me out. A dozen macarons variésIllustration by Elham AtaeiazarPrice: $5.50 "This Trader Joe's treat was my first introduction to macarons, and I haven't looked back since.

NEW YORK, Dec 15 (Reuters) - Oil prices slid about 2% on Thursday as traders worried about the fuel demand outlook due to a stronger dollar and further interest rate hikes by global central banks. "Crude prices edged lower as ... global recession risks increased after a wave of central banks delivered another strong round of tightening. Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank raised interest rates to fight inflation. Also pressuring oil prices, Canada's TC Energy Corp (TRP.TO) said it was resuming operations in a section of its Keystone pipeline, a week after a leak of more than 14,000 barrels of oil in Kansas triggered a shutdown.

☆ Oil dips as dollar firms and more rate hikes loom
▼ + stars: | 2022-12-15 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

LONDON, Dec 15 (Reuters) - Oil prices dipped on Thursday as the dollar firmed, while the possibility of further increases to interest rates by global central banks also heightened demand concerns. A stronger dollar can weaken oil demand because it makes the commodity more expensive for those holding other currencies. Price declines were capped by projections from the International Energy Agency, which expects Chinese oil demand to recover next year after a contraction this year of 400,000 barrels per day. Meanwhile, U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, the Energy Information Administration said. Goldman Sachs on Wednesday reduced its oil price forecasts for 2023, citing a projected market surplus early next year as supply from Russia remains robust and China demand ramps up.

☆ Oil dips as dollar firms while more rate hikes loom
▼ + stars: | 2022-12-15 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 15 (Reuters) - Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. A stronger dollar weakens oil demand as it makes the commodity more expensive for those holding other currencies. Meanwhile, U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, the Energy Information Administration (EIA) said. U.S. gasoline stocks rose by 4.5 million barrels in the week to 223.6 million barrels, while distillate stockpiles rose by 1.4 million barrels to 120.2 million barrels. "Commercial crude oil inventories rose as refineries trimmed their runs," said Citi analysts in a note.

☆ Oil prices slide 2% as dollar firms and central banks hike interest rates
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: +2 min

Oil prices slid about 2% on Thursday as traders worried about the fuel demand outlook due to a stronger dollar and further interest rate hikes by global central banks. On Wednesday, Federal Reserve Chair Jerome Powell said the U.S. central bank will raise interest rates further next year, even as the economy slips toward a possible recession. On Thursday, the Bank of England and the European Central Bank raised interest rates to fight inflation. Also pressuring oil prices, Canada's TC Energy Corp <TRP.TO> said it was resuming operations in a section of its Keystone pipeline, a week after a leak of more than 14,000 barrels of oil in Kansas triggered a shutdown. U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, the Energy Information Administration said.

☆ Oregon Gov. Kate Brown commutes sentences of 17 people on death row
▼ + stars: | 2022-12-14 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Kate Brown announced plans Tuesday to commute the sentences of the 17 people on death row to life in prison without the possibility of parole, most likely using her executive clemency powers for the last time as governor. “Unlike previous commutations I’ve granted to individuals who have demonstrated extraordinary growth and rehabilitation, this commutation is not based on any rehabilitative efforts by the individuals on death row. Instead, it reflects the recognition that the death penalty is immoral." Brown said the commutations were consistent with a moratorium on the death penalty Gov. The death penalty was first legalized in Oregon in the 19th century, but it has been abolished and reinstated three times since then.

☆ Oregon Gov. Kate Brown commutes sentences of all 17 inmates on death row in her final month in office
▼ + stars: | 2022-12-14 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Oregon is one of 27 states in America that allows for the death penalty. Kate Brown commuted the sentences of all 17 inmates on death row. Kate Brown commuted the sentences of all of the state's 17 death row prisoners to life in prison without the chance of parole. Brown added that the commutation "is not based on any rehabilitative efforts by the individuals on death row" but instead "reflects the recognition that the death penalty is immoral." She is the seventh US governor in the past 50 years to commute all death sentences in a state.

☆ 8 best flat irons to shop in 2022, according to experts
▼ + stars: | 2022-12-13 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +13 min

We also gathered their recommendations for the best flat irons to shop. Ceramic vs. tourmaline vs. titanium flat ironsThe three most common flat iron plates are ceramic, tourmaline and titanium. When the metal beneath — usually aluminum — is exposed, it can cause damage to your hair, according to Bertin. Best flat irons to shop in 2022We consulted experts about what to look for when shopping for a good flat iron and highlighted their recommendations below with varying plate types and sizes for different hair types and textures. Our experts agreed that flat irons should equip a button or knob that easily displays the temperature you’re using, rather than limited settings.

☆ 'Kindred' review: Hulu adapts Octavia E. Butler's novel into another time-travel tale that takes its sweet time
▼ + stars: | 2022-12-13 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

CNN —After starting out well, “Kindred” gets lost in a maze of its own making, adapting Octavia E. Butler’s time-traveling novel into an eight-part Hulu series that spends far too much time spinning its wheels. The series does begin promisingly enough, as Dana (Mallori Johnson) moves into a new house in Los Angeles and begins to experience a series of eerie visions. Mallori Johnson (left) in the Hulu series "Kindred." Brace yourself, in other words, for a lengthier commitment to glean greater insight into how all of this works. “Kindred” premieres December 13 on Hulu.

☆ Tina Turner's son Ronnie dies at 62
▼ + stars: | 2022-12-09 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Ronnie Turner, the son of music icon Tina Turner, has died, his family said. It was not immediately clear Friday what caused Ronnie Turner's death. Ronnie Turner’s brother, Craig Turner, died by suicide in 2018. His aunt, Alline Bullock, Tina Turner’s sister, passed away in 2010. His father, Ike Turner, died in 2007.

New York CNN —Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the Senate Banking Committee next week as questions and confusion swirl about the collapse of his companies. One of the key questions prosecutors are likely to probe is whether FTX misappropriated customer funds when it made loans to Alameda. “I didn’t knowingly commingle funds,” he told The New York Times last week. The Times said the issue is part of a broadening inquiry into the collapse of FTX, and it’s not clear whether prosecutors have determined any wrongdoing by Bankman-Fried. In a statement to the paper, Bankman-Fried said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”

☆ Druski on staying 'that number one go-to guy for comedy,' and business advice from Drake
▼ + stars: | 2022-12-09 | by ( John Lynch | ) www.businessinsider.com time to read: +13 min

Like I just can't imagine falling off or having a short career, or just not being that number one go-to guy for comedy, you know? And yeah, he's ... bro, that dude has mastered ... [laugh], like, the art of everything, you know? And yeah, he's just such an inspiration, and it's great to have him as a friend. Oh yeah, definitely. So it's like, y'all can't no longer say it don't equivilate to real money, 'cause, hey, look at us know, you know I'm saying?

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