Business

Oil Falls 1% as Bullish Bets Fade with US Output Rise

Oil Falls 1% as Bullish Bets Fade with US Output Rise

The Organization of Petroleum Exporting Countries is leading an effort to correct an oversupplied market through managed declines. Two weeks ago, there were indications that OPEC's deal to cut oil prices was falling out after Saudi Arabia's energy minister, Khalid al-Falih started riling other participants in the deal for not keeping their ends of the bargain.


Fed Interest Rate Hike 'Not Likely to End this Bull Market'

Fed Interest Rate Hike 'Not Likely to End this Bull Market'

This means that it will continue to focus on the risks of both above and below-target inflation and in her accompanying press conference, Fed Chair Yellen reassured market watchers that the Fed would allow inflation to rise above its 2% target level over the shorter term without initiating additional rate hikes.


Article 50 trigger date: political and business reaction

Article 50 trigger date: political and business reaction

While May says "no deal for Britain is better than a bad deal for Britain", quitting the bloc without a pact or more time to negotiate one would leave the country exposed to World Trade Organisation tariffs, putting duties of around 10 per cent on vehicle exports alone.



Oil prices continue sliding as production limit optimism fades

May Brent crude LCOK7, -0.14% gave up 14 cents, or 0.3%, to $51.62 a barrel on the ICE Futures exchange in London. WTI crude has "found itself vulnerable to heavy losses.as the rising drilling activity in the US reinforced the oversupply fears", said Lukman Otunuga, research analyst at FXTM, in a note.



What bothers you most about the Cleveland Cavaliers resting their star players?

Kyrie Irving is battling left knee soreness right now, but other than that has had tremendous health all season. The league apparently found some fault in Lue, however, as Cavs general manager David Griffin told ESPN's Ramona Shelburne he received a call from the league office shortly after Lue's decision to hold his players out was announced.