Brent for May settlement dropped 1.9% to $50.74 a barrel on the ICE Futures Europe exchange as of 12:15 p.m. in London, having earlier slipped below $50. WTI futures for April delivery fell 2.7% to $45.81 a barrel on the New York Mercantile Exchange, poised for the biggest weekly drop since December 2008. … [Read more...] about Brent crude trades near $50 after slipping below on virus fear
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As the inaugural Tuwaiq Trophy Gauntlet Match neared its conclusion, Rey Mysterio was twice introduced as the final competitor, but failed to answer the call. While Styles stood in the ring, cameras cut to the back, where Luke Gallows and Karl Anderson were attacking the masked Mysterio. The leader of the O.C. then told the referee to declare him the winner of the match as no other competitors were left. But as cameras panned backstage once again, it was revealed that the Gallows and Anderson had subsequently been attacked and were left laying themselves. With a closeup of the beaten duo on the ground, a familiar pair of black boots and long black leather jacket walked through the shot. … [Read more...] about WWE Delivers Stunners: Undertaker Returns, Goldberg Wins Universal Championship
Just a day earlier, Saudi Arabia took the unprecedented step of closing Islam's holiest sites off to foreign pilgrims to stop the virus' spread. Meanwhile, the virus continued its spread across top leaders in Iran, afflicting Vice President Masoumeh Ebtekar. She's better known as “Sister Mary,” the English-speaking spokeswoman for the students who seized the U.S. Embassy in Tehran in 1979 and sparked the 444-day hostage crisis. … [Read more...] about Iran confirms 34 deaths from coronavirus amid 388 cases
Commodities are caught in an unrelenting slump as gloomy headlines over the impact of the deadly coronavirus pile up. In addition to the plunge of more than 20% in oil since the start of the year, copper and nickel slid, while a gauge of grain prices was set for the first back-to-back monthly loss since August. Investors fleeing risk have found a haven in gold. Brent, the global crude benchmark, kept falling on Friday and is now down around 12% this week. … [Read more...] about OPEC chief: Group making renewed push for oil cuts
So is this Saudi Arabia’s endgame — to assert its influence again over its little brother? The UAE is also a key figure in this — it’s not just a Saudi thing. The Deputy Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud, who’s this 31-year-old, very ambitious young prince; and then his mentor, the Crown Prince of Abu Dhabi, Mohammed bin Zayed Al Nahyan, have become this new axis of hawkish policymakers. Under the Obama administration, the Saudis and Emiratis didn’t feel they had the U.S. government backing. They didn’t believe Obama understood the security concerns about Iran and about Islamism. They were horrified by the Iran nuclear deal, and by the U.S. government’s acceptance of the uprising in Egypt in 2011 that, for them, swept away one of the U.S.’s longest security and political partners in the Middle East. They were thinking, Well, if that could happen to them, it could happen to us. In Abu Dhabi and in Riyadh, they … [Read more...] about What the Hell Is Happening With Qatar?