Connect with us
International oil prices rebounded in V, crashes in four days...WTI 25% 'sluggish' International oil prices rebounded in V, crashes in four days...WTI 25% 'sluggish'

News

International oil prices rebounded in V, crashes in four days…WTI 25% ‘sluggish’

Published

on

International oil prices fell sharply on Thursday.

Last week, it fell to the negative zone, and it was premature to see if it had rebounded to the ‘V-shaped curve’ for three consecutive days, but it was soon plummeting.

On the New York Mercantile Exchange, West Texas crude for June delivery closed at $12.78 a barrel, down 24.6 percent ($4.16).

It fell to $ 11 as it was pushed by more than 30% in the market.

Brent June crude for the London ICE futures exchange is also trading at $20.04, down 6.53% ($1.40) from 3pm.

It was pushed to $19.11 in the market.

Analysts say that oil prices have been lowered as concerns over storage have increased amid a sharp drop in demand for crude oil and a deepening supply glut due to the new coronavirus infection (Corona 19).

The oil-producing countries will reach a 9.7 million barrel reduction agreement a day from next month, but it is far below the decline in demand due to the Corona 19 incident.

In the market, global crude oil demand is estimated to have fallen by 20 to 30 million barrels a day.

As crude oil inventories continue to grow steeply, there is also a prospect that they will reach a tank top filled with global crude oil storage tanks in the coming months.

This makes it difficult to purchase the quantity beyond the actual demand regardless of the price.

Dan is a software developer with experience in designing, development, and delivery of Android apps. His key skills include knowledge of Core Java, JSON & XML Parsing. He's also a keyboardist. So, either you’ll find him at her desk busy in building mobile apps or at a composing music in his home studio. He contributes his ideas on tech at PressReels as an author. You can contact him at Danreels@gmail.com

CELEB

BLACKPINK With a Hat-Trick As They Once Again Retain The #1 Spot In NEW K.ID’s Weekly Chart

Published

on

BLACKPINK With a Hat-Trick As They Once Again Retain The #1 Spot In NEW K.ID’s Weekly Chart
[WEEKLY IDOL]

NEW K.ID, the No.1 TV channel for all K-Pop entertainment and source (https://cutt.ly/NEWKID), announced its weekly chart for the 3rd week of August.

BLACKPINK retains its #1 spot in the NEW K.ID’s weekly chart for three consecutive weeks as they tie with WINNER’s previous record. BLACKPINK has announced a new single dropping on August 28th which will be a collaboration with American pop star, Selena Gomez. Selena Gomez also recently teased her collaboration with BLACKPINK on her Instagram post captioned, “SELPINK pulling up soon. 8/28”.

Photo: Instagram @selenagomez

Following their release of the single, BLACKPINK will be releasing their first debut album on October 2nd.

[WEEKLY HOT NEWS]

PENTAGON, SHINee, GWSN, and N.Flying all retained their spots in TOP5. The 6th place, WINNER, celebrated their 6th year debut anniversary. MINO posted a photo of WINNER on his Instagram, celebrating the time and unforgettable memories that they have spent together for the last 6 years. 

Photo: Instagram @realllllmino

Ranked at #9, SF9’s Rowoon has been named as ‘The North Face white label’s F/W’ model and its brand ambassador. With a height over 6’3’’, Rowoon not only has a youthful personality but also has various talents as he can both sing and act in various entertainment fields. The North Face saw that Rowoon’s versatility perfectly matched its brand image and decided to partner with Rowoon.

Coming in at #10, DAY6’s sub-unit, Even of Day, is releasing a new album, ‘The Book of Us: Gluon – Nothing can tear us apart’ on August 31st. All 7 songs in the album are written and produced by the Even of Day members. Young K is expected to play guitar in place of Sungjin and Jae. JYP’s representative commented, “Young K showed his expertise on the bass guitar and will continue to play more instruments.” It was also mentioned that Wonpil’s synthesizer and Dowoon’s electronic drum will be key in this album.

Additionally, in last week’s ‘2020 SORIBADA BEST K-MUSIC AWARDS’, GWSN and LOONA won New Wave New Artist Awards while GFRIEND took the main prize (bonsang) home.

NEW K.ID, the only TV channel that allows viewers to enjoy K-POP Idol-related content programming 24/7 and exclusive episodes curated from 10K+ videos, is available at CH 511 for free on LG Smart TVs and XUMO apps on all Internet-connected devices.

Continue Reading

Breaking News

Death after unmasked arrest – Mexico Floyd

The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”

Published

on

Death after unmasked arrest - Mexico Floyd

Amid a stir across the U.S. over the “George Floyd” incident that killed white police abuses, similar cases of abuse of public power have been revealed in Mexico, sparking public outrage.

The daily El Universal has been protesting against the incident since it was belatedly revealed that construction worker Giovanni Lopez died the next day after being arrested by police in Guadalajara, western Mexico, on April 4.

The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”

Death of George Floyd

On May 25, 2020, George Floyd, a 46-year-old black man, died in Minneapolis, Minnesota, after Derek Chauvin, a white police officer, knelt on Floyd’s neck for almost nine minutes while Floyd was handcuffed face down in the street

Continue Reading

Trending