The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Oil Prices Retreat

@AFP

LONDON (AFP) – World oil prices dropped on Tuesday, with New York crude taking a hit from disappointing U.S. data, according to analysts.

Brent North Sea crude for delivery in September fell 29 cents to stand at $107.86 a barrel in London midday deals.

New York’s main contract, West Texas Intermediate (WTI) for delivery in September, slid one dollar to $105.94 a barrel.

“The price decline was triggered by weaker-than-expected existing home sales in the US,” said Kash Kamal, research analyst at Sucden brokerage in London. “Expectations for a further drawdown in [U.S.] crude stocks this week may support WTI near current levels.”

He added: “Brent remains relatively well supported at current levels as tensions in the Middle East continue to threaten supply, however prices have experienced some downside as concerns over slowing Chinese growth materialised.”

The National Association of Realtors on Monday said that US home sales fell 1.2 percent to an annual rate of 5.08 million in June. The average analyst estimate was for a rise to 5.28 million in June.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Rep. Elise Stefanik

Photo from Elise Stefanik's official Facebook

Reprinted with permission from American Independent

New York Rep. Elise Stefanik, the third-ranked Republican in the House, began running a series of campaign ads on Facebook on Wednesday invoking a racist conspiracy theory that falsely alleges that immigrants are being invited to the United States to replace white voters.

Keep reading... Show less

Former Secretary of State Mike Pompeo

Photo by U.S. Department of State (Public domain)

Reprinted with permission from Alternet

Newly unredacted records from a whistleblower complaint in the State Department have shed light on more allegations against former U.S. Secretary of State Mike Pompeo and members of his former staff.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}