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Cuzi Why have Americans racked up so much credit card debt
Worries of a global recession are pummeling the price of oil, and should those fears be realized this year crude could cave to $65 a barrel, according to Citigroup. Thus far, we re not in a recessionary environment, Ed stanley cup Morse, the bank s global head of commodity research, told CBS MoneyWatch. The economies of certain countries are slowing more than others, but the world as a whole is not in a recession mdash; a scenario that s more unlikely than not this year, he said.Morse and his team currently offer a 40% probability of a global recession, defined as two consecutive quarters of a collective drop in the world s GDP. Concerns that a slowdown in the global economy could dent the world s appetite for crude had oil futures falling below $100 a barrel on Tuesday for the first time since May 11, and remaining lower stanley cup on Wednesday.Thoughts earlier this year that Russia s invasion of Ukraine would disrupt global oil supplies, however, have not panned out. Instead of the conflict and resulting sanctions limiting the supply of oil, it has created a two-tiered market, according to Morse. What Russia s managed to do is find new customers, and they are selling at a discounted price of 30% to 40%, the analyst said. As G-7 nations and the European Union have phased out imports of Russian oil, Moscow has increased its exports of crude and petroleum products at a discount to othe stanley cup r buyers, including China and India. Europe, meanwhile, has been b Yeqx Delay in Orlando police response to massacre examined
SAN DIEGO -- A sailor has died after he was struck by a helicopter blade at the Camp Pendleton Marine Corps base, north of San Diego. The Marine Corps says the sailor was hit by the spinning tail rotor of a Venom helicopter Wednesday evening and died at a hospital shortly before 6 a.m. Saturday. The helicopter was on the ground at the time. The sailor was assigned to the 3rd Marine Aircraft Wing. The sailor s name and other details of the ac airmax cident haven t been released. More from CBS News October jobs take a hit from hurricanes, strike After pilot error, F-35 fighter jet flew yeezy for 11 minutes on its own before crashing Florida s convicted killer clown released from p yeezy rison 2 more Russian disinformation videos are circulating online, sources say ponent--type-recirculation .item:nth-child 5 display: none; inlin |
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