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Friday brought another round of dramatic price cuts in the oil patch.US oil prices plummeted 7% and sank deeper into a bear market that has alarmed investors and made drivers around the world happy.The latest wave of selling knocked crude below a barrel for the first time since October 2017.Anxiety about oversupply and diminished demand have sent crude down by a third since it soared to a four-year high above a barrel in early October. Observers have gone from fearing 0 oil to expressing concern over why its price collapsed so quickly."The unrelenting six-week selloff has been unnerving to say the least," Michael Haigh, head of commodities research at Societe Generale, wrote to clients on Wednesday.Oil bulls are hoping OPEC and Russia come to the rescue by announcing steep production cuts at a meeting next month in Vienna. However, President Donald Trump is pressuring Saudi Arabia and OPEC not to reduce output despite the crash in prices. Traders are worried Trump's recent praise for Saudi Arabia signals the Saudis won't back a significant production cut.For the week, US oil prices are down nearly 10%.Lukman Otunuga, research analyst at FXTM, described the weekly selloff as "brutally bearish."Brent crude, the global benchmark, shed 5.5% on Friday and declined to a new 2018 low of a barrel.The meltdown was triggered by a series of developments that darkened the energy outlook. Prices soared over the summer as Trump vowed to zero out Iran's oil exports. That led Saudi Arabia, Russia and especially the United States to ramp up production. However, the Trump administration later took a softer approach on Iran sanctions to keep oil from spiking. Officials granted temporary waivers to China, India and other buyers of Iran's crude. That headfake left the oil market staring at a potential glut.At the same time, global growth fears emerged in financial markets. Economists are marking down their GDP forecasts for 2019. Germany and Japan, the world's No. 3 and 4 economies, are already in contraction. China is slowing, too. None of that is bullish for oil, which powers the world economy."Rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," Otunuga wrote to clients on Friday.The rapid collapse in oil prices caught many off guard, including hedge funds that made outsized bullish bets on crude earlier this year. Large commodity funds have accumulated losses in excess of .7 billion so far this quarter, Societe Generale estimates."Sentiment on commodity markets has been despondent," Haigh wrote.The energy slump came at just the right time for consumers though. Millions of Thanksgiving travelers were greeted by cheaper prices at the pump. The average gallon of gallon fetched .58 on Friday, down sharply from .84 a month ago, according to AAA. 2880

For months, President Donald Trump has relentlessly attacked the Russia probe, and his missive Wednesday saying Attorney General Jeff Sessions should stop the investigation reignited the question of whether Trump's actions would constitute obstruction of justice.Soon after becoming President, Trump asked then-FBI Director James Comey to stop investigating former national security adviser Michael Flynn, according to Comey. Trump later fired Comey, and said Russia had been on his mind when he made the decision. After special counsel Robert Mueller was appointed to investigate Russian interference in the 2016 US election, Trump apparently considered firing Mueller.Now as Mueller's first trial is underway, of the President's former campaign chairman Paul Manafort, Trump has ramped up calls to end the whole probe. "This is a terrible situation and Attorney General Jeff Sessions should stop this Rigged Witch Hunt right now, before it continues to stain our country any further," Trump tweeted.As Mueller has been investigating Russian interference and any links between the Russian government and the Trump campaign, his team is also exploring whether Trump has attempted to obstruct the investigation.Yet prosecutors say obstruction is not a clear-cut matter and corrupt "intent" would have to be proved. And ultimately, Trump's actions might not be tested in a court of law but rather in the chambers of Congress. The traditional venue for action against presidential wrongdoing is the impeachment process, where it would fall to the House and Senate to determine whether Trump's actions warrant punishment.Trump's tweets prompted an immediate response from Rep. Adam Schiff of California, the top Democrat on the House Intelligence Committee, who said on Twitter that the demand from the President "is an attempt to obstruct justice hiding in plain sight" and added, "America must never accept it."Sessions last year recused himself from the investigation related to Trump's 2016 presidential campaign. (Sessions had earlier failed to disclose during his Senate confirmation hearing contacts with Russia's ambassador to Washington.) Deputy Attorney General Rod Rosenstein appointed Mueller as special counsel to look into the Russian interference and any Trump campaign officials' involvement.Trump has repeatedly denied any connections and has also said there has not been any obstruction. As Manafort's trial began this week, the President repeated his "there was no collusion" mantra. Earlier this week Trump's lawyer Rudy Giuliani said on CNN that Trump would not be found "colluding" with the Russians.Yet as much as the word "collusion" has been invoked to describe possible complicity between Trump associates and Russian operatives, there is no federal crime of "collusion" in this kind of investigation.The crimes that might be charged would be conspiracy, making false statements, destruction of evidence or obstruction of justice.That last offense covers any attempt by someone to "influence, obstruct, or impede" the "due administration of justice." The key question in a criminal case is whether the individual acted with a corrupt intent.Former federal prosecutor and CNN legal analyst Renato Mariotti suggested that special counsel investigators may view Trump's directive to Sessions as evidence of such corrupt intent."They think this is more evidence of corrupt intent. I think that the Mueller team is adding more tabs to their exhibit binder," Mariotti told CNN's Kate Bolduan on "At This Hour" in response to a question about what Mueller's team might think about the latest tweets. He added that "what these tweets are are presidential statements."Mariotti cautioned that he did not think the tweet would be used by Mueller as the specific basis for an "obstructive act," but said that "today's tweet is a very, very strong indicator that the President is willing to do whatever it takes to make sure that he and his friends are protected from the investigation."Giuliani attempted to downplay the President's tweet on Wednesday by saying it was not a presidential order."The President was expressing his opinion on his favored medium for asserting his First Amendment right of free speech," Giuliani told CNN's Dana Bash. "He said 'should', not 'must', and no presidential order was issued or will be."White House press secretary Sarah Sanders echoed that interpretation, telling reporters that Trump "wants to see it come to an end, as he has stated many times, and we look forward to that happening." She added, "The President is not obstructing. He's fighting back." 4666

FORT COLLINS, Colo. – Colorado State University says it “deeply regrets” the experience two Native American teens underwent on a campus tour earlier this week, but says it has been unsuccessful in getting ahold of the family.“Early this week, University officials reached out directly to the family of the young men & their high school. We’d like the opportunity to speak w/Ms. Gray & her sons but we have not heard back from the family. We ask them to please get in touch with us at their convenience,” the university said in a string of tweets posted to its official Twitter account.“We will refund any expenses they incurred traveling to CSU. We deeply regret the unwelcoming and concerning experience they had while guests on our campus,” the university added. “The Office of Admissions, Office of the Vice President for Diversity, Native American Culture Center, and CSU Police Department all are reviewing how such an incident can be avoided or handled differently in the future.” 1002

Four people were killed and four others were wounded when a gunman opened fire in a Waffle House in Antioch, Tennessee.The mass shooting happened around 3:25 a.m. Sunday at 3571 Murfreesboro Pike near Hobson Pike.Metro Nashville Police Department officials named 29-year-old Travis Reinking, from Illinois, as a person of interest in the shooting, saying the vehicle the gunman used was registered to him. 423

Following the CDC's recent No Sail Order extension , cruise lines say they'll not only create a bubble, but they'll test everyone who steps onboard. The tourism industry has been hit hard by the pandemic, and industry leaders say people are ready to take their coronavirus precautions and set sail.“We’ve been out of California, we’ve done all the Mexican, Caribbean, Bahama, Alaska, Hawaii, we’re planning on Panama Canal next year. After that we want to go to Europe and do a riverboat cruise,” said Betsy Atwood, a passenger on 37 past cruises.When she's not "cruising,” Atwood calls Vassar, Michigan, home. She was onboard a ship last spring when cruise lines were ordered back home. Ever since then, she's been ready to get back out on the high seas.“They need to sail, they need to get them going. You’re safer on the ship then you are to the grocery store. They’re so clean to begin with and I know now they’re cleaner than they were before,” Atwood said.Cleaning is just one part of the broad plan to get passengers back said Joe Leon, vice president of field sales for Silversea in the Americas. Silversea in the Americas is the luxury arm of Royal Caribbean and its ships only carry 600 people on board, which is small by industry standards. Other vessels have capacities of five to six thousand guests.Leon said since the shutdown, they've been simulating what life would be like on the ship, including dining and egress.He said the team of experts behind "Healthy Sail Panel" detailed all of that in a 65-page report for the cruise industry.The "74-point memo on exactly what their recommendations are, assessment of our current protocols and how the science applies and why it should apply and why these are the recommended action and result is a safe environment, our idea is to create a bubble for customers,” Leon said.Testing 100% of passengers, face coverings, enhanced sanitation methods will be everywhere. Leon says the report details multiple focal points.“First is embarkation and screening,” Leon said. “That’s testing and how strict we are with crew and passengers and contractors. Then there's public safety on board and public access where you will have to wear masks and what’s the proper social distancing measures.”They're taking shore excursions into account too, and medical facilities. While things will be different, he says, it's everyone's responsibility to do their part so that everyone can safely sail when it's time.For Atwood, who has a new excursion planned for March, what they're doing is more than enough. She's part of a group who is anxiously awaiting their annual cruise, and says, “We’ll all be heartbroken; they need to open them back up," Awtood said.The CDC's No Sail Order expires October 31, but some cruise lines are postponing voyages through the end of 2020. 2823