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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
Forget the diamond, the most intense Major League baseball smack talk is happening on Twitter.Especially when it comes to the Milwaukee Brewers needling their rivals. After several teams canceled Sunday’s games because of snowy conditions, the Brewers posted a photo of Miller Park with the caption, “Not having a roof on your home sounds miserable in this weather.” 384

Following a three-month break from the campaign trail, President Donald Trump told reporters from the White House pool on Wednesday that he is planning to resume campaign rallies soon.An exact date and location for upcoming rallies isn’t available yet, but Trump said that he has visits to Oklahoma, Florida, Arizona, North Carolina on his schedule. Trump and rival Joe Biden were forced off the campaign trail in March as the coronavirus began to spread in earnest throughout the US.The CDC still recommends against large gatherings of 250 people or more,, and some states are still seeing an increase of coronavirus cases. One of those states is Arizona, where the state’s governor has told hospitals to prepare to go over capacity as the state is seeing a surge in coronavirus-related hospital stays.Trump’s announcement comes on the heels of reports that the Republican Party is planning on moving its convention to Jacksonville, Florida, from Charlotte, North Carolina, as the state’s governor would not commit to lifting a ban on mass gatherings at the time of the August event. 1092
For so many Americans, 2020 has been one of the most challenging years of their lifetimes. From an unprecedented pandemic, to the fight for racial justice, there are scars that still show as we prepare to usher in the new year. But amid the struggle, there have been signs of hope for a better future.The working manTens of millions of Americans have felt the devastating blows the year has brought with it, particularly Chad Whitenmeyer.“Some of [the conversations we had this year] were very scary,” he said. “We had the ‘what are we going to do for money?’”Whitenmeyer, 39, worked for a factory where he relied on the 12-hour days to feed his family of six. But when COVID-19 hit, he was one of the first people he knew to contract the virus.“When I took a breath, it felt like I wasn’t taking a full breath,” he said inside of his mobile home in Loveland, Colorado. “I thought I was in the process of dying.”Chad first lost some motor function as he stayed quarantined at home. Then, he lost his job and along with it, his family’s insurance.“You go down this black hole that you can’t get out of,” he said.After four months of short-term disability, Whitenmeyer applied for unemployment, but because he contracted COVID-19 so early in the pandemic, he was not able to get a test, meaning he had no proof he was actually diagnosed.It forced his wife to find temporary employment while Chad, a man who had prided himself on being the family’s breadwinner for two decades, to stay at home and provide for their kids in a different way.“It’s one of the worst feelings I’ve had about myself in my entire life,” he said. “It feels as though you can’t provide any worth to anyone around you.”The transplant patientOn June 26, 52-year-old Carl Werden was like so many other Americans: trying to stay healthy, while leading a modest life as a contractor.But on June 27, everything changed when Werden, a man with no underlying conditions, contracted the virus when he went to visit his daughter in Massachusetts.In only a matter of days, Werden’s condition deteriorated and he was sent to the hospital, a place he would remain for the next six months.“I think a lot of people think if they get sick with COVID, they’ll just be in the hospital for a few days and then they can go home, but that’s not how it works,” he said from his hospital bed over a Zoom call.For four months, Werden slipped in and out of consciousness as he battled the virus, but in October, his lungs had finally given up. Doctors said if he did not get a double lung transplant, it would only be a matter of days until he died.“Because of the COVID, there was a lot of fibrosis in my lungs and it just kept getting worse,” said Werden. “They cut me open, then they cut my rib cage in half.”Much like COVID-19, Werden does not know where those donated lungs came from. But, no longer paralyzed by fear, he is thankful to still be here.“I want people to realize there are people who are perfectly healthy, like I was, that go from being perfectly healthy to having a double lung transplant,” he said.The pastorIn San Diego, while still grappling with the effects of the pandemic, Pastor Miles McPherson, 60, was dealing with the fallout of a different virus that had taken control of the country in May.“The symbolism of how [Derek Chauvin] killed George Floyd, how I received it was, you are nothing, there’s nothing you can do about it,” said McPherson.After watching the 8 minute and 43 second video of George Floyd’s death in Minneapolis, McPherson saw the country come to grips with an outspoken racial reckoning that took hold of his community, as it did so many others across the country.“This was protracted, lengthened out murder,” he said. “It was as cold-hearted as I’ve seen.”McPherson, a Black man, grew up watching his father serve as a police officer, a path his son is now following as well.“There are a lot more people saying we have to do something, what that is, a lot of people don’t know, but that’s something,” he said. “And that’s the beginning of change.”McPherson is working to be a part of that change through a program called The Third Option Similarity Training. He developed it after publishing his book "The Third Option," recognizing the need for a racial reconciliation training program based on honor.The program is being used by schools, churches, and businesses, teaching people how to honor the similarities between us and use those similarities to establish connection and mutual understanding. The training provides actionable steps and creates space for conversations aimed at creating real change.The resolutionAs we come to the final chapter of 2020, it is easy to look at the negatives, but that’s not where the sights of Whitenmeyer, Werden, and McPherson lie. They are focused on a brighter future.As a stay-at-home dad, Whitenmeyer has invested in a camera where he shoots and edits videos of the daily adventures he has with his kids and posts them on YouTube.“Even though this year, for my body, physically speaking, has been the worst year of my life, I’ve gotten to do what I’ve wanted to do, which is to be a dad,” he said.Carl Werden, while still in the hospital, has not only regained the function of his new lungs, but has started walking as he progresses through rehab.“I’m thankful every day,” he said.Pastor Miles McPherson, along with many of his congregants, feel that in the face of extreme racial tension, our country is well on its way to becoming more unified.“I am always hopeful there’s going to be a victory in the end, not only for Black people, but us as a people, because we’re all one race,” he said.In a year that has left us all paralyzed in so many different ways, there are still reasons to keep moving forward, to put one foot in front of the other and work towards a better tomorrow. 5833
Former NFL running back Kareem Hunt was accused of kicking a man at a nightclub in Kansas City, Missouri, in January 2018.The incident is the latest to come to light allegedly involving Hunt since video surfaced Friday showing him physically assaulting a woman in February. Three incidents of violence involving Hunt have been documented this year.No charges were filed in any of the cases. The Kansas City Chiefs released Hunt on Friday after TMZ posted the video. Hunt asked for forgiveness Sunday in an ESPN interview and admitted to lying to the Chiefs about the incident."I'm asking for forgiveness and I definitely believe I deserve forgiveness," Hunt told ESPN. "Everything is really happening fast right now, and I just want everybody to forgive me."Here is what we know about three incidents in which Hunt's name came up in 2018. 846
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