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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 the first time in history, out of the four major professional leagues, Kawhi Leonard and Stephen Strasburg are the first players from the same university to be named postseason MVP in the same season. #GoAztecs pic.twitter.com/EyOT7blwDi— GoAztecs (@GoAztecs) October 31, 2019 294

Former Michigan Governor Jennifer Granholm has been picked by President-elect Joe Biden to run the Energy Department, the Associated Press confirmed and was first reported by Politico.The department plays a key role in helping develop the technologies needed to fulfill Biden's pledge to move the country off fossil fuels.Granholm served two terms as Michigan's Governor and is experienced in dealing with the auto industry, which could be an advantage as the president-elect seeks to speed up the roll out of electric vehicles and the network of charging stations used to power them.If confirmed, Granholm would be the second woman to lead the department since its creation in 1977."She really worked very hard in 2016 to place herself as Energy secretary with the Clinton team," said Skip Pruss, the director of the Michigan Department of Energy, Labor, and Economic Growth under Granholm. "She’s really a student of the [energy] transition. If you were to ask me what was a limitation in Michigan, I would say that she was slightly ahead of her time."This article was written by Kellen Voss for WXMI. 1111

FORT MITCHELL, Ala. – A 5-year-old boy was struck and killed by a vehicle on a busy Alabama highway Sunday night after reportedly being forced out of a car as punishment.Russell County Sheriff Heath Taylor told WTVM that the boy, Austin Birdseye, was riding in the car with his mother’s boyfriend, 35-year-old Bryan Starr, when the child began “being unruly.”Taylor told CBS News that Starr had taken the boy on a drive that night to “calm him down” after he acted up at home.During the drive, Taylor says Starr pulled over, told Birdseye to get out of the vehicle and then lost sight of him in the rain. The boy ended up wandering onto Highway 165 in Fort Mitchell, where he was fatally hit, according to the sheriff.Starr was arrested on a murder charge, but he has since bonded out of jail, CBS reports. If convicted, he could reportedly face 20 years to life in prison.Taylor believes Starr made a horrible decision. He said he understands trying to discipline the child, but the way Starr did it was “mind-boggling.” He told CBS that it serves as a lesson to parents.“There's way to discipline your child, but we have to do it the right way and we can't do it in a way that's going to potentially bring harm," Taylor said.Starr is in the military, stationed at Fort Benning. In a statement obtained by WTVM, the U.S. Army post said it is deeply saddened by the tragic event and is cooperating with local law enforcement. 1433

For those who have a job they can do from home, plans to go back to the office full-time continue to get pushed back.If they weren't feeling burnt out before, experts with staffing firm Robert Half say you could be feeling it set in now.“If you don't raise your hand and have a really open and honest dialogue, you could continue to feel that way and that burnout can manifest itself in you missing deadlines, in you skipping work, needing to take vacation time and it really can be a weight that bears on you,” said Brett Good, Sr. District President at Robert Half.He says your boss should be receptive. Many of them are feeling the same way.That burnout can feel heavier because many people are afraid to take vacation.A new survey from LinkedIn found nearly 70% of professionals don't plan to take time off through the end of the year or aren't sure if they will.More than half say they're afraid to travel because of the risks associated with COVID-19 and 22% want to save their vacation time in case they or a family member gets sick.Even for people planning to take vacation, a quarter say they feel more pressure at work to be always-on because of the current state of the economy.If you're looking for a job right now, expect to see more openings that let you work from anywhere.“Most employers that we're chatting with right now are very upfront of saying, ‘yes we're ok with remote right now, but ultimately we will want that person to be working in our facility or one of our facilities,’ and so you have to ask the question to be sure if you're interviewing with an employer of what does it look like in 12, 24 months who knows how long,” said Good.Experts at Robert Half say they expect to see more work-from-home jobs long-term, even after the pandemic. 1776