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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

Former CIA operative Valerie Plame Wilson is apologizing after tweeting an anti-Semitic article titled "America's Jews Are Driving America's Wars" on Thursday.Wilson has been critical of President Donald Trump and his use of Twitter -- including a recent effort on GoFundMe to buy a stake of Twitter and convince the company to ban the President.On Thursday, Wilson shared the article from The Unz Review, an alternative conservative website. After criticism, Wilson repeatedly offered remorse for sharing the article with a series of tweets. 560

For frontline healthcare workers battling COVID-19, the hospital can feel like a war room. Patients are in need of quick help. Some face life-threatening symptoms that need immediate care. Some cannot be saved.They are split-second decisions that have to be made as more patients funnel into hospital beds, and the effects can weight heavily on those tasking with making them.“The mental health symptoms tend to peak about 12 months after the actual event,” said Dr. Chris Thurstone, director of behavioral health at Denver’s largest hospital, Denver Health.In January, a few months before the pandemic hit, Denver Health implemented a program developed at Johns Hopkins called Resilience in Stressful Events (RISE) to help its employees deal with burnout symptoms, unknown to the influx that was to come.In the first few weeks of the program, the hospital’s drop-in center saw around 30 hospital employees a day. Now, months into the pandemic the same drop-in center is seeing more than 300 hospital employees a day.“[Frontline healthcare workers] describe it as this different of burnout than they’ve felt before,” said Dr. Thurstone.“We’re certainly seeing increased rates of people who are struggling and having a difficult time,” added clinical psychologist Dr. Thom Dunn.It is an unprecedented challenge among doctors, nurses, and other hospital staff that is not only being felt in the United States but globally.Researches in Wuhan found 30 to 50 percent of healthcare providers were in a burnout stage before COVID-19. Now, that number is up to 75 percent of healthcare providers.“Depression, anxiety, insomnia, substance use: those are the four things we watch out for,” said Dr. Thurstone. “As things start to settle down and people actually get a chance to breathe and think and be themselves again, they might notice that they’re not completely themselves.”The RISE program offers counseling and an area for frontline workers to take a load off, through board games and other activities that could help ameliorate the stressors they are experiencing elsewhere in the hospital.At Denver Health, calls into RISE have increased tenfold as well, proving that once COVID-19 becomes manageable, another epidemic may soon start to emerge.“We can’t just get through COVID and then pretend nothing happened,” said Dr. Thurstone. “This is placing a stress and strain on every human being, and healthcare workers are human beings and no exception.” 2458

For many, Labor Day simply signifies the end of summer and it offers a great excuse for an extended weekend.However, there’s a deeper meaning behind the national holiday, which has roots as far back as the 1880s.Labor Day is a creation of the labor movement. It’s dedicated to the social and economic achievements of American workers, the bedrock of the U.S. economy and the country's prosperity.“It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country,” according to the U.S. Department of Labor.The first Labor Day was celebrated in New York City on Sept. 5, 1882, in accordance with the plans of the Central Labor Union.As for the founder of Labor Day, there is still some doubt about who first proposed the holiday for workers.Some records show Peter J. McGuire, a co-founder of the American Federation of Labor, was the first to suggest the holiday. Meanwhile, others believe that machinist Matthew Maguire proposed the holiday in 1882 while serving as secretary of the Central Labor Union in New York.Regardless, Labor Day celebrations gained popularity and communities across the U.S. began making it a state holiday. First, Oregon passed it into law, followed by states like Colorado, Massachusetts, New Jersey and New York.By 1894, 23 more states had adopted the holiday and in June of that year, President Grover Cleveland signed a law making the first Monday of each year a national holiday.Since then, Labor Day celebrations have evolved. In the early years, Americans celebrated with street parades and festivals.“Speeches by prominent men and women were introduced later, as more emphasis was placed upon the economic and civic significance of the holiday,” the Department of Labor says.Today, the holiday is still celebrated in cities and towns across the U.S. with parades, picnics, barbecues, firework displays and more. 1928

Firefighters in western Colorado hope a winter storm could spell relief from a rash of wildfires that have spread throughout the state this week. But between now and Saturday evening, firefighters will face more warm temperatures and gusty weather, which could fuel the spread of the six major wildfires.Between Wednesday evening and Thursday evening, the East Troublesome Fire exploded in size from 20,000 acres to 170,000 acres — the second-largest in state history.A cold front slowed the spread of that fire on Thursday evening, but hundreds of evacuations remain in place in Grand and Larimer Counties. Rocky Mountain National Park also remains closed due to its proximity to the fire.As of 10:30 a.m. ET, the fire was burning 170,163 acres and was only 5% contained. It's just the latest in a historic wildfire season in the state that has seen the state's four largest wildfires of all time.The East Troublesome Fire is confirmed to have caused "minor" injuries to one firefighter thus far.After a slight warmup early Saturday, another cold front will dip into Colorado that evening and into Sunday morning, bringing a projected five inches of snow to much of the Denver metro area and higher amounts to the west and northwest.While heavy snowfall in the north-central mountains isn't guaranteed to put an end to the East Troublesome, Cameron Peak, Calwood, Lefthand Canyon, Middle and Williams Fork fires, the precipitation will surely give firefighters a spell of relief and allow crews to fight the fires more directly.Before Saturday's cold front, though, crews face more warm, dry weather in the mountains and gusty conditions ahead of the front. Winds could gust up to 50-70 mph along the Berthoud Pass and 20-25 along mountain valleys, creating critical fire conditions again, according to the National Weather Service.The conditions could create rapid fire growth, though the relative humidity should be better Saturday than we've seen this week.When the snow begins Saturday night, up to a foot could fall in some areas of the mountains, and the snow should stick around into Monday, according to the weather service.This story was originally published by Ryan Osborne on KMGH in Denver. 2212

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