It is not just oil but if you look at the correlation between the oil and the stock market they made the same bottom base in crude and stocks from the low we saw in february. Weve seen a nice reversal. In the middle of a range for oil where weve been trading a move up to 36 could get shorts scrambling. Weve seen a nice leg to the upside. Were now at the upper end of the range. Weve been trading between 1950 and 1810 in the s p. A break to the upside. You do the math, add 140 points on top, the target is 2100 on the s p if the breakout follows through. Melissa yeah. How do you see this translating to the other Refined Products right now . Well, crude oil obviously is benchmark, that is what people focus on. Were still in the winter season. Here in chicago well be, refiners will be shifting production and doing their maintenance. So in the near term, that could be supportive of prices. But, you know overall if you look at natural gas, if you look at gasoline they continue to drift lower
All this coming after a very windy start to the day where mount diablo had a 62 miles an hour wind gusts. The wind advised not done yet. The Weather Service has extended until 4 00 tomorrow morning. Wind gusts up to 55 miles an hour. Rain, wind, well talk more about mountain snowfall and a second storm heading our way in about 10 minutes. Rain, win, damage on there. We have Team Coverage starting with on the aboard the. Reporter andrea borba. Reporter it has been been not el nino like it has been 29 days since we have seen half an inch of rain fall. In mill valley, two thirds of an excel in 2. 5 hours during this commute hour storm. It traveled through San Francisco into clan it santa clara, reading the clouds of desperately needed water here on the ground. The storm has moved out of this portion of the bay, leaving behind gusty and uncomfortable winds. Andria borba, kpix 5. Pg e is scrambling to get power restored all of the bay area. You can see over my shoulder crews working on gett
Live from the cbs bay area studios. This is kpix 5 news. What a difference a day makes. A recordbreaking heatwave. Paul deanno is tracking the radar. s spots in the bay area were sunny yesterday. Today, 51 and sopping rett. The wet. The rain has moved out for the most part. Still pouring in morgan hill and gilroy. Showers are exiting san jose and for your fremont. How much rain . In less than three hours we got an inch and a half of rainfall, nearly an inch in santa rosa, three quarters of an inch in walnut creek ann livermore. Half an inch in San Francisco and half an inch and sunnyvale. All this coming after a very windy start to the day where mount diablo had a 62 miles an hour wind gusts. The wind advised not done yet. The Weather Service has extended until 4 00 tomorrow morning. Wind gusts up to 55 miles an hour. Rain, wind, well talk more about mountain snowfall and a second storm heading our way in about 10 minutes. Rain, win, damage on there. We have Team Coverage starting with
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Similar take a look at these Associated Press pictures for some perspective. This is pres. Calvin coolidge in havana with his wife and the cuban president on january 19 the cuban president on january 19, 1928. According to the state department 88 years ago was the last and only time a sitting us president to visit cuba. Congresswoman ilianainvited us to her home tonight. He said when the conditions are right and i asked myself, what happened to make additions, right . They deteriorated since the president made his speech december 17 the year before, there have been massive arrests, massive detentions. Today, almost 30 ladies in white, a peaceful prodemocracy Human Rights Group were arrested. Around the same tight. We were talking with the candidate and sen. Marco rubio had this to say on cnn. Is that something is the president that you would do . To make. I will tell you the problem with the cuban government, it is not just a communist dictatorship at an anti american dictatorship. In