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Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a ....
The u. S. And china are dusting off corporate deals in anticipation. Austria braces for a hotter weekend as fires continue to burn out of control. Thousands are urged to seek shelter. This justin, the u. S. House is voting on the or powers resolution. , as is mostly symbolic resolution that would seek to limit the President Trumps options for military action against iran. House speaker Nancy Pallone says democrats were not satisfied by the administrations justification for last weeks airstrikes that kill a top iranian official. Nancy pelosi saying this is more than a symbolic gesture. We have more analysis, but it seems like a long shot for this to pass the republican held senate. That news just coming in that the resolution has been passed in the house. When it comes to the trading session, it is fading out. Tensions between u. S. And iran. A report suggests that the ukraini ....
The hearing will come to order. Welcome to the committee and the budgetary on the Congressional Budget Office baseline scoring. This is the second of five hearings the Committee Plans to hold the spring on oversight of the Congressional Budget Office. As we discussed, cbo was created more than 40 years ago as part of the congressional budget and impoundment active 74. Since then they been a vital support agency that provides nonpartisan budget analysis and assist in budget committees. The hearings are intended to help us learn more about how the agencies carries out mandates of supporting congress and the federal process and consider areas where the agency can improve. It has not undergone a comprehensive review since it was founded. The demands have changed since 1974. We want to make sure the ....
Dow down 37 points and the s p nudging back up towards the flat line at 2066 and change and nasdaq in Percentage Points the big lieutenantser, down twothirds of a point. Seven of the sectors are low for the year including staples, i. T. , financial, industrials, utilities and energy rounding out the bottom of the pack. Both down more than 9 year to date. Oil getting hit hard again today before staging a bit of a comeback. There you see its got modest losses right now. West texas intermediate at 51. 97. Ice brent crude at 56. 43, down 11 cents or about a fifth of 1 . And then ty yield falling enough that were starting to hear about lower mortgage rates. The tenyear right now earning 2. 221 . Euro Group Leaders meantime emergeing from a crucial summit on greece about one hour ago. The result nothing, according to reuters. Another meeting set for tomorrow. The eurozone summit ....