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Oil Prices Climb On Demand Optimism


Oil Prices Climb On Demand Optimism
WASHINGTON (dpa-AFX) - Oil prices advanced on Tuesday, with Brent crude futures climbing above $70 per barrel to trade at their highest since March on growing optimism over fuel demand outlook.
Brent crude futures for Aug delivery jumped over 2 percent to $70.73 a barrel, while WTI crude futures for July settlement were up as much as 2.7 percent at $68.10 per barrel.
As lockdown restrictions ease around the world and vaccination gathers pace, analysts expect oil demand growth to outstrip supply in the next quarter despite the possible return of Iranian crude and condensate exports.
Surveys showed earlier the day that factory activity continued to expand in key Asian economies in May, thanks to an ongoing recovery in global demand. ....

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Big Lots Inc. Q1 Earnings Climb


Big Lots Inc. Q1 Earnings Climb
WASHINGTON (dpa-AFX) - Big Lots Inc. (BIG) announced earnings for its first quarter that increased from last year.
The company s bottom line came in at $94.56 million, or $2.62 per share. This compares with $49.32 million, or $1.26 per share, in last year s first quarter.
Analysts had expected the company to earn $1.69 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 13.2% to $1.63 billion from $1.44 billion last year.
Big Lots Inc. earnings at a glance:
-Earnings (Q1): $94.56 Mln. vs. $49.32 Mln. last year.
-EPS (Q1): $2.62 vs. $1.26 last year. ....

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Maldives tightens restrictions as virus cases, deaths climb


Maldives tightens restrictions as virus cases, deaths climb
 24 May 2021 - 14:09
Bloomberg
Maldives, the Indian Ocean nation grappling with a fresh surge in coronavirus cases, will impose additional curbs on movement this week to slow the pace of infections.
More restrictions will be introduced from Wednesday, including lengthening the curfew period, according to Mohamed Mabrook Azeez, spokesman for the President’s Office. At the moment, the curfew runs from 4 p.m. to 4 a.m.
The initial restrictions have had an impact on the curve,” he said Monday. We feel that more measures are needed to further slow down the number of positive cases.” ....

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