Crude oil prices look set to climb higher this week and the rise could extend into the coming weeks as well, analysts are predicting. The question on everyone’s minds: how high would OPEC let oil climb before rolling back the output cuts?. “Strong market fundamentals are pushing oil prices...

Strong Fundamentals Suggest Oil Prices Will Continue to Climb

'Price performance in the year to date has been slightly weaker than we had anticipated', BMI analysts said. In a report sent to Rigzone by Fitch Group recently, analysts at BMI, a unit of Fitch Solutions, revealed their latest Brent oil price forecasts out to 2028. BMI analysts project that...

BMI Reveals Latest Oil Price Forecast

August WTI crude oil (CLQ24) today is up +0.56 (+0.67%), and Aug RBOB gasoline (RBQ24) is up +1.72 (+0.66%). Crude oil and gasoline prices today are moderately higher, with crude climbing to a 2-1/2 month high and gasoline posting a 2-month high. Today's decline in the dollar index (DXY00) to a 3-week low is bullish for energy prices. Crude also has carryover support from Wednesday when the EIA reported crude and gasoline inventories fell more than expected. Limiting gains in crude are global energy demand concerns after Saudi Aramco Thursday cut prices for all of its oil grades to Asia for August delivery, the second straight month prices have been cut.

Crude Gains on Dollar Weakness and Tight Supplies

West Texas Intermediate hit a session high of $84.52 per barrel, before pulling back. Oil market analysts have been forecasting a tighter market in the third quarter as summer fuel demand picks up. UBS and JPMorgan expect global benchmark Brent crude to hit $90 per barrel this quarter. U.S. crude...

U.S. crude oil posts fourth straight weekly gain on solid demand outlook

CBS Pittsburgh

The world could have a glut of oil by the end of the decade because of rising production combined with declining demand as consumers and businesses switch to electric vehicles and renewable energy, according to a new report from the International Energy Agency.The International Energy Agency said Wednesday that the world's total oil supply capacity is expected to rise to about 114 million barrels a day by 2030, which the group said would amount to "staggering" 8 million barrels a day beyond projected demand. That type of spare capacity hasn't been seen outside the COVID-19 lockdowns of 2020, when economies across the...

The world could soon see a massive oil glut. Here's why.

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Business Times

Prince Harry is reportedly contemplating a permanent return to the UK and the royal family, but without his wife, Meghan Markle. This revelation comes from royal historian and biographer Hugo Vickers, who shared his insights during a conversation with The Sun.

Prince Harry Plans Solo Return to Royal Fold, Leaving Meghan Behind, Royal Expert Predicts

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Southwest Airlines has adopted a shareholder rights plan, commonly known as a "poison pill," in response to activist hedge fund Elliott Management's investment and its push to remove CEO Bob Jordan and Chairman Gary Kelly. The move underscores Southwest's determination to fend off the aggressive maneuvers of one of the world's most successful activist investors.

Southwest Airlines Adopts Poison Pill to Thwart Elliott Management's Activist Push

Princess Anne, King Charles' sister, suffers head injury from horse accident but is expected to recover fully.

Princess Anne Is Rumored To Have Brain Damage After An Accident, But King Charles' Sister Is Expected To 'Bounce Back'

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Phil Norman

In the ever-turbulent fast food industry, another big name has encountered financial turbulence. Miracle Restaurant Group, an Arby's franchisee known for its "we have the meats" slogan, has filed for Chapter 11 bankruptcy. This isn't just a minor hiccup; it's a significant setback for a company that's been a staple in the fast food scene across several states including Illinois, Indiana, Texas, Mississippi, and Louisiana.

A major fast food chain operator has filed for Chapter 11 bankruptcy

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

As Ukrainian air defenses repelled a pre-dawn Russian attack on the small western city of Starokostiantyniv, explosions illuminated the sky, underscoring the escalating challenges Kyiv faces.

Russian Strikes Target Ukrainian Air Bases Amid Anticipation of F-16 Deliveries

Amid population declines and economic stagnation in many parts of the American heartland, mayors across the United States are rallying behind a new initiative to attract high-skilled immigrants to their communities. The U.S. Conference of Mayors, a nonpartisan organization representing officials from over 1,400 cities, has endorsed the "Heartland Visa," a proposal aimed at rejuvenating areas facing demographic and economic challenges.

U.S. Mayors Push for 'Heartland Visa' to Revitalize Stagnating Communities

In a dramatic escalation of the ongoing conflict between Hezbollah and Israel, the Lebanese militant group launched over 200 rockets at Israeli military bases on Thursday. This retaliation came in response to the killing of Mohammad Naameh Nasser, a senior Hezbollah commander, by Israeli forces.

Israel Strikes Back After Hezbollah Launches 200 Rockets in Response to Commander's Killing

Massachusetts State

Eastern equine encephalitis (EEE) virus has been detected in mosquitoes in Massachusetts for the first time in 2024, prompting health officials to raise the risk level in several communities. The Massachusetts Department of Public Health (DPH) confirmed that EEE was found in mosquito samples collected on June 30 in Carver, Plymouth County.

Massachusetts Reports First EEE Detection in Mosquitoes for 2024, Raises Public Health Alert

Gloucester County, NJ

Franklinville, NJ

Morristown Minute

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

Gold prices extended gains on Friday to their highest level in a month following key US jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September. Spot gold was up 1.1% at $2,380.91 per ounce as of 11:08 a.m. (1508...

Gold prices rise to one-month high after US jobs report

Thomas County, GA

Vanishing Georgia

According to Pebble Hill Plantation, “The original Piney Grove Church was organized as Piney Grove Missionary Baptist Church in 1885 as a “Bush Arbor” by black families who lived and worked on the plantation. The first wooden church structure was built by Mrs. Kate Hanna Ireland Harvey for the plantation’s staff and their families. Every […]

Piney Grove Church, 1936, Thomas County

Live cattle were higher ahead of the Thursday holiday, as contracts were up anywhere from a nickel in the deferreds to $1.20 in some of the fall months. Wednesday’s online Fed Cattle Exchange from Central Stockyards showed sales of 120 head @ $195 in IA using their BidTheGrid™ method. Cash action has been light so far this week, with not much action reported ahead of the holiday. Feeder cattle closed the Wednesday session with contracts up $1.50 to $2.27. The CME Feeder Cattle Index was back down $1.14 on July 2 at $256.44.

Cattle Traders Look to Close Out Week

NewsBreak

Oil Prices Set for Fourth Consecutive Weekly Gain Amid Robust Demand and Supply Concerns

U.S. crude oil prices remained steady on Friday, poised to secure a fourth...

Oil Prices Set for Fourth Consecutive Weekly Gain Amid Robust Demand and Supply Concerns

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