Home / Business / Oil reaches its highest level in seven weeks after Iran attempts to block a British oil

Oil reaches its highest level in seven weeks after Iran attempts to block a British oil



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thursday, July 11, 2019"data-reactid =" 15 ">Thursday, July 11, 2019

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WHAT TO LOOK

Federal Reserve Chairman Jerome Powell takes the spotlight for a second day, and Delta Air Lines will release quarterly financial results for a busy day.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The second day of Powell's testimony in Congress follows & nbsp ;a testimony of more than three hours in front of the House on Wednesday. In his prepared remarks, Powell noted that there were "uncertainties" around the trade war and the global economy. His comments ensured almost a rate cut at the Fed's policy-making meeting at the end of the month andenlightened the markets. The S & P 500 briefly crossed the 3,000 level on Wednesday. Investors will pay special attention to the second day to better understand and better understand Powell's and the central bank's monetary policy plans. "Data-reactid =" 19 "> The second day of Powell's testimony to Congress follows a testimony of more than three hours In his prepared remarks, Mr. Powell pointed out that there were" uncertainties "around the trade war and the global economy, ensuring a rate cut at the Fed's policy-making meeting at the end of the month, the S & P 500 index briefly crossed the 3,000 mark on Wednesday. Investors will pay close attention to the second day of the day to better understand and better understand Powell's and the central bank's monetary policy plans.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Delta Air Lines (DAL) revenues before the opening bell will be another focal point for market watchers. Analysts surveyed by Bloomberg expect the airline to announce adjusted earnings of 2.28 cents per share for a $ 12.49 billion business figure. Yahoo Finance will be speaking to Delta CEO Ed Bastian, whose coverage will start at 9 am ET. "Data-reactid =" 20 "> Delta Air Lines' (DAL) earnings ahead of opening bell will be another focus for market watchers Analysts surveyed by Bloomberg expect the airline to announce Adjusted earnings of 2.28 cents per share for $ 12.49 billion in revenue Yahoo Finance will be speaking to Delta General Manager Ed Bastian, whose coverage starts at 9:00 am ET.

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TOP NEWS

The British ship HMS Montrose escorts another ship during a mission to remove chemical weapons from Syria off the Cypriot coast in February 2014 (UK Ministry of Defense via AP)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Oil reaches its highest level in seven weeks after Iran attempts to block a British oil: Oil prices on Thursday fluctuated to their highest level in seven weeks, with a potential hurricane in the Gulf of Mexico and an Iranian attempt to prevent a British oil tanker from worrying that supply would be interrupted. The Royal Navy announced Thursday that it had intercepted an Iranian bid to prevent a British tanker from leaving the Persian Gulf. Oil futures (CL = F) rose 0.41% to over $ 60 a barrel, remaining at levels not seen since May. [Yahoo Finance UK]"data-reactid =" 34 ">Oil reaches its highest level in seven weeks after Iran attempts to block a British oil: Oil prices on Thursday fluctuated to their highest level in seven weeks, with a potential hurricane in the Gulf of Mexico and an Iranian attempt to prevent a British oil tanker from worrying that supply would be interrupted. The Royal Navy announced Thursday that it had intercepted an Iranian bid to prevent a British tanker from leaving the Persian Gulf. Oil futures (CL = F) rose 0.41% to over $ 60 a barrel, remaining at levels not seen since May. [Yahoo Finance UK]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "PG & E judge requests WSJ report response on defective lines: PG & E Corp. (PCG) was sentenced by a federal probation judge to respond to a Wall Street Journal article stating that the electricity company knew that its power lines could cause fires and could not carry out modernization work. [Bloomberg]"data-reactid =" 35 ">PG & E judge requests WSJ report response on defective lines: PG & E Corp. (PCG) was sentenced by a federal probation judge to respond to a Wall Street Journal article, saying the utility knew its power lines could cause fires and not carry out retrofits. [Bloomberg]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Deutsche Bank faces US survey on 1MDB: The US Department of Justice is investigating Deutsche Bank AG as part of a wider investigation into the 1MDB investment fund in Malaysia, which is the subject of the scandal, according to a person familiar with the matter. [Bloomberg]"data-reactid =" 36 ">Deutsche Bank faces US survey on 1MDB: The US Department of Justice is investigating Deutsche Bank AG as part of a wider investigation into the 1MDB investment fund in Malaysia, which is the subject of the scandal, according to a person familiar with the matter. [Bloomberg]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bitcoin extends losses after Fed chief calls for suspension of Facebook Scale: Bitcoin (BTC-USD) plunged nearly 8% Thursday, prolonging the losses the day after the next day & nbsp;Federal Reserve Chairman Jerome Powell called for the Facebook Libra stoppage& nbsp; cryptocurrency project until concerns ranging from privacy protection to money laundering are addressed. [Reuters]"data-reactid =" 37 ">Bitcoin extends losses after Fed chief calls for suspension of Facebook Scale: Bitcoin (BTC-USD) fell nearly 8% on Thursday, prolonging its losses the day after US Federal Reserve Chairman Jerome Powell's call for a halt to Facebook's Libra cryptocurrency project that concerns ranging from privacy protection to money laundering are addressed. [Reuters]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Powell withdrew if Trump asked: Federal Reserve Chairman Jerome Powell reiterated on Wednesday that he would serve his four-year term, despite repeated criticism from President Donald Trump, his replacement. During his testimony at Capitol Hill, Fed representative Maxine Waters (D-CA) asked the Fed chief whether he took into account Trump's theoretical call to withdraw. The president has been Powell's most severe critic and, in recent days, has hinted that he had the power to demote him or dismiss him. [Yahoo Finance]"data-reactid =" 38 ">Powell withdrew if Trump asked: Federal Reserve Chairman Jerome Powell reiterated on Wednesday that he would serve his four-year term, despite repeated criticism from President Donald Trump, his replacement. During his testimony at Capitol Hill, Fed representative Maxine Waters (D-CA) asked the Fed chief whether he took into account Trump's theoretical call to withdraw. The president has been Powell's most severe critic and, in recent days, has hinted that he had the power to demote him or dismiss him. [Yahoo Finance]

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