+1 (216) 269 3272 Pierre@profilenewsohio.com
  • Recent traffic data suggests travelers are hitting the roads as restrictions ease

SINGAPORE: Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the US secretary of state said sanctions against Tehran were unlikely to be lifted.
Brent crude futures were up 37 cents, or 0.5 percent, at $72.59 a barrel at 0520 GMT and earlier rose to $72.83, the highest since May 20, 2019. Brent rose 1 percent on Tuesday.
US West Texas Intermediate (WTI) crude futures jumped 39 cents, or 0.5 percent, to $70.44 a barrel after rising to as high as $70.62, the most since Oct. 17, 2018. WTI prices climbed 1.2 percent on Tuesday.
“Improved demand outlook appears to be bolstering crude oil prices, as the successful vaccine rollouts and summer driving season in the United States and Europe continues to support fuel demand,” said Margaret Yang, a strategist at Singapore-based DailyFX.
Recent traffic data suggests travelers are hitting the roads as restrictions ease, ANZ Research analysts said in a note, pointing to TomTom data which showed traffic congestion in 15 European cities had hit its highest since the coronavirus pandemic began.
On Tuesday, the US Energy Information Administration forecast fuel consumption growth this year in the United States, the world’s biggest oil user, would be 1.49 million barrels per day (bpd), up from a previous forecast of 1.39 million bpd.
In another positive sign, industry data showed US crude oil inventories fell last week, in line with analysts’ expectations, according to a Reuters poll.
The American Petroleum Institute reported crude stocks fell by 2.1 million barrels in the week ended June 4, two market sources said, citing the data.
Price gains had been capped in recent weeks as oil investors had been assuming that sanctions against Iranian exports would be lifted and oil supply would increase this year as Iran’s talks with western powers on a nuclear deal progressed.
However US Secretary of State Antony Blinken said on Tuesday that even if Iran and the United States returned to compliance with a nuclear deal, hundreds of US sanctions on Tehran would remain in place.

حكاية عملة الملك فاروق “سيئة السمعة” وعمليات استخباراتية وملايين الدولارات

في تطور جديد يتعلق بعالم العملات النادرة، بيعت مؤخراً عملة ذهبية تم سكها في الولايات المتحدة عام 1933 في مزاد بما يقرب من عشرين مليون دولار، وهو أعلى سعر تم دفعه مقابل عملة معدنية على الإطلاق. ويطلق على هذه العملة اسم "النسر المزدوج" وبيعت في مزاد نظمته دار "سوثبيز"...

الصين لمجموعة السبع: الأيام التي تقرر فيها مجموعة صغيرة من الدول مصير العالم ولت

حذرت الصين قادة مجموعة السبع من أن الأيام التي تقرر فيها مجموعة صغيرة من الدول مصير العالم قد ولت منذ زمن بعيد. وقال متحدث باسم السفارة الصينية في لندن "لقد ولت الأيام التي كانت مجموعة صغيرة من الدول تملي فيها القرارات العالمية". وأضاف "نعتقد دائما أن الدول، كبيرة...

Amazon now says remote work OK 2 days a week

Employees at Amazon won’t have to work in offices full time after coronavirus restrictions are lifted. This follows backlash from some employees to what they interpreted as the expectation they would have to return to the office full time once states reopen. SEATTLE:...

Our Businesses

Businesses We Endorse //

12

Fakher Collisoin Shop

Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ulla

15

Arabic to English Translator

Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ulla

11

Baaklini Photography

Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ulla

Submit your event

We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com 

Address

P.O. Box: 311001 Independance, Ohio, 44131

Call Us

+1 (216) 269 3272

Email Us

Publish@profilenewsohio.com