Prices settled above 51 a barrel. Thats an 11month high and nearly double the lows hit in februa thanks to one of the most powerful crude rallies in years. Experts stay a sustained price just above 50 a barrel takes some of the pressure off of producers yet its not enough to translate into sharply higher price at the gas pump for consumers. We look at where Oil Prices May go next and how long they may stay in this sweet spot. Reporter oil prices are the rise from february lows where crude got dangerly close to 26 a barrel. An interesting dynamic emerging. In a higher priced environment perhaps producers will pump more crude. Producers will feel more ease now. I think the profitability area is between the mid 50s and 60. I think then theyll start to think about getting back in the game. Reporter the Energy Administration reported prod for the first time in 15 weeks and last week it increased which surprised the market. When prices go up it pushes price back down. Its supply and demand.
At least eig people have been killed by a powerful. Fast moving storm system sweeping from the gulf coast into the northeast. As c b s news correspondent don champion shows us. The system set down a string of deadly tornadoes. Ststng windnd. And drenching rain. 3 pkg as the dangerous storm system moves up the east coast. State police in waverly, virginia combed through the rubble with flashlights overnight. Nats sot everythings destroyed. Unbelievable thu0006 after a tornado ripped through the tiny farming town. Nat sot looked at that, you see what happened Vincent Donald survived. Some of his neighbors did not. sot Vincent Donald resident i saw one of my friend, he said his brother died. the house disappeared so i said goddamn elsewhere in virginia. Dozens rubble. Several reported tornadoes also touched down pennsylvania and in the carolinas. This dairy farm was demolished in seconds sot sears day farm owner were thankful we lost no animals and no one was hurt so thats the main thing
Six people randomly shooting. Thee learning more about accused gunman who Officials Say is an uber driver. Police are looking to see if he was transporting customers before, between, or even during the shooting. Retired a 60yearold teacher is seeking answer and police are finding a silver lining. Very relieved we have someone in custody. , cityer overnight gripped with fear after man opened fire at three different locations across a 13 mile span in kalamazoo, michigan. Where at, a parking lot woman walking to her car was shot several times. The second, a few hours later at a car dealership a father and son killed. The third, outside a Cracker Barrel restaurant, the suspect taking the lives of nine and leaving a girl in critical condition. You dont expect Something Like this to happen, let alone here in kalamazoo. This is the most awful thing ever. Suspect is an uber driver and was taken into custody hours after the final shooting. In a statement, the company says our hearts and prayers
The stills and 70s we start off cloud of this one we have low clouds a little bit of drama from this cause in the bay bridge them surprised if you encounter a we come back and let you know what the 80s are indexed and the outlook. Rebecca 10 and is no law or hot spots chp has cleared and is getting to the Livermore Valley and to change westbound 580 ride is six and we did have the two right lanes blocked is unclear kravis chp and it has been moved over to the righthand shoulder. James take a look at the bridge came down as it looked for the top of the screen the bridge was under construction it was an overpass in eastern india would have video of the aftermath to police and the east bay are one people dont go to Community Parks and has been in this for armed robberies in the park and i over the last week. Jackie sissel this is just one of four parks the police saying that these themes have been targeting now as we said there but for tax that happened last week for different parts the i
Earlier two lanes were blocked. It looks like all lanes are almost reopened but delays into the tolls are heavy. Lower level or lincoln tunnel are alternate options for you and western spur of the turnpike, disabled truck northbound before 18w tolls in the right lane and delays building through this area. Well have more weather and traffic coming up on the 4s. New this morning, a man gunned down in brooklyn. The second shooting in a matter of hours in one neighborhood. Late last night someone killed man on Lincoln Place. Hours earlier another shooting wounded two teens. Today in nep yorks Katherine Creag is in crown hei ts. Ip reporter its one crime scene after another. Terribly shocking for the people who live in this area. They have seen Police Officers since yesterday afternoon. There are Police Officers here now. Were looking at the crime scene trucr there. Investigators here gathering evidence. This is where a young man, only 22 years old, was shot in the head. He did not rvive. I