Package. Democratic Vice President ial candidate Kamala Harris makes her Campaign Debut it is because of trumps failure to take it seriously from the start his delusional belief that he knows better than the experts. News crossing this hour on the oil mark just releasing its report and diving into the headlines of this key document Global Oil Supply rose in july after saudi arabia ended its cut. Exceeding the opec plus target and production started to recover. The opec plus cuts ease by over 2 Million Barrels this month and shut in volume compensation. Oil demand as we segue off that is expected to be 91. 9 million per day and sheer 8. 1 million per day. Reducing their 2020 forecast by 140 what we are seeing in that down grade for several months global refinery will lag behind as product inventory levels were high stocks have risen by 16. 2 Million Barrels in june and increased an average rate of 1. 7 Million Barrels per day. Crude prices remain in the range 40. 77 average, for the wti
Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
Spain and italy edging towards easing their shutdowns of france could be about to go the other way. The economic fallout is hitting aid budgets the World Food Programs cutting rations for more than a 1000000 refugees in uganda also on the news or. In other news fighting intensifies in libya between the warlords after the internationally recognized government and in support professional baseball has made its 1st appearance of 2020 taiwanese hosting games behind closed doors with mannequins replacing real spectators. The russian president Vladimir Putin says the Coronavirus Crisis is worsening in russia and the Defense Ministry may have to be involved in containing it and made those remarks. After the country had its biggest daily increase yet in infections 2500 new cases the total number of infections has now gone beyond 18000 the government says 148 russians have died as cross live now to our London Bureau and correspondent covering all the european aspects of this need barkha soni for
A full lockdown and warns time is running out to contain the virus. Almost right for plucking a straight in farmers fear their fruits will rot they cant get enough workers. Into the sport as the premier league clubs announce they will not consult with their players about taking a 20 percent 30 percent a bigger part in pay cuts to help in the fight against the Global Health crisis. So that the United Nations says 70 countries thats more than a 3rd of the world have endorsed its call for a global cease fire as corona virus spreads at an alarming rates around the globe warring parties in libya in syria in yemen and 8 other conflict zones say theyre willing to lay down their arms the u. N. Chief warns a lot more needs to be done. There is a huge distance between declarations and deeds between translating words into peace on the ground and in the lives of people there are enormous difficulties to implementation a scornfully to fester for years distrust these deep with many spoilers and many
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa