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PostPosted: 10/05/2018, 10:28 pm    Post subject: Oil prices suffered Reply with quote

NEW YORK Clearance Mens Vans SK8 Hi Reissue Gray White , Feb. 19 (Xinhua) -- U.S. stocks closed mixed Friday after wavering in a tight range, as investors digested the country's consumer price data amid a plunge in oil prices.

The Dow Jones Industrial Average dipped 21.44 points, or 0.13 percent, to 16,391.99. The S&P 500 edged down 0.05 point, or less than 0.01 percent, to 1,917.78. The Nasdaq Composite Index rose 16.89 points Vans Nintendo Slip On Pure White Ireland , or 0.38 percent, to 4,504.43.

Oil prices suffered big losses Friday, with both the U.S. oil and Brent crude shedding over 3 percent, after government data showed a rise in U.S. crude stockpiles.

The West Texas Intermediate for March delivery moved down 1.13 U.S. dollars to settle at 29.64 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 1.27 dollars to close at 33.01 dollars a barrel on the London ICE Futures Exchange.

Oil prices witnessed wild swings recently amid talks of a coordinated plan by producers to freeze output levels.

The U.S. oil has tumbled more than 22 percent over oversupply concerns since the beginning of the year.

On the economic front, the consumer price index (CPI) for all urban consumers was unchanged in January on a seasonally adjusted basis, the U.S. Labor Department reported Friday.

The index for all items less food and energy increased 0.3 percent in January Vans Classic Slip On White Sale , which increased 2.2 percent over the past 12 months. This is its highest 12-month change since the period ending June 2012 and exceeds the 1.9 percent average annualized increase over the last 10 years.

"The year-over-year headline CPI reading is in skyrocket mode, jumping from 0.7 percent in December to 1.4 percent in January. This is what the Fed means when they say the effects of energy and the strong dollar are transitory," said Jay Morelock, an economist at FTN Financial, in a note.

Overseas, European equities decreased broadly Friday, with French benchmark index CAC 40 falling 0.39 percent, as a renewed decline in oil prices weighed on market sentiment.

In Asia Cheap Vans SK8 Hi Slim Zip Triple Black , Chinese benchmark Shanghai Composite Index dipped 0.1 percent to close at 2,860.02 points Friday, while Japanese 225-issue Nikkei Stock Average declined 1.42 percent on the yen's appreciation.

For the holiday-shorted week, all three major indices saw biggest weekly gains in 2016, with the Dow, the S&P 500 and the Nasdaq surging 2.6 percent, 2.8 percent and 3.8 percent, respectively.

The CBOE Volatility Index Vans Sk8 Hi Reissue Leather White Sale , often referred to as Wall Street's fear gauge, fell 5.13 percent to end at 20.53 Friday.

In other markets, the U.S. dollar decreased against most major peers on Friday as plunging oil prices raised market demand for safe-haven currencies including the Japanese yen and Swiss francs.

In late New York trading, the euro rose to 1.1132 dollars from 1.1092 dollars in the previous session, while the dollar bought 112.51 Japanese yen, lower than 113.57 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange rose Friday as the U.S. Dollar showed weakness.

The most active gold contract for April delivery added 4.5 dollars, or 0.37 percent, to settle at 1 Vans Sk8 Hi Lite Black White Online ,230.8 dollars per ounce.

By Eric J. Lyman

ROME, Feb. 8 (Xinhua) -- Italy's agriculture sector suffered another blow last week when police seized thousands of kilograms of green olives tainted by a toxic substance.

Reports on the size of the bust vary: media reports say the figure could be as high as 85,000 tons of olives, though Gianni Cantele, president of the Apulia chapter of agricultural industry group Coldiretti said the accurate figure is around 10,000 kg.

About 40 percent of Italy's olive production comes from the Apulia region in southern Italy, which produced at least some of the tainted fruit in the latest case.

Even if the lower figure is accurate, it is the latest public relations problem for a sector that in recent years has already weathered image problems tied to multiple cases of counterfeit or contaminated wine Vans Old Skool Grey White Sale , bogus olive oil, and unsafe mozzarella cheese.

High-end food products are among Italy's most important economic sector, one of the few parts of the economy that has proved resilient during Italy's long economic malaise.

Key observers say that while no single scandal could hurt such a large sector, over time, repeated scandals can have an impact on public opinion.

"This is a serious issue," Cantele said in an interview. "In addition to the direct economic impacts, something like this damages the image of Italian agriculture, which is something we cannot risk."

In the latest case Clearance Vans Old Skool Reptile Grey Black , hundreds of millions of year-old olives were treated with a chemical called copper sulphate. The treatment changes the color of the old olives to bright green, making them look fresh. The compound also helps mask the bitter taste prevalent in older olives.

At least 19 people have been arrested in the case, with more arrests possible, according to police.

According to Daniela Sciarra, the top agriculture sector analyst with the environmental group Legambiente, copper sulphate can damage human skin and eyes if there is direct exposure, and cause serious intestinal issues if digested in high quantities. When the substance leaks into bodies of water it can kill marine life, and in the soil it can kill small plants.

"It is a crime that copper sulphate was used in this way Clearance Vans Old Skool Zip Leather White Black ," Sciarra told Xinhua.

But according to Alberto Mattiacci, an economics professor at Rome's La Sapienza University and president of the Italian Marketing Society, law enforcement's seizure of the tainted olives should be looked at as a kind of victory.

"Italy's agricultural sector is enormous and these occasional problems show the system works," Mattiacci told Xinhua. "Of course, it's a serious problem that it happens at all. But the correct way to look at it is that when so
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