Annie68: There sure is a lot of flip-fLapping going on over there!!
Sooneriam: Hold On Tight. This RV ride is not over yet.
Carlosisan: How close?
Yada: so close your standing in it! It would be like showing up to watch a game. Your there but the game hasn’t started yet.
PamD: I’m sure hoping all of this anticipation will be a distant memory once I’ve walked out of my exchange
Tishwash: Oil prices rise and Brent above $66
Oil prices rose Thursday to their highest levels in more than 13 months, supported by monetary easing policies and lower U.S. crude production.
Brent crude futures rose 10 cents, or 0.10 percent, to $66.28 a barrel by 0520 GMT, while West Texas Intermediate for April delivery was $63.28 a barrel, up 6 cents, 0.09 percent.
Both contracts hit their highest level since January 2020 earlier in the session, with Brent at $67.44 and WTI at $63.67.
The US Federal Reserve’s assertion that interest rates will remain low for a while has boosted investor appetite for risk and global financial markets.
A rare winter storm in Texas caused U.S. crude production to drop by more than 10% or 1 million barrels per day last week, the Energy Information Administration said.
The Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, the group known as OPEC+, are scheduled to meet on March 4.
OPEC sources said that the group will discuss a slight easing of oil supply restrictions from April due to the recovery in prices, although some are suggesting stability at the moment given the risk of new setbacks in the fight against the epidemic.
Additional voluntary cuts by Saudi Arabia in February and March led to a shortage of global supplies and price support. link