“Official US crude inventory data assumes greater than usual importance,” said Jeffrey Halley, senior market analyst at OANDA. “A surprise increase could well be enough to initiate another downward leg in crude prices.”In Libya, the National Oil Company expects oil output to rise to more than a quarter of a million barrels per day (bpd) by next week, it said on Tuesday.The NOC said it was restarting exports from the Zueitinia oil terminal after checking the security situation at the port and fields that pipe crude there.An escalation in the country’s conflict led to a blockade of facilities, which is now easing, although analysts say they don’t expect Libya to reach the 1.2 million bpd of production it was pumping previously.This year, “world oil demand will be down by more than 10 percent on the year to around 90 million barrels per day (bpd) due to the COVID-19 crisis,” Eurasia Group said in a note.“This will mark the biggest demand shock in industry history,” it said.Topics : Oil prices fell on Wednesday after an industry group reported a surprise rise in United States crude, adding to worries about demand that led to a steep selloff earlier in the week.Brent crude was trading down 30 cents, or 0.7 percent, at US$41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while US crude dropped 34 cents, or 0.9 percent, to $39.46.Both contracts fell more than 4 percent on Monday, the most in two weeks. Surging cases of coronavirus infections in countries including France and Spain, along with the likelihood of more restrictions in Britain have renewed worries about fuel demand, just as more supply may come onto the market from Libya.In the United States, where the death toll from COVID-19 has passed 200,000, the world’s highest, crude oil inventories rose by 691,000 barrels in the week to Sept. 18, according to industry data, compared with analysts’ forecasts for a drop of 2.3 million barrels.Gasoline stocks fell by nearly 7.7 million barrels, nearly eight times expectations suggesting some demand for fuel in the world’s biggest oil consuming nation.Official data from the Energy Information Administration is due out later on Wednesday.
Garry Monk was perplexed by Swansea’s capitulation in the second half. “You never have it won by half-time, whatever game you play in,” he said. “The way we played first half was pretty much exactly how we wanted them to play. “They carried it out, we were getting crosses, we were causing problems, we were getting chances and probably could have taken a few more, so probably should have taken more from the first half. “You’ve got them on the ropes and if you don’t knock them out, you’re always open to them coming back into the match and that’s exactly what happened. (It was a) very good first half and very poor second half. “The way we come out second half was very sloppy, very poor. Our passing was poor, our touches invited West Brom onto us and then unfortunately the second goal in these sorts of games is always crucial. “They got the second one, which gave them the impetus going forward and unfortunately we conceded a second. I don’t think we deserved to lose the game, but we definitely didn’t deserve to win it after that second-half performance.” West Brom are now 16th, with the Swans one point and two places better off in 14th. Spaniard Mel, who took charge on January 9, said: “I am blessed. For the fans, for the players, we need to win and in football, confidence is all. “The players need to win and now it’s different, I hope.” Mel felt his midfield was over-run by Swansea in the first half, but thought the tactical changes he made shifted the momentum. Revealing what he spoke about at half-time, he added: “We talked about the problems, talked about the football, talked about the future face to face, and it’s only 45 minutes and we need to change. The football players at West Brom are intelligent. “The pressure is the same for all the countries – in Spain, in England, Germany it’s the same. “My work is dangerous. Head coach is a difficult job, but the most important in football is the player.” Swansea started with a bang as Belgian winger Roland Lamah put them in front after less than two minutes, beating Steven Reid on the by-line before curling the ball past England international Ben Foster. The Baggies took hold of the game in the second half and Congolese midfielder Youssouf Mulumbu’s side-footed effort from 20 yards nabbed the much-needed three points after Stephane Sessegnon levelled from outside the box on 53 minutes. Press Association Under-pressure manager Pepe Mel felt “blessed” to finally get a win under his belt as West Brom manager. The Baggies upset the odds at the Liberty Stadium to come from behind and earn a 2-1 win which saw them move three points clear of the Barclays Premier League relegation zone. It was their first away win since September 28, when they upset Manchester United at Old Trafford, and their first victory of any kind since beating Newcastle on New Year’s Day. read more
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Fox’s run on “CSI” nearly ended in 2004 when she and co-star George Eads were fired during contract negotiations. They were later hired back. “If I thought the show were on its last legs, I would have tried harder to stay the course,” said Fox. “But I feel like it’s going to be around for a while, so if I don’t want some of those dreams to pass me by, I have to get off the ride for a while.” Fox has been a cast member since “CSI” premiered in 2000. Jorja Fox is waving goodbye to “CSI: Crime Scene Investigation.” Fox, 39, tells EW.com she has quit the Las Vegas-based forensics drama, saying she wants to explore other opportunities. “There are all these things I want to do,” she said in a story posted Monday on the Web site. “Some are personal. Some are professional. And I really need to do some of them before I get too old.” She has wrapped up filming on the hit CBS series and will make her last appearance as Sara Sidle in an episode to air next month, the Web site says. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! read more