RefBan

Referral Banners

Yashi

Monday, December 8, 2014

Archaeologists Exhume Thousands of Nazi Victims (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


Archaeologists Exhume Thousands of Nazi Victims

Archaeologists Exhume Thousands of Nazi Victims

(Newser) - Over the course of six weeks, archaeologists have exhumed the remains of an estimated 3,000 men from eight mass graves in southeastern Poland—bones belonging to nearly-impossible-to-identify soldiers who were victims of the Nazis. The Soviet and Italian troops were interned in a German stalag near the city of... More  »

 
Was Man Eaten Alive by Anaconda? Not Exactly

Was Man Eaten Alive by Anaconda? Not Exactly

(Newser) - Eaten Alive, the Discovery Channel special that was supposed to feature Paul Rosolie being swallowed whole , then regurgitated, by an anaconda, aired last night ... but Rosolie's encounter with the giant snake didn't exactly go down as planned. According to the Hollywood Reporter , Rosolie spent most of the two-hour... More  »

 
After Killing Stepdaughter, Man Filmed Sex With Body: DA

After Killing Stepdaughter, Man Filmed Sex With Body: DA

(Newser) - A man who is charged in his stepdaughter's murder filmed himself having sex with her dead body, prosecutors say. That has led a Pennsylvania district attorney to what he believes was the motive in Jessica Padgett's death: He says that Gregory Graf killed Padgett so that he could... More  »

 
Brit Walks in Honeymoon Murder of His Wife

Brit Walks in Honeymoon Murder of His Wife

(Newser) - A British man accused of killing his wife while they were on their honeymoon in Cape Town was acquitted of murder today after a South African judge concluded that the prosecution's case didn't have sufficient evidence. Shrien Dewani promptly descended stairs leading out of the courtroom following the... More  »

 
Leo DiCaprio Leaves Nightclub With 20 Ladies

Leo DiCaprio Leaves Nightclub With 20 Ladies

(Newser) - Leonardo DiCaprio apparently knows how to party. Witnesses tell the New York Daily News they spotted DiCaprio at an Art Basel party in a South Beach nightclub early yesterday, and the actor (who apparently split with model Toni Garrn recently) left with not just one woman, but every woman that... More  »

 
Highest-Paid Private College Prez Made $7.1M

Highest-Paid Private College Prez Made $7.1M

(Newser) - Being president of Rensselaer Polytechnic Institute paid more than 15 times as much as being president of the United States in 2012, according to the Chronicle of Higher Education 's latest pay survey. Shirley Ann Jackson's total compensation added up to $7,143,312 for the year, millions... More  »

 

Become a fan of Newser on FacebookFollow Newser on TwitterStumble Newser on StumbleUpon

Unsubscribe or change your alert settings.

Newser, LLC
1395 Brickell Avenue
Suite 800
Miami, Florida 33131

Suggestions and feedback are welcome at feedback@newser.com

OIL HITS FIVE-YEAR LOW: Here's What You Need To Know

MANAGE SUBSCRIPTIONS  |  UNSUBSCRIBE  |  VIEW ONLINE

December 08, 2014

Advertisement

Stocks fell on Monday as the price of both Brent and WTI crude oil tumbled to five-year lows to start the week. 

First, the scoreboard:

  • Dow: 17,852.5, -106.3, (-0.6%)
  • S&P 500: 2,060.3, -15, (-0.7%)
  • Nasdaq: 4,740.7, -40, (-0.8%)

And now, the top stories on Monday:

1. Crude oil hit five-year lows on Monday. The price of Brent crude oil fell to $66.22 while WTI futures fell to $63.05 as crude resumed the plunge that really began in earnest on Thanksgiving day after OPEC declined to curb production. Meanwhile, the average price of a gallon of gas i the US fell to $2.67 on Monday morning, according to AAA, down from $3.27 a year ago. 

2. Oil prices continue to make new lows, but the price of oil has been depressed now for months since peaking in June, and shale projects around the world are starting to feel the pinch. As Business Insider's Shane Ferro reports, international shale projects in Argentina, China, Mexico, and Russia haven't gotten off the ground as these projects are more capital intensive, and the current state of the oil market doesn't make pursuing these projects economically viable. 

3. And while fracking projects are facing financing pressure, oil giants ConocoPhillips and BP have also moved to cut expenses amid the drop in oil prices. ConocoPhillips announced on Monday that its projected capital expenditures budget for 2015 is down 20% from 2014, while reports over the weekend said BP would move to cut staffing levels across all of the company's layers above operations. On Monday, shares of ConocoPhillips lost more than 4% while BP shares were down more than 2.5%. 

4. As the decline in oil put the major stock indexes under pressure, "safe haven" assets like gold and Treasury bonds rallied on Monday. The price of gold spike violently during afternoon trade, quickly gaining more than $10 an ounce to move back above $1200. Treasury yields, meanwhile, fell on Monday with the 10-year falling back below 2.25%, an almost 10 basis point decline from its highs following Friday's big jobs number. 

5. McDonald's reported global same-store sales that fell 2.2% in November, worse than expectations for a 1.7% decline. But the really bad news for the fast food giant came from the US, where sales fell 4.6% in November, as it has been more than a year since same-store-sales in the US were positive for McDonald's. Shares of McDonald's lost 3.8% on Monday. 

6. In an afternoon email, NYSE floor governor Rich Barry gave an overview of how traders in the floor were feeling about the action in the stock market and some of the commentary floor traders are looking at. Barry wrote: "For the record, we feel that both Brent and WTI are very close to a 'capitulation-move' to extreme lows ... Be that as it may; this morning we received an extremely Bullish note from one of the top technical analysts on the Street who loves the market in 2015. His words: 'We currently have a large number of stocks breaking above past tops to new all-time highs. All-time highs leave just two types of sellers, shorts and profit takers, meaning stocks can accelerate to the upside. These breakouts, and neutral bullish trends are not necessarily at buy junctures, however both patterns can drive the equity markets higher quickly. Add to this the number of bullish names versus bearish names, and the odds favor we trade to the upside.' We like the way this guy thinks, which is why we shared his views with you."

Don't Miss: The Most Bullish Chart You'll See Has A Big Stock Market Crash In The Middle Of It »

Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

150 Fifth Avenue, 8th Floor New York, NY 10011
Sailthru

Get Rid Of That Knot In Your Pocket With These Tangle-Free Earbuds [52% Off]

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Business Insider Select
 
December 08, 2014
Get Rid Of That Knot In Your Pocket With These Tangle-Free Earbuds [52% Off] Get Rid Of That Knot In Your Pocket With These Tangle-Free Earbuds [52% Off]

There may be a scientific explanation for why your headphones are...
Read»
Share this story: Facebook Share Email Share
Here's Why It's So Hard To Overcome Growing Up Poor
Here's Why It's So Hard To Overcome Growing Up Poor
Everyone loves a great rags-to-riches story — but there is also a...  Read»
Share this story: Facebook Share Twitter Share Email Share
4 Reasons Working From Home Isn't All It's Cracked Up To Be
4 Reasons Working From Home Isn't All It's Cracked Up To Be
For many office workers, telecommuting is a dream opportunity, one they...  Read»
Share this story: Facebook Share Twitter Share Email Share
People Have Started Hoarding Bourbon
People Have Started Hoarding Bourbon
As the great bourbon shortage heats up, some collectors are turning to...  Read»
Share this story: Facebook Share Twitter Share Email Share
THE FUTURE OF SOCIAL-MEDIA ADVERTISING: Programmatic, Mobile, And Improved Analytics Fuel Aggressive Spending
Social is growing faster than many older digital ad mediums.   Read»
A Controversial Law Is Threatening The Future Of Coastal North Carolina Communities
Coastal North Carolina communities have gotten a raw deal from their...  Read»
Americans Are Equally Concerned About Their Waistlines And Wallets
It's that time of year when everyone pledges to get in shape, eat...  Read»
Advertisement
Steve Jobs Predicted The Future Of E-Commerce Back In 1996 And Got It Exactly Right
Steve Jobs Predicted The Future Of E-Commerce Back In 1996 And Got It Exactly Right
Who knew?   Read»
Share this story: Facebook Share Twitter Share Email Share
A 75-Year Harvard Study Found Out What It Takes To Live A Happy Life
A 75-Year Harvard Study Found Out What It Takes To Live A Happy Life
In June 2009, The Atlantic published a cover story on the Grant Study...  Read»
Share this story: Facebook Share Twitter Share Email Share
Here's How Much Carbon The US–China Climate Deal Will Actually Save
Here's How Much Carbon The US–China Climate Deal Will Actually Save
Last month the leaders of the United States and China agreed on a deal...  Read»
Share this story: Facebook Share Twitter Share Email Share
Sheryl Sandberg And Adam Grant Reveal The Real Solution To Ending Gender Discrimination At Work
Sheryl Sandberg And Adam Grant Reveal The Real Solution To Ending Gender Discrimination At Work
With her 2013 book "Lean In: Women, Work, and the Will to Lead,"...  Read»
Share this story: Facebook Share Twitter Share Email Share


See Also
An Ex-Convict Explains How Successful Drug Dealing Networks Work In Prison
An Ex-Convict Explains How Successful Drug Dealing Networks Work In Prison
At every single correctional facility in the US, a drug network...
  Read»  
These Tricky Myths About Student Loans Are Costing You Money
These Tricky Myths About Student Loans Are Costing You Money
There's nothing that can kill the heady rush of finally earning your...
  Read»  
How To Make The Perfect Old-Fashioned
How To Make The Perfect Old-Fashioned
It's one of life's great myths that Friday evenings are about pomp...
  Read»  
Iran Is Officially A Real Player In The Global Cyber War
Iran Is Officially A Real Player In The Global Cyber War
Iran has been steadily developing its cyber warfare capabilities for a...
  Read»  


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

Yashi

Chitika