Asian shares rebound as US, Iran stand down

People are reflected as they cross a street in front of a stock indicator showing share prices of Japanese companies in Tokyo on Jan 6 2020

Crude Oil Price Trims Recent Losses As Middle East Tensions Ease

Nationwide crude inventories increased by 1.16 million barrels last week despite expectations for a decline, and gasoline stockpiles hit a 10-month high, government data showed on January 8.

The attack killed a top Iranian general and prompted an Iranian rocket attack on Iraqi airbases hosting U.S. forces, sending crude to its highest in four months. Less than four months ago, half of Saudi Arabia's production capacity was temporarily disabled in a missile strike - which the US blames on Iran but the Islamic Republic refutes - a stark reminder of the vulnerability of facilities in the region that supplies about a third of the world's oil.

The U.S. Brent crude futures were dipped by 4.1 percent at 5 cents for $65.40 per barrel early hours on Wednesday while West Texas Intermediate (WTI) futures surged slightly up 1 cent to $59.63 per barrel after falling almost 5 percent previous trading sessions. The retaliatory strikes by Iranian forces targeted American military equipment, not its troops, according to a Far news agency report, citing the Islamic Revolutionary Guards' Aerospace Force Commander.

Packers Call for 700 Snow Shovelers to Clear Lambeau Before Playoff Game
A nasty winter storm could drop up to 10 inches of snow on Green Bay from Saturday afternoon through early Sunday morning. It is no longer "The Rodgers" Show' and a team that relies heavily on its quarterback, no matter how talented it is.


Crude inventories in the United States rose unexpectedly last week and gasoline inventories surged by their most in a week in four years, the Energy Information Administration said on Wednesday.

In a significant development, the U.S. House of Representatives on Thursday approved a resolution that would force President Trump to seek consent from Congress before taking new military action against Iran.

JP Morgan maintained its forecast for Brent to average $64.50 a barrel this year.

Who will win the ATP Cup: Spain or Serbia?
Djokovic leads their career meetings 28-26, but has been dominant on the surface. "This is not a singles competition". The Davis Cup champions played the group stage in Perth and had a transcontinental trip to Sydney for the playoffs.


Also an unexpected increase in the crude oil inventories in the US has resulted in a drop in oil prices.

"Top oil producers led by Saudi Arabia have agreed to reduce output by as much as 2.1 million barrels per day (bpd) through the first quarter of 2020". Brent crude futures moved up and down in early European trading after a 4.1% fall on Wednesday.

West Texas Intermediate crude for February delivery fell 10 cents to $59.46 a barrel on the New York Mercantile Exchange as of 7:13 a.m.in London.

'Pokémon Mystery Dungeon: Rescue Team' launching March 2020
We just came off a big release in Pokemon: Sword and Shield , so we're not really anticipating any big game announcements . It's been quite some time since we last heard from the Pokemon Mystery Dungeon series, but that's all about to change.


WTI was down 50 cents, or 0.82%, at $59.06 and also on track for a first weekly drop in six, almost 6% from last Friday's close based on the latest prices. Historically, Crude oil prices had reached an all-time high of 147.27 in July 2008.

Latest News