Jun 22, 2018

Oil market prices rise 1% ahead of OPEC decision

Michael Sykes

Oil market prices rose 1% on Friday after news came out that there seemed to be disagreement between OPEC leaders in Vienna on how whether output should be raised to compensate for tightness in the market, per Reuters.

The big picture: A decision hasn't been formally announced yet, but market analysts expect OPEC to announce 500,000 to 600,000 barrel per day production increase to keep the market moving without overloading the market.

The state of play: Benchmark Brent Crude prices went up 1.54% to $73.92 as of 7:30am ET Friday. WTI Crude jumped 1.24% at the same time.

The backdrop: Saudi Energy Minister Khalid Al-Falih pushed for a 1 million barrel per day hike on Thursday during a monitoring committee meeting. Iran's oil minister Bijan Zanganeh stormed out but eventually returned to the negotiating table, per Bloomberg.

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Axios

Coronavirus kills 2 Diamond Princess passengers as South Korean cases surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

Go deeperArrowUpdated 53 mins ago - Health
Rebecca Falconer

Massive MGM data breach: Guests' personal details posted on hacking site

The MGM Grand hotel in Las Vegas. Photo: Smith Collection/Gado/Getty Images

An MGM Resorts security breach last summer resulted in the personal details of 10.6 million guests published on a hacking forum this week, ZDNet first reported Wednesday.

Why it matters: Federal government employees and high-profile guests were affected by the breach, according to analysis by data breach monitoring service Under the Bridge and ZDNet — including officials from the FBI, Department of Homeland Security and the Transportation Security Administration, Twitter CEO Jack Dorsey, Microsoft staffers and singer Justin Bieber.

Go deeperArrow1 hour ago - Technology
Rebecca Falconer

George Zimmerman sues Buttigieg and Warren for $265M

George Zimmerman in Sanford, Florida, in November 2013. Photo: Joe Burbank-Pool/Getty Images

George Zimmerman filed a lawsuit in Polk County, Fla., seeking $265 million in damages from Democratic presidential candidates Pete Buttigieg and Elizabeth Warren, accusing them of defaming him to "garner votes in the black community."

Context: Neither the Massachusetts senator nor the former Southbend mayor tweeted his name in the Feb. 5 posts on what would've been the 25th birthday of Trayvon Martin, the unarmed black teen Zimmerman fatally shot in 2012. But Zimmerman alleges they "acted with actual malice" to defame him.

Go deeperArrow3 hours ago - Politics & Policy