Posts

Glass seed beads

Image
PandaHall: 48% off on $0.83 Brown Spray Painted Glass Seed Beads

Till 5 May / Acrylic beads

Image
PandaHall: 54% off on $5.10 Painted Drawbench Column Colorful Acrylic Beads

Gift for Father and baby

Image
Gift for Father & Baby, Happy Father's and Children's Day !

Fascinators for ladies day

Image
Up to 54% off on Smart Small Beads.

54% off

Image
Up to 54% off on Smart Small Beads.

Oil at $65 Seen Freeing 500,000 Barrels From Shale Fracklog

Oil needs to recover to $65 a barrel for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya. Dipping into this “fracklog” would add an extra 500,000 barrels a day of oil into the market by the end of next year, Bloomberg Intelligence said in an analysis on Thursday. Producers in oil and gas fields from Texas to Pennsylvania have 4,731 idled wells at their disposal. Prices are rebounding from a six-year low after drillers idled half the nation’s oil rigs, slowing the shale boom that boosted production to the highest in four decades. The number of wells waiting to be hydraulically fractured, known as the fracklog, has ballooned as companies wait for costs to drop. That could slow the recovery as firms quickly finish wells at the first sign of higher prices. U.S. oil futures tumbled by more than $50 a barrel in the second half of last year amid a worldwide glut of crude. West Texas Intermediate for June deliv

Dollar Falls Third Week as Jobs Data Clouds U.S. Rate Outlook

The Fed is weighing data for signs the U.S. economy can weather higher borrowing costs as global growth stalls. American companies added 126,000 jobs in March, almost half the 245,000 median estimate of 98 analysts surveyed by Bloomberg News. The increase was lower than the most pessimistic forecast and followed a 264,000 gain a month earlier that was smaller than initially reported, the Labor Department said. “It’s pretty shocking,” said John Vail, the chief global strategist at Nikko Asset Management Co., which oversees $160 billion globally. “This report obviously does push out expectations for a Fed hike to some degree, although we all know that the data can change very rapidly.” The rate for fed funds futures for December fell four basis points to 0.34 percent, indicating about one-in-three odds of a rate increase by the Fed’s meeting that month. Policy makers will  still increase  rates in August or September, according to Bill Gross, who runs the $1.5 billion Janus Glo