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Mrfo Schools shut, flights cancelled as Super Typhoon Meranti hits Taiwan
For the week, Brent is up 4.3% and WTI is up 5.6%. File photo Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world stanley us largest oil consumer, dimmed the prospects of fuel demand recovery.Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel as of 00.42 GMT, and U.S. West Texas Intermediate WTI crude futures fell 34 cents, or 0.8%, to $40.31 a barrel. Both benchmarks rose more than 2% on T stanley cup america hursday, buoyed by stronger-than-expected U.S. jobs data and a fall in U.S. crude inventories. For the week, Brent is up 4.3% and WTI is up 5.6%.Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices.Story continues belo stanley cups w this adNew U.S. COVID-19 cases rose by more than 50,000 on Thursday, setting a record for a third consecutive day, according to a Reuters tally.The market has become increasingly confident that easing restrictions on travel and business would boost demand for crude oil, but the pandemic progress threatens to derail this recovery, ANZ Research said in a note. The recovery in gasoline demand will plateau until the U.S. economy improves, it said.Gasoline demand will be closely watched as the United States heads into its July 4 holiday weekend as many Americans are expected to hit the road. U.S. gasoline stocks rose by 1.2 million barrels in the week to June 26, according to data from the Energy Information Adminis Gnov US general: As US scales back in Mideast, China may step in
There is a sense of urgency for Americans who are losing their jobs to lesser skilled workers who are coming in at lower wages on a visa programme that has gotten away from its original intent, he said.A bipar stanley usa tisan legislation seeking聽reform of the popular H-1B vi stanley cup website sa programme and modifyin stanley mexico g wage聽requirements has been introduced in the Senate with an aim to聽check abuse of the system, a move that could have聽implications for the Indian techies working in America.The bill has been introduced by Senators Chuck Grassley,聽Chairman of Senate Judiciary Committee, and Dick Durbin,聽Assistant Democratic Leader. It is co-sponsored by Senators聽Bill Nelson, Richard Blumenthal, and Sherrod Brown.The H-1B visa programme was never meant to replace聽qualified American workers, but it was instead intended as a聽means to fill gaps in highly specialised areas of employment聽that cannot be filled by Americans, Grassley said.[related-post]Story continues below this adThe abuse of the system is real, and media reports are聽validating what we have argued against for years, including聽the fact that Americans are training their replacements.There is a sense of urgency for Americans who are losing聽their jobs to lesser skilled workers who are coming in atlower wages on a visa programme that has gotten away from its聽original intent, he said.Reform of the H-1B visa programme must be a priority,聽Grassley stressed.The bill would prohibit companies from hiring