Oil Prices Spike Amid Reports Of Oil Supply Reeducations

Crude oil prices moved sharply higher during trading on Monday, with the price of crude oil for October delivery surging $3.95 to $97.01 a barrel.

The spike by the price of crude oil came amid indications OPEC and their allies plan to decrease production assuming a deal with Iran that lifts sanctions.

While the price of crude oil has come well off its recent highs, energy prices have been blamed in part for the decades-high inflation.

Oil producing nations seem intent on keeping the price of crude oil at currently elevated levels.

This Nonalcoholic Aperitivo Is More Bitter Than Sweet

The new offering from Wilderton, a nonalcoholic spirits company in Portland, Ore., is perfect for cocktail hour.

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By Florence Fabricant

Gold Finishes Lackluster Session Little Changed

The price of gold ended Monday’s trading little changed amid signs of uncertainty in the markets for the precious metal.

Gold for December delivery fluctuated before ending the session down $0.10 at $1,749.70 an ounce.

Traders seemed uncertain about how to response to recent indications that the Federal Reserve plans to continue aggressively raising interest rates and keep rates at a high level for an extended summer.

A lack of major U.S. economic data may also have kept traders on the sidelines ahead of the release of the closely watched monthly jobs report later this week.

The New York City Wine and Food Festival Celebrates 15 Years

The annual citywide event is back with a Champagne dim sum brunch and a lavish vegan dinner.

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By Florence Fabricant

‘The Patient’ Review: The Doctor Is In. In the Basement.

The team behind “The Americans” returns with a darkly comic tale starring Steve Carell as a psychotherapist in chains.

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By Mike Hale

'Middle school student shot in Oakland as cops arrest 12-year-old suspect'

A student was reportedly shot at a middle school in East Oakland, California, on Monday, and cops have taken a 12-year-old suspect into custody.

The shooting broke out at Madison Park Academy in the afternoon, according to KTVU.

The wounded student was transported to a local hospital.

Breaking story, check back for updates…

Opinion | Why Student Debt Relief Isn’t Elitist

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By Paul Krugman

Opinion Columnist

Broncos release punter Sam Martin ahead of Tuesday’s 53-man roster deadline

The Broncos began the process of trimming their roster from 80 to 53 players Monday by waiving five players and releasing veteran punter Sam Martin.

Waived were cornerback Bless Austin, inside linebacker Jeremiah Gemmel, offensive tackle Sebastian Gutierrez and running back JaQuan Hardy.

Gemmel and Hardy were signed after the Broncos opened training camp and Gutierrez was signed after going undrafted. Cornerback Donnie Lewis was waived/injured.

Martin’s release means Corliss Waitman is the only punter on the Broncos’ roster.

This story will be updated.

Opinion | The Book That Explains Our Cultural Stagnation

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By Michelle Goldberg

Opinion Columnist

Woodside HY Profit Climbs

Australia’s Woodside Energy Group Ltd. (WOPEF.PK,WOPEY.PK,WPL.AX), foremerly known as Woodside Petroleum Ltd., reported that its profit attributable to equity holders of the parent for the half-year ended 30 June 2022 climbed to US$1.64 billion or 144.0 US cents per share from the prior year’s US$317 million or 33.0 US cents per share, reflecting higher oil & gas prices and realised benefits of the merger with BHP’s petroleum business.

The merger of Woodside and BHP’s petroleum business completed on 1 June 2022 following Woodside shareholder approval on 19 May 2022. On completion, Woodside acquired the entire share capital of BHP Petroleum International Pty Ltd and issued 914,768,948 new Woodside shares to BHP. Woodside received net cash of about $1.1 billion.

Woodside Energy Group’s underlying net profit after tax for the half-year ended 30 June 2022 was US$1.82 billion, up 414% on the corresponding period in 2021.

Operating revenue for the period rose 132% year-on-year to US$5.81 billion, reflecting higher prices and production volume.

The company declared a 2022 interim dividend of 109 US cents per share.

For fiscal 2022, the company expects total production of 145 – 153 Mmboe.

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