Oil prices rose for a second day on Wednesday after data showed U.S. crude inventories fell more than expected, easing worries about oversupply that have dragged on markets in recent weeks. U.S. crude and fuel stockpiles fell more than expected last week, industry group the American Petroleum Institute (API) reported late on Tuesday. U.S. crude inventories fell 3.2 million barrels in the week to July 20 to 407.6 million barrels, the API said, compared with expectations for a decrease of 2.3 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 808,000 barrels. Gasoline stocks fell by 4.9 million barrels, compared with analyst expectations in a Reuters poll for a 713,000-barrel drop. Click Read More below for additional information.
National Average Price for Regular Unleaded – Current: $2.723; Month Ago: $2.911; Year Ago: $2.558. National Average Price for Diesel – Current: $3.260; Month Ago: $3.281; Year Ago: $2.811.
Oil prices rose by 2 percent on Monday, extending a rally from December’s 18-month lows with support from OPEC production cuts and steadying share markets. Oil has gained nearly 12 percent since last Monday, its biggest week-on-week rally in two years. The oil prices are drawing support from an agreed supply cut by the Organization of the Petroleum Exporting Countries, well as some non-member countries such as Russia and Oman. Click read more below for additional detail.
The “newest,” state-of-the art, cutting-edge medical therapy for memory loss is an ancient practice: writing things down by hand. Across the world, doctors and therapists are prescribing “journaling” — the trendy term for keeping a handwritten diary— as a way to build a better memory or rebuild a fading one. According to research published in 2013 in the neurology journal Cortex, the complex sensorimotor feedback that is involved in any form of handwriting puts multiple areas of the brain into simultaneous action, encouraging brain cells to communicate and connect with one another. Given this, it may not be coincidental that more and more states are introducing bills to require handwriting instruction. One such bill, in Alabama, has just passed into law. (NOTE: Although the Alabama law specifies cursive, the research shows that handwriting’s benefits are not limited to any one style. As the article on the bill points out, beliefs that favor cursive over the other forms of our handwriting are just that — beliefs. People who write by hand in styles other than cursive are full participants in the benefits of handwriting.)