Oil has rebounded after falling to the lowest in more than 12 years amid signs that a global glut will ease as U.S. output declines. Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, said it will agree to a freeze only if it’s joined by other suppliers including Iran, while Kuwait said a deal can be done without Tehran’s support. West Texas Intermediate for May delivery fell as much as 47 cents to $39.25 a barrel on the New York Mercantile Exchange and was at $39.57 as of 10:52 a.m. London time, erasing an earlier gain of 1.9 percent. Brent for June settlement lost as much as 53 cents, or 1.3 percent, to $41.41 a barrel on the London-based ICE Futures Europe exchange. Prices increased 8.5 percent last week. The global benchmark crude was at a 98-cent premium to WTI for June.
National Average Price for Regular – Current: $2.904; Month Ago: $2.879; Year Ago: $2.318.
National Average Price for Diesel – Current: $3.191; Month Ago: $3.140; Year Ago: $2.485.
In our 56th anniversary year, GDUSA we have already published our 2019 Students To Watch roundup and now we compile the annual list of our favorite institutions which prepare students to work in professional graphic design. The selection is based on a mix of objective and subjective factors, including our own decades-long relationships with designers, students, educators, recruiters.
WTI for May delivery rose as much as 44 cents to $48.48 a barrel on the New York Mercantile Exchange and was at $48.43 as of 9:56 a.m. London time. Total volume traded was about 40 percent below the 100-day average. The contract dropped 20 cents to $48.04 on Wednesday. Brent for May settlement gained as much as 46 cents, or 0.9 percent, to $51.10 a barrel on the London-based ICE Futures Europe exchange. Prices on Wednesday traded below $50 for the first time since Nov. 30. The global benchmark was at a $2.61 premium to WTI on Thursday. U.S. gasoline inventories fell by 2.8 million barrels to 243.5 million barrels, data from the Energy Information Administration showed. Stockpiles of distillate fuel, a category that includes diesel and heating oil, declined to 155.4 million barrels. Crude supplies climbed by 4.95 million to 533.1 million barrels last week. click Read More below for additional detail