Futures dropped as much as 2.8 percent even after U.S. data on Thursday showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected. Investors remain doubtful that OPEC-led production cuts will clear a global glut, after Russia ruled out deepening the measures and Saudi Arabia showed less commitment than earlier in the year. “Oil remains volatile, unable to hold onto gains even after strong inventory draws in the U.S.,” said Jan Edelmann, an analyst at HSH Nordbank AG in Hamburg. “While the strong draws are a step in the right direction, multiple weeks of the same are now needed for the rebalancing.” Click Read More below for additional detail.

All TNT depots, hubs and facilities around the globe are open, operational and working to quickly clear any backlogs, and most TNT services are now available. TNT continues to make significant progress in resuming full services and bringing critical systems back online. These remediation efforts are being carried out methodically to ensure the integrity of TNT’s information systems and operations. Contingency plans that make use of both FedEx Express and TNT networks will remain in place to minimize impacts to customers, including offering the full range of FedEx Express services as alternatives. Some customers may continue to experience delays in service and access to package information. Click Read More below for additional detail.

Futures climbed as much as 1.7 percent in New York, paring Wednesday’s 4.1 percent loss. Crude and gasoline inventories both dropped by more than by 5.5 million barrels last week, the American Petroleum Institute was said to report. Government data Thursday is also forecast to show supplies fell. Oil remains in a bear market amid concerns that rising supply from Libya to the U.S. will counter production cuts from the Organization of Petroleum Exporting Countries and its partners including Russia. American crude stockpiles are more than 100 million barrels above the five-year average. Click Read More below for additional detail.

Continuing the pioneering trend; first to market with new technology and breakthrough sheetfed ink formulations, Flint Group today announces the global launch of its latest version UV LED process inks, XCURA EVO. ““EVO” is short for evolutionary,” explains Trevor Amps, Global Product Management Director for Energy Curing inks. “This signals a step change from our world renowned XCURA formulations which, for the past four years, have served our customers very well as an industry leader. XCURA EVO is our next generation offer to the UV LED and low energy sheetfed market, and we are very pleased to announce its global launch today.” “More and more sheetfed press manufacturers are heading their technology development with LED and low energy curing, and we see growing numbers of retro-fit conversions from lamp providers and OEMs as well,” stated Mr Amps. “Some of the main drivers encouraging commercial printers to switch to UV LED are improved efficiency, reduced energy costs and the ability to break into new markets. XCURA EVO helps to maximise all of these with its excellent flow characteristic, superb transfer and high gloss.” Click Read More below for additional detail.

Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to government officials. The U.S. dollar gained, reducing the appeal of commodities denominated in that currency. While prices have surged during the past week, oil remains in a bear market after concerns that rising global supply will offset output cuts from the Organization of Petroleum Exporting Countries and its partners. Libya and Nigeria, exempt from the OPEC-led curbs, accounted for half of the group’s production boost last month, according to data compiled by Bloomberg. Click Read More below for more of the story.

Futures were little changed in New York after rising 8.3 percent the previous seven sessions. U.S. drillers targeting crude reduced the number of active rigs for the first time in 24 weeks, according to Baker Hughes Inc. data on Friday. Libya’s oil production climbed to more than 1 million barrels a day for the first time in four years, according to a person with direct knowledge of the situation. While prices surged last week, oil in New York and London still posted a monthly loss in June after tumbling into a bear market on concerns that rising global supply will counter cuts from the Organization of Petroleum Exporting Countries and its partners. There are signs of a slowdown in the U.S., but Libya is adding more oil to the market as it restarts fields that are exempt from OPEC’s production curbs. Click Read More below for more of the story.