Pantone LLC, an X-Rite company, has announced PANTONE 15-3919 Serenity and PANTONE 13-1520 Rose Quartz, which it describes as “a harmonious pairing of inviting shades that embody a mindset of tranquility and inner peace,” as the PANTONE Color of the Year selection for 2016. Pantone explains that as consumers seek mindfulness and well-being as an antidote to the stress of modern day lives, welcoming colors that psychologically fulfill the yearning for reassurance and security are becoming more prominent. Weightless and airy, like the expanse of the blue sky above us, Serenity comforts with a calming effect, bringing feelings of respite and relaxation even in turbulent times. Rose Quartz is a persuasive yet gentle tone that conveys compassion and a sense of composure.
Oil reversed earlier gains after Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month.
Futures fell 0.6 percent in New York after losing 9.2 percent the previous six sessions. The kingdom, which had curbed supplies more than it needed in January to lead the way in an accord to re-balance world markets, told OPEC it boosted production by 263,300 barrels a day last month, a figure that jarred with the group’s own estimate that Saudi production fell further.
West Texas Intermediate for April delivery was at $48.13 a barrel on the New York Mercantile Exchange, down 27 cents, at 12 p.m. in London. Total volume traded was about 18 percent below the 100-day average. The contract fell 9 cents to $48.40 on Monday, the lowest close since Nov. 29.
Brent for May settlement was 23 cents lower at $51.12 a barrel on the London-based ICE Futures Europe exchange. The global benchmark traded at a premium of $2.47 to May WTI.
At 10.011 million barrels a day, Saudi output is still below the ceiling of 10.058 million a day imposed by the agreement, according to the OPEC report. Production data that the group derives from external sources, such as news agencies, showed Saudi output falling by 68,100 barrels a day to 9.797 million a day. The group as a whole got closer to full implementation of the cutbacks, with output falling in February by 139,500 barrels a day to 31.958 million a day.
more at: https://www.bloomberg.com/politics/articles/2017-03-13/oil-holds-below-49-as-u-s-stockpile-rise-dampens-opec-cuts