Some of the most creative retailers in marketing were recognized by Experian Marketing Services in its inaugural #SuiteLife Awards. Among the recipients of the #SuiteLife Awards, a play on Experian’s suite of marketing solutions, were American Eagle Outfitters, Neiman Marcus, Bass Pro Shops, Finish Line and Foot Locker. The awards were presented at Experian’s recently held marketing summit attended by more than 1,000 people in Las Vegas. “The #SuiteLife Awards is a celebration of exceptional brand experiences that add value to the everyday lives of consumers; these are the brands that are making our digital experiences easier and more meaningful,” said Ashley Johnston, senior vice president of global marketing for Experian Marketing Services. “Data and technology are equipping marketers with the tools they need to create and sustain those customer-first experiences, and we couldn’t be happier to be the partner of choice for these remarkable brands.”
Futures increased 1.2 percent in New York after Saudi Arabian Energy Minister Khalid al-Falih said in Abu Dhabi the kingdom has reduced output to less than 10 million barrels a day, going beyond its obligations under a deal between OPEC and other producers. Prices climbed 2.8 percent on Wednesday as the Energy Information Administration said that U.S. refineries used 17.1 million barrels a day of crude last week, the most in weekly data compiled since 1989.
West Texas Intermediate for February delivery was at $52.85 a barrel on the New York Mercantile Exchange, up 60 cents, at 12:13 p.m. in London. Total volume traded was 5.5 percent above the 100-day average. The contract gained $1.43 to $52.25 on Wednesday, rising the most since Dec. 1.
Brent for March settlement was 74 cents higher at $55.84 a barrel on the London-based ICE Futures Europe exchange. The contract climbed $1.46, or 2.7 percent, to $55.10 on Wednesday. The global benchmark was at a premium of $2.18 to March WTI.
U.S. crude inventories expanded by 4.1 million barrels last week, the EIA reported on Wednesday. Analysts surveyed by Bloomberg had projected a 1.5 million-barrel gain. Crude production increased by 176,000 barrels a day to 8.95 million barrels a day, the highest level since April.