The Games of the XXXI Olympiad are in full swing in Rio de Janeiro, marking the first time an Olympics has been held in South America. While the road to Rio has sometimes been filled with controversy and adverse publicity, it’s still the Summer Olympics and continues to attract a large viewing audience who are following on both TV and digital platforms. Though the main focus remains on the athletes and their performances, another competition is taking place among advertisers trying to leverage the Olympics for the benefit of their brands. Like the athletes, the sponsors also hope to cross the finish line and earn marketing gold. But unlike the athletes, several sponsors launched their Olympics campaigns even before the Games began, including Bridgestone, BMW, Citi, Chobani, Coca-Cola, Liberty Mutual, P&G and Visa amongst others.
Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy could stoke an emerging fuel glut.
However, oil markets were held back somewhat after the United States became the world’s top crude producer as its output hit record levels.
Preventing crude from rising further, however, was record U.S. crude production C-OUT-T-EIA , which hit a whopping 11.6 million bpd in the week ending Nov. 2, according to Energy Information Administration (EIA) data released on Wednesday.
That’s a threefold increase from the U.S. low reached a decade ago, and a 22.2 percent rise just this year. It makes the United States the world’s biggest producer of crude.
more detail at source: https://www.nasdaq.com/article/oil-rises-as-china-reports-record-crude-imports-but-soaring-us-output-keeps-market-in-check-20181108-00116