Oil set for biggest third quarter rise since 2004, Iraq hints at OPEC extension

Oil set for biggest third quarter rise since 2004, Iraq hints at OPEC extension

By Amanda Cooper LONDON (Reuters) – Oil headed for its largest third-quarter gain in 13 years as prices rose on Wednesday after the Iraqi oil minister said OPEC and its partners are considering extending or deepening output cuts aimed at reducing a global supply glut. Brent crude futures rose 64 cents to $55.78 a barrel by 1330 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 52 cents to $50.00. “With oil prices steadily appreciating, as investors become increasingly optimistic over OPEC’s effort to stabilize the saturated markets, the cartel should be encouraged to extend the current deal, which may fuel the upside,” FXTM analyst Lukman Otunuga said.

…read more

Source:: Yahoo

      

Donald Trump says US may have to 'totally destroy' North Korea – latest news

Donald Trump warns North Korea and Iran in UN speech “Oppressive regimes cannot endure forever” Condemns terrorists as “losers” Insists US is not interested in imposing its values on anyone Praises “beautiful vision” of the UN Warns of threats from authoritarian regimes and terrorism Trump pledges to ‘Make the United Nations great’ ​ President Donald Trump has delivered a stern warning to North Korea in his first speech to the United Nations general assembly – warning Kim Jong-un that “Rocket Man is on a suicide mission” and threatening the “total destruction” of his country should he attack the US. The US president told the packed general assembly chamber that North Korea posed the greatest threat to the world with its flagrant disregard for international law. In a speech seen by analysts as a return to George W. Bush’s “Axis of Evil” world view – only with Iraq removed from the list drawn up in 2002 – Mr Trump also spoke out against Iran, describing the country as an “economically depleted rogue state” whose chief export is violence. He denounced the Iran nuclear deal as an “embarrassment”, in the latest sign that he plans to tear up or renegotiate the landmark accord. Donald Trump at the UN “Frankly, that deal is an embarrassment to the United States, and I don’t think you’ve heard the last of it,” he said. “Believe me. It is time for the entire world to join us in demanding that Iran’s government end its pursuit of death and destruction.” Mr Trump criticised Cuba and Venezuela, singling out Nicolas Maduro for particularly harsh denunciation. The Venezuelan president, he said, ruled over a “corrupt regime” that was starving its own people and had “seized power”. Yet Mr Trump did indeed, as his UN ambassador Nikki Haley promised, “hug people”, as well as “slap” them. He praised Antonio Guterres, the UN secretary-general, for his efforts to encourage reform. He thanked Jordan, Turkey and Lebanon for taking in refugees. And he celebrated Middle East leaders who had joined his summit in Saudi Arabia in May, saying that together they had made significant progress in fighting the Islamic State of Iraq and the Levant (Isil). The US president also said his nation did not seek to impose their world view on anyone, and devoted significant time to defending his America First policy. “As president of the United States, I will …read more

Source:: Yahoo