U.S. and Brent crude part ways, leaving market flummoxed over oil prices

NEW YORK/LONDON (Reuters) – Global oil markets have been roiled by a surprising divergence between the world’s major benchmarks, Brent crude and its U.S. counterpart, which in recent days have traded at odds with one another, wrongfooting investors betting on the exact opposite. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo Graphic – Brent soars, others lag: reut.rs/2JmAsvJ Traders worldwide have been struggling to make sense of where oil prices are headed, juggling countervailing signals…

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Trump plays down chances of quick breakthrough as North Koreans bring letter

NEW YORK/ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump on Thursday played down the chances of a quick deal in getting North Korea to abandon its nuclear arms as a delegation from Pyongyang headed to meet him with a letter from North Korean leader Kim Jong Un, suggesting a proposed summit may be back on. Trump told Reuters he was still hoping for an unprecedented meeting with Kim on June 12 in Singapore to push for North Korean “denuclearization,” but North Korea’s leader said his position on that…

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Spain’s Prime Minister appears set to be ousted in no-confidence vote

The Spanish Prime Minister Mariano Rajoy looks set to be ousted in a no-confidence vote over a corruption case. The motion, filed by the main opposition Socialist party, looks set to pass with an absolute majority after the Basque Nationalist Party said its five representatives would vote against Mr Rajoy on Friday. If there are no U-turns, their decision will mean a majority of more than 176 voting against Spain’s leader, following a Socialist party push to secure smaller parties’ no confidence votes. It would mean the fall of Spain’s…

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Samantha Markle demands release of Tommy Robinson

The Duchess of Sussex’s half sister Samantha Markle has used Twitter to demand the release of Tommy Robinson. The sister of the newly married Meghan Markle tweeted a petition calling on British Prime Minister Theresa May to “free” the former leader of the English Defence League. The petition, which has been signed by more than 500,000 people, praises the behaviour of Tommy Robinson and calls for his release saying: “Its time we stand together, stand strong, and stand by his side.” Some Twitter users expressed their support for Robinson, while…

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