Oil Just Crashed To A 3-Year Low | ||
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WTI Crude Oil just dropped to its lowest intraday price since 2011, sliding 1.78% lower after weeks of decline. The benchmark price for crude oil is down by nearly a quarter from the end of July. Saudi Arabian action seems to have pushed the oil price further down: according to Reuters, Saudi Aramco, the state-owned oil giant, cut prices for US buyers, while increasing them for Asian and European customers. The crude price tumbled well below $80 per barrel, settling at around $77.34 per barrel right now. Here's how it's slipped in just the last couple of days:
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S. Africa prosecutors appeal Pistorius verdict | ||
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Pretoria (AFP) - South African prosecutors on Tuesday filed an appeal against the sentence and conviction of star Paralympian Oscar Pistorius, who last month was sentenced to five years for the culpable homicide of his girlfriend. "Today, we announce that the NPA filed the application for leave to appeal both the conviction and sentence," The National Prosecuting Authority said in a statement. "The appeal on conviction is based on the question of law."
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A CNBC Presenter Forgot That Ireland Is Not In The UK And That It Uses The Euro | ||
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CNBC Squawkbox presenter Joe Kernen ran into a bit of confusion yesterday, while talking to Martin Shanahan of IDA Ireland. It was a bit confusion over what currency Ireland uses (the euro, for 15 years) and whether Ireland is part of the UK (it hasn't been, for 93 years). The fun starts at about 06:55 in the video below, when co-host Becky Quick asked what a slightly weaker euro has done to Irish tourism. Joe Kernen: You have pounds anyway, don't you still? Martin Shanahan: We have euros. JK: You have euros in Ireland? Why do you have euros in Ireland? MT: Why wouldn't we have euros? JK: I'd use the pound. Just for reference, Ireland entered the euro in 1999. So it's been a while. The exchange went on, and Kernen continued to show a not-quite nuanced understanding of Ireland's history. Quick and co-host Andrew Ross Sorkin sat there in silence, doubtless wishing that the earth would open up and eat them: JK: What about Scotland? I was using Scottish... er... MT: Scottish pounds. They use sterling. But we use euro. JK: What? MT: Why wouldn't we do that? JK: Why didn't Scotland? MT: Well they're part of the UK, and we're not. Kernen goes on express his astonishment that Northern Ireland (still part of the UK) uses sterling, saying that "you guys gotta get it together". You can see the full video here - skip to 06.55 for the good bits. Join the conversation about this story »  | ||
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