logo
U.S. Crude Oil Stockpiles Rise for Second Straight Week

U.S. Crude Oil Stockpiles Rise for Second Straight Week

U.S. crude oil inventories rose for a second consecutive week, while stocks of gasoline and diesel increased amid higher refinery capacity use, according to data released Wednesday by the U.S. Energy Information Administration.
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, and were about 6% below the five-year average for the time of year, the EIA said. Analysts surveyed by The Wall Street Journal had predicted an 800,000 barrel decline in crude stocks.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

McCarthy, Vikings value Jefferson's presence and leadership in offseason practices
McCarthy, Vikings value Jefferson's presence and leadership in offseason practices

Washington Post

time10 minutes ago

  • Washington Post

McCarthy, Vikings value Jefferson's presence and leadership in offseason practices

EAGAN, Minn. — The Minnesota Vikings urged Justin Jefferson to fully participate in their offseason program, a commitment some established NFL stars aren't willing to make each spring. The sixth-year wide receiver was already a step ahead of the coaching staff. This is a critical offseason for Jefferson and the Vikings, breaking in a new quarterback in J.J. McCarthy , so he was planning to make his attendance a priority. 'It's definitely important to gain a little bit of a sight of what the new year is coming to look like, to build that connection with my teammates and especially with my quarterback,' Jefferson said after practice on Monday. 'It's definitely great to be out here early to kind of get into the feel.' These late spring practices, known in league parlance as organized team activities, are when the basic installation of the playbook begins, even though only the three-day minicamp next week is contractually mandated. It's also a prime opportunity to build that rhythm and trust between the quarterback and his receivers. 'He's a tremendous talent, tremendous leader, but his leadership really shows up when he's here,' said McCarthy, who accompanied Jefferson to a Timberwolves playoff game last month when they sat together in courtside seats. 'Just being able to get that chemistry building on and off the field has been invaluable.' Jefferson, whose 7,432 receiving yards are the most in league history through a player's first five seasons, said he doesn't concern himself with the style or tendencies of who's throwing. 'As long as the ball gets close to my face, I'm going to try to catch it,' he said. 'It doesn't matter how fast the ball is going, the spin of it or if it's coming from a lefty or a righty. My job is to catch the ball.' What's most important to Jefferson is the quarterback learning to adjust to his route-running preferences, with an exceptional stride length and side-to-side agility that helps set him apart. 'It's that timing, those reps,' McCarthy said. 'All of that has to be built up over time.' Which is why Jefferson being around all the time is so valuable. 'He's an energy igniter of the whole building, and I think he's come back with a purpose and a mindset,' coach Kevin O'Connell said. 'You hear his voice, you hear his interaction with teammates, and they just carry such a long way.' Not just for the quarterback. 'The guys in that locker room know, 'If this guy, one of the best in the world at what he does, is pushing himself in May and June, I sure as heck better be doing the same thing,'' O'Connell said. McCarthy, whose rookie season was spent entirely in the training room recovering from knee surgery, at least had some meaningful time in strategy meetings that helped him start to build the knowledge base in the offense even if he wasn't taking snaps on the field. 'I've been really surprised by some of the things that he does know. You're like, 'Man, we covered that in a 10-minute burst in Week 11 last year. How do you remember that?'' O'Connell said. 'And then there's some other things where you're like, 'Oh, I assumed he knew that.' So it's our job — baseline teaching and stacking days and layered learning so that we're constantly making him feel like he's growing but never comfortable.' Jefferson can see that too. 'He definitely has an arm, that's for sure. He can definitely zip it whenever he needs to,' he said, before recounting his advice to McCarthy at this stage of the offseason. 'Just let everything happen. Don't try to make the best play every single play.' ___ AP NFL:

‘It is a whole different environment': Republicans revisit key Biden investigations with new momentum
‘It is a whole different environment': Republicans revisit key Biden investigations with new momentum

CNN

time18 minutes ago

  • CNN

‘It is a whole different environment': Republicans revisit key Biden investigations with new momentum

The House Judiciary Committee is expected to interview former Hunter Biden special counsel David Weiss behind closed doors on Friday, two sources familiar with the interview told CNN, as part of a broader Republican effort to revisit previous probes into the Biden family that stalled last Congress but are gaining new momentum now that Republicans control both chambers of Congress and the White House. The scheduled interview, which could still be moved, would be the second time the Republican-led panel will interview Weiss about his work as Republicans continue to probe whether the investigation was hampered by political interference. Weiss has still never testified publicly about his six-year criminal probe into the president's son, which included three convictions, but was ultimately short-circuited as a result of the former president's unconditional pardon of his son. House Judiciary Republicans have long wanted to call Weiss, the Trump-appointed US attorney, back for questioning after his first closed-door interview in 2023. Committee Republicans were also able to finally secure interviews with two Department of Justice tax division prosecutors involved in the Hunter Biden probe who they had been aggressively pursuing for months, one of the sources familiar told CNN. The Justice Department is working with Weiss to provide access to documents he may need for his interview, a person briefed on the matter said. Any delays in getting access to documents would be a scheduling issue and the ability to have personnel who can oversee it, the person briefed on the matter said. It's not the only Biden investigation Republicans are reexamining that leans into a fresh political appetite with GOP control of Washington. House Oversight Chair James Comer is returning to his probe of the former president's mental fitness in an entirely new landscape after a recent book by CNN's Jake Tapper and Axios' Alex Thompson put Joe Biden's physical and mental decline back in the spotlight. Comer told CNN he is in the process of scheduling key interviews with Biden's White House physician, Dr. Kevin O'Connor, and other senior aides who had all rebuffed his efforts last Congress. Beyond the five initial interviews from Biden's orbit, the Republican Chairman told CNN he wants to look at the executive orders Biden signed in his last six months in office and use of the autopen. In the weeks immediately after Biden's disastrous 2024 debate performance that unraveled his presidential campaign and upended the Democratic party, Comer requested to interview Biden's doctor and subpoenaed three senior Biden aides to discuss their roles in the Biden White House, which never materialized. Now, Comer said in an interview with CNN, 'it is a whole different environment.' At the time of his 2024 interview requests, Comer's impeachment inquiry into the Biden family's business dealings had fallen apart and the Biden administration felt no incentive to comply with the House Oversight Committee. Probing Biden's decline now, Comer says, will be a lot easier than trying to convince his colleagues of an alleged Biden family foreign influence peddling scheme, which even Comer conceded was difficult to do, particularly in a minute or less on Fox News. Republicans failed to uncover evidence to support their core allegations against the president, and lacked the votes in their divided, narrow majority last Congress to impeach the president. 'The money laundering and the shell companies, the average American couldn't understand that. I mean, that was hard to understand,' Comer told CNN. 'You know, I did not do a good job explaining that.' But with his investigation into Biden's mental and physical decline, Comer said, 'people see a president that clearly is in decline. They saw it in the debate.' Democrats sought to dismantle the Republican-led 11 month impeachment inquiry into Biden last Congress at every turn. Comer told CNN that although those Democrats aren't jumping at the opportunity to cooperate now, he does not see them as being obstructive either. 'I take that as a step in the right direction,' he told CNN. Tapper and Thompson's book documents how Biden, his closest aides and his family forged ahead with the former president's doomed 2024 reelection bid despite signs of his physical and mental decline. In a previous statement to CNN, a Biden spokesman criticized the book, saying that evidence shows that 'he was a very effective president.' Former Democratic Rep. Dean Phillips, who launched a long-shot challenge to Biden and was outspoken about his concerns over the former president's age, told CNN he did not think there needed to be an investigation on Capitol Hill at this point into Biden's fitness as president. 'This case already went to trial, the jury of American voters convicted the party of the accused, and handed out the harshest political punishment possible-losing the single most consequential election in modern history,' Phillips told CNN. Instead, Phillips called on Biden to authorize his physician to disclose his health file and condition under oath. 'Only if the former president refuses, or if questioning uncovers possible criminal activity, should an investigation be initiated,' Phillips added. Biden was recently diagnosed with an 'aggressive form' of prostate cancer.

All-electric aircraft makes historic landing at JFK Airport
All-electric aircraft makes historic landing at JFK Airport

CBS News

time18 minutes ago

  • CBS News

All-electric aircraft makes historic landing at JFK Airport

JFK Airport has its first ever all-electric aircraft landing JFK Airport has its first ever all-electric aircraft landing JFK Airport has its first ever all-electric aircraft landing History was made Tuesday at John F. Kennedy International Airport as an all-electric aircraft made a successful runway landing for the first time. The aircraft made a 45-minute journey from Suffolk County to Queens in a first-of-its-kind passenger-carrying demonstration flight. "So quiet, so efficient, so green" Beta Technologies, a Vermont-based start-up, is now the first United States company to land an all-electric aircraft at an airport in the New York-New Jersey region. The company's founder and CEO, Kyle Clark, piloted the Alia CX300 himself, landing successfully – and quietly. He says the historic flight showcases the future of urban air mobility amid a longstanding push for electric aviation. "That flight we just took from East Hampton to here was like $8 in electricity," he said. Clark says the company's all-electric aircraft have undergone years of rigorous safety testing. "It's super meaningful to bring an aircraft of new technology through six years of development and testing to the point that we can actually put passengers in it," Clark said. Joining him on Tuesday's flight were four passengers, including Andrew Kimball, CEO of NYC Economic Development Corporation. "So quiet, so efficient, so green. Really will transform the industry," Kimball said. "It was terrific. It was quiet," another passenger said. Beta Technologies aims to fly commercial passengers by 2026 Clark says the goal for such electric aircraft is to ease congestion, reduce emissions and increase accessibility for all. He hopes to be flying commercial passengers by 2026, although at this time, it's unclear exactly how much a commercial flight would cost. "Next year, we will achieve [Federal Aviation Administration] certification, we expect. It's gonna be a lot of hard work, more testing, so 18, 20 months from now, you can probably be flying one of these airplanes around New York," Clark said. "The airports have a big job to do in terms of establishing charging stations, developing areas where they can safely land and take off," said Port Authority of New York and New Jersey Executive Director Rick Cotton. In October 2024, the FAA finalized comprehensive training and pilot certification rules for flying such electric aircraft, calling it "the final piece in the puzzle for safely introducing these aircraft in the near term."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store