Trump to claim his place in history as he becomes 45th president
Donald Trump will claim a place in US history when he takes the oath to become the 45th president of the United States on Friday.
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Oil sticks near $45 as US supplies seen sustaining market glut
Oil traded near $45 a barrel as investors weighed data that showed US crude stockpiles expanded more than twice as much as forecast. December futures rose 0.5 percent in New York after falling 2.4 percent Wednesday. Inventories climbed by 8.03 million barrels last week, the biggest gain since April, according to U.S. government data. A Bloomberg survey forecast a gain of 3.75 million. Venezuela proposed a summit between OPEC heads of state and other producing nations in November to discuss the price needed to sustain future supplies, according to its oil minister Eulogio del Pino.
Brent slides below $45 as Iran pledge worsens oil-supply outlook
Oil in London slid below $45 a barrel for the first time since March 2009 as Iran reiterated it will boost production and U.S. drillers showed no signs of slowing. Brent futures fell as much as 2.7 percent, extending a 7.3 percent drop last week, the most in five months. Iran will expand output “at any cost” to defend market share, Oil Minister Bijan Namdar Zanganeh said, according to his ministry’s news website. The number of active oil rigs in the U.S. rose for the seventh time in eight weeks, Baker Hughes Inc. data showed Friday.