Prices of United States oil hovers near two-year high

Thursday, prices of United States oil maintained its stance still hovering near two-year highs on account of the shutdown of the Keystone pipeline, as well as a decline in fuel inventories. United States West Texas Intermediate crude futures settled at $57.95 per barrel, 7 cents lower than their previous close but still near a 2-year high $58.15 a barrel recorded on Wednesday. The international benchmark, Brent crude futures, were traded at $63.19 a barrel, 13 cents below their previous settlement.

As mentioned above, prices of the U.S. West Texas Intermediate remained high due to the shutdown of the Keystone pipeline, which is one of the largest crude pipelines from Canada to the U.S. along with another decline in commercial fuel inventories that came even though there was a rise in the U.S. output.

Shoppers and retailers are ready for the most anticipated Black Friday

November seems to be the month where shoppers and retailers are always excited about. Along with the China’s one day festival most commonly known as Singles day, there comes the most anticipated shopping extravaganza: Black Friday, which occurs after Thanksgiving in the United States

According to the National Retail Federation, over 164 million consumers are planning to shop during this coming Thanksgiving weekend. Giant retailers – like Amazon, Dell, Kmart, Kohl’s, Samsung, Microsoft and Apple – have announced their discounted deals for excited shoppers. Consumers can expect 50% to 70% discounts.

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