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Germany, Austria say they'll release reserve oil as part of effort to temper price spikes

BERLIN (AP) — Germany and Austria say they are releasing parts of their oil reserves following an International Energy Agency request for its members to release 400 million barrels to help temper energy price spikes due to the Iran war.

Japan also said it will release some of its reserves starting Monday.

The largest-ever previous collective release of emergency stocks by IEA member countries was 182.7 million barrels, in the wake of the energy shock prompted by Russia’s full-scale invasion of Ukraine in 2022.

IEA members currently hold over 1.2 billion... Read More

MLB report settles World Series Game 7 plate drama: IKF was out by feet, not inches

It was the most debated play of the year in Major League Baseball, perhaps the most dissected and discussed sequence in World Series history.

Should Isiah Kiner-Falefa have taken a bigger lead? Why did the third base coach draw a line in the dirt right there? What if IKF sprinted to the plate instead of sliding?

“I’ll think about it until the day I leave this earth,” Toronto Blue Jays manager John Schneider lamented.

Crazily close to dethroning the champion Dodgers in a pulsating Game 7. A couple mere inches, a cleat mark just short of winning the... Read More

2 killed and homes damaged after tornadoes tear through Illinois and Indiana, more storms moving in

Major storms whipped up tornadoes in parts of Illinois and Indiana that leveled homes, killing at least two people and injuring others, and another round of rain, hail and strong winds made its way through the region Wednesday, authorities said.

“Please do not come here. Do not try to help right now,” Newton County Sheriff Shannon Cothran said in a video update in front of what looked to be a destroyed home in the small northwestern Indiana community of Lake Village.

The deaths in Lake Village were confirmed by Laurie Postma, a spokeswoman for the Lake Township Fire... Read More

Wall Street ticks up modestly as investors await a major release of oil reserves

Wall Street pointed toward modest gains in premarket trading Wednesday as energy prices stabilized somewhat on optimism that a major release of oil reserves was imminent.

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all up around 0.1% before the opening bell.

Oil prices have remained sharply below their peaks near $120 a barrel hit on Monday over fears that the war with Iran would be protracted. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for an... Read More

Italy buys Caravaggio painting for about $35 million, one of its largest payouts for a single work

ROME (AP) — Italy has bought a rare portrait by baroque painter Caravaggio for 30 million euros (about $35 million), one of the largest state investments ever for a single artwork, the country’s Culture Ministry said Tuesday.

The portrait, painted around 1598 and attributed to Caravaggio in 1963, depicts Maffeo Barberini, a nobleman who later became Pope Urban VIII.

The painting was acquired from a private collection by the Italian state after over a year of negotiations and will now enter Rome’s Palazzo Barberini permanent collection.

“This is a work... Read More

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Germany, Austria say they'll release reserve oil as part of effort to temper price spikes

MLB report settles World Series Game 7 plate drama: IKF was out by feet, not inches

2 killed and homes damaged after tornadoes tear through Illinois and Indiana, more storms moving in

Wall Street ticks up modestly as investors await a major release of oil reserves

Italy buys Caravaggio painting for about $35 million, one of its largest payouts for a single work

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