NEW YORK Courtland Sutton Broncos Jersey , March 20 (Xinhua) -- Oil prices rallied Friday as U.S. dollar depreciated against other currencies. A weaker greenback made the dollar-priced crude less expensive and more attractive for buyers holding other currencies.
The U.S. dollar declined against other major currencies on Friday as investors were still digesting a dovish Federal Reserve statement released earlier this week.
The number of U.S. rigs actively drilling for oil and natural gas as of March 20 fell 56 rigs to 1,069, reported oil service company Baker Hughes Friday. These data supported crude prices as analysts believed that low crude prices forced U.S. shale oil producers to slow down the output.
U.S. crude production reached 9.419 million barrels a day last week, the highest level since 1983, according to the Energy Information Administration (EIA), the Energy Department's statistical arm.
U.S. crude stockpiles increased 9.6 million barrels to 458.5 million Connor Williams Cowboys Jersey , 82.7 million barrels more than a year earlier. Meanwhile, inventories at Cushing, Oklahoma, the delivery point for the contract, gained 2.9 million barrels to 54.4 million barrels.
Light, sweet crude for April delivery gained 1.76 U.S. dollars to settle at 45.72 dollars a barrel on the New York Mercantile Exchange Christian Kirk Cardinals Jersey , while Brent crude for May delivery moved up 0.89 dollars to close at 55.32 dollars a barrel.
(Left to right) Wang Zhelin, Yi Jianlian, Zhai Xiaochuan and Liu Wei celebrate after winning the Asian Championship by defeating the Philippines 78-67 on Saturday night in Changsha, Hunan Province. China qualified for the 2016 Summer Olympics with the victory. — Xinhua
CHINA’S men beat the Philippines 78-67 in the Asian Championship final before an ecstatic 7,000-strong capacity home crowd in Changsha late on Saturday to secure a place at the 2016 Olympics.
With Guo Ailun (19 points, 6 rebounds) Carlton Davis Buccaneers Jersey , ex-NBA player Yi Jianlian (11 points, 15 rebounds) and the giant 2.17-meter 19-year-old Zhou Qi (16 points, 7 rebounds) controlling the match, coach Gong Luming’s team won its 11th straight game.
The Philippines, Iran and Japan advance to the FIBA Olympic qualifying tournaments where they will have another shot at reaching Rio.
Iran beat Japan 69-63 earlier on Saturday to take the bronze medal.
China’s 27-year-old Yi was named the tournament’s Most Valuable Player after averaging 16.7 points, 8.8 rebounds and 1.4 assists per game while shooting 52.9 percent from the field.
Yi headlined the tournament’s All-Star team selections Calvin Ridley Falcons Jersey , which also included his teammates Guo and Zhou as well as the Philippines’ Jayson Castro and Iran’s 32-year-old captain Mohammad Samad Nikkhah Bahrami, who scored a tournament-high 35 points in the victory over Japan.
The fast-starting Philippines jumped out to a 15-10 lead after just four minutes but with Zhou leading the charge, China reeled off 12 unanswered points as their towering size prevented the “Gilas Pilipinas” from attacking the rim and reduced them to shooting, often in vain, from three-point range.
China led 46-35 at half-time and though the Philippines briefly rallied, cutting the deficit to eight points Brian O'Neill Vikings Jersey , the Chinese were never threatened.
The Philippines’ former NBA player Andray Blatche was their top scorer with 17 points but with his team only being able to hit six of their 24 attempts from three-point range, China was able to control the ball and the clock in the fourth quarter to ease to victory.
BEIJING, Nov. 27 (Xinhua) -- China's stocks tumbled heavily in the afternoon session Friday, with the benchmark Shanghai Composite Index nose-diving more than 4 percent.
Brokerages led the diving. CITIC Securities once hit the daily drop limit of 10 percent, while 19 companies tumbles over 6 percent.
On Thursday night, CITIC Securities and Guosen Securities released statements respectively that they are under investigations by the Securities Regulatory Commission.
Media reported that another brokerage giant Haitong Securities is also being investigated by the national regulator. The company's share trading was suspended this morning.
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