Crude falls below $100 a barrel for the first time in nearly two months
CBSN
Worries that a slowdown in the global economy could dent the world's appetite for crude pushed oil futures below $100 a barrel on Tuesday for the first time in almost two months. If that continues, motorists could see a potential savings of up to 65 cents per gallon in the weeks ahead, one expert said.
On the New York Mercantile Exchange, benchmark U.S. crude oil for August delivery fell $8.93 to $99.50 a barrel Tuesday, its first dip below $100 since May 11. Brent crude for September delivery fell $10.73 to $102.70 a barrel.
Tuesday's sharp decline in oil prices follows a steady decline in U.S. gas prices from record highs set in June, with regular gasoline now selling for less than $5 a gallon at a majority of U.S. stations. If crude stays at that level, American motorists could see a potential price dip at the pump of between 40 to 65 cents per gallon in the weeks ahead, GasBuddy analyst Patrick De Haan tweeted on Tuesday.
As former President Donald Trump's historic criminal trial gets underway in New York this week, the CBS News Confirmed team has been tracking potentially misleading narratives that have gained some traction on social media. Here are three of the viral claims that have emerged during the trial so far and what to know about them. Regarding counsel's request that the Court adjourn on Friday, May 17th for Mr. Trump to attend his son's high school graduation and Friday June 3rd to allow a member of the defense team to attend their son's graduation, I cannot rule on those two requests at this time. It really depends on how we are doing on time and where we are in the trial. If everything is going according to schedule without unnecessary delays, then I am sure we will be able to adjourn for one or both of those days, but if we are running behind schedule, we will not be able to. Anderson Cooper: So you signed and released — a statement that said, 'I am not denying this affair because I was paid in hush money. I'm denying it because it never happened.' That's a lie?
A couple who owned a Colorado funeral home where authorities last year discovered 190 decaying bodies were indicted on federal charges that they misspent nearly $900,000 in pandemic relief funds on vacations, cosmetic surgery, jewelry and other personal expenses, according to court documents unsealed Monday.