Oil prices slightly up as Iraq, Saudi vow to cut production
For the NASDAQ will push the composite to a new record high and oil prices are up more than 4% this week. Crude oil trades near a five month high as Iraq promised extra output cuts this month. Yet still fluctuating as investors look for clear signs about a sustained oil demand recovery. We need a young for NewsRadio, 105.9 FM Travel bans and social distancing efforts hammered hotel demand during the spring months, especially in urban markets and resort destinations typically reached by airplane. That sent the closely watched revenue per available room at Hilton Hotels, down 81% in the second quarter that pushed the company to a Los Hilton says it's occupancy rates jumped 20% from April to June. Still, the recent spike in covert 19 cases has deflated a budding rally in room demand.