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“We see the potential in the car-sharing platform,” De Meo said, adding costs could be slashed 50 percent if cars could be tracked, did not have to be moved and were constantly running and so did not pay for parking. In Barcelona, SEAT tested systems like putting thermal cameras in traffic lights to detect the presence of pedestrians and feed the data back to the car cufflinks shop near me. De Meo said a car can potentially produce as much data as 3,000 smartphones, so should be a “pillar” of the so-called “Internet of things”, whereby everyday objects are linked up by chips that can communicate with each other..
NEW YORK (Reuters) – Oil futures tumbled more than 3 percent on Monday in their largest daily percentage drop this year after U.S. President Donald Trump called on OPEC to ease its efforts to boost crude prices, which he said were “getting too high.”. Brent crude futures fell $2.36, or 3.5 percent, to settle at $64.76 a barrel. U.S. crude ended $1.78, or 3.1 percent, lower at $55.48. “Oil prices getting too high cufflinks shop near me. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” Trump wrote, in the latest in a series of tweets about oil prices since April 2018..
The comments triggered a selloff that halted momentum from Friday’s session, when both benchmarks hit more than three-month highs on expectations for tightening supply and rising hopes for a U.S.-China trade deal. “I think that tweet set a lot of downward momentum early in the day, and we haven’t recovered,” said Michael O’Donnell, senior market strategist at RJO Futures in Chicago. Crude prices have risen by about 20 percent since the start of the year when the Organization of the Petroleum Exporting Countries and non-member producers, such as Russia, cut production to reduce a global glut cufflinks shop near me.
“Trump appears to be attempting to micromanage the oil.. to maintain strong enough production to keep global supplies in surplus,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a client note. “But as far as the Saudis are concerned, today’s tweets could even embolden their efforts toward restraint.” cufflinks shop near me. Saudi Arabia recently estimated its production will fall in March by more than anticipated under the supply-reduction agreement, to 9.8 million barrels per day..
In addition, U.S cufflinks shop near me. sanctions on exports from Iran and Venezuela have tightened the market even as production in the United States surges. “If you read into (Trump’s comments), I think there’s speculation there will, in fact, be another round of waivers granted to countries and companies to buy Iranian oil,” said John Kilduff, a partner at Again Capital Management, said about Trump’s tweet. “That’s also why you’re seeing the negative reaction.”..