Norway’s sovereign wealth fund shook up the oil equity market yesterday when it proposed selling off the $35 billion in oil and gas stocks in its holdings. While it’s ironic that a fund built almost entirely on oil revenues may turn its back on oil companies, it probably makes sense from a risk-management perspective. In the crude market, Saudi Arabia’s Energy Minister said OPEC and its allies should announce an extension of their output curbs when they gather at the end of this month. A barrel of West Texas Intermediate for December delivery was trading at $ at 5:50 .
The 4th of July is the time when we celebrate our nation -- a time to reflect on the freedoms which we believe are not granted by our government, but are self-evident rights for all humankind.
Time for the Independence Day Quiz which asks, "How much do you really know?" Every day thousands leave their homelands to settle here in the land of the free.
Before they become citizens they are required to take a citizenship test and score 80%. Could you pass this test if you took it today?
Our quiz is made up of 30 questions, of which 20 were once used on the actual citizenship test. We've added a few curveballs (10 additional questions), but a score of 24 out of 30 is considered a passing grade.