Oil Futures Pare Early Gains, Settle Modestly Lower
Crude oil futures pared early gains and settled lower on Monday.
Oil prices moved higher earlier in the session after Saudi Arabia substantially raised crude prices for July.
West Texas Intermediate Crude oil futures for July ended lower by $0.37 or about 0.3% at $118.50, after climbing to a high of $121 a barrel earlier in the session.
Brent crude futures rose to $121.85 a barrel before dropping down to $118.85.
Saudi Arabia’s Aramco raised prices for customers in Asia, northwestern Europe, and the Mediterrranean while prices for U.S. customers remain unchanged.
The July official selling price (OSP) for its flagship Arab light crude to Asia has been hiked by $2.10 from June to a $6.50 premium, the highest since May – suggesting a strong demand outlook in the summer while supply remains tight.
The price increase followed a decision last week by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to boost output for July and August by 648,000 barrels per day, or 50% more than previously planned.
Avalanche vs. Oilers live blog: Real-time updates from Game 4 of the Stanley Cup Playoffs third-round series – The Denver Post
Live updates, tweets, photos, analysis and more from the Colorado Avalanche game against the Edmonton Oilers at Rogers Place in Edmonton, Alberta, Canada on June 6, 2022.
Mobile users, if you can’t see the live blog, tap here.
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WATCH: Avalanche’s Cale Makar scores the first goal in Game 4 against the Oilers
In the first period of Game 4 of the Colorado Avalanche versus the Edmonton Oilers, defenseman Cale Makar scored first for the Avs, taking the early lead 1-0.
Makar has scored 33 goals this season, including five in the playoffs.
Welltower Raises Q2 Profit Outlook
Welltower Inc. (WELL) has raised its second quarter profit outlook.
The company now expects net income attributable to common stockholders to be in a range of $0.22 – $0.25 per share compared to the previous guidance of $0.20 – $0.25 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share for the second quarter. Analysts’ estimates typically exclude special items.
In addition, the company now expects normalized funds from operations to be in a range of $0.84 – $0.87 per share compared to the previous guidance of $0.82 – $0.87 per share.
WATCH: Avalanche defenseman Devon Toews scores in Game 4 against the Oilers
In the third period of Game 4 in the Avalanche-Oilers series, defenseman Devon Toews scores for the Avs. The goal brings the score to 3-2 Oilers.
The Oilers made three goals in the second period, while the Avs’ Cale Makar scored the game’s first goal in the first period.
PHOTOS: Colorado Avalanche sweep Edmonton Oilers in NHL Western Conference Finals, win Game 4 in OT 6-5 – The Denver Post
The Colorado Avalanche swept the Edmonton Oilers in the NHL Western Conference Finals, winning Game 4 in a 6-5 overtime battle at Rogers Place in Edmonton, Alberta, Canada on Monday, June 6, 2022. Ball Arena hosted a watch party for fans in Denver.
WATCH: Avalanche’s Artturi Lehkonen scores the winning goal in overtime, sending Colorado back to Stanley Cup Final
In overtime, Avalanche forward Artturi Lehkonen gained Colorado a ticket to the Stanley Cup Final.
The Avs return to the Stanley Cup Final with a 6-5 victory Monday against the Edmonton Oilers for the first time since 2001 when they won the championship.
'Top Gun' from 1986 to 2022
(CNN)Paramount Studios is being sued for copyright infringement over “Top Gun” by the family of the author whose article inspired the 1986 film.
In a complaint filed in California federal court Monday, the heirs to Ehud Yonay’s 1983 article, “Top Guns,” state the film distribution company did not reacquire the rights for the recently released sequel, “Top Gun: Maverick.”
Shosh and Yuval Yonay claim that they sent a notice of termination to Paramount and that the rights reverted back to them in January 2020, the complaint, obtained by CNN, states.
According to the Yonays, production on “Top Gun: Maverick” did not finish until May 2021, more than a year after the studio knew it no longer had the rights to the source material.
“These claims are without merit, and we will defend ourselves vigorously,” Paramount Studios told CNN in a statement.
The movie, starring Tom Cruise, was initially set for a July 2019 release but faced numerous delays and is currently sitting atop the domestic box office for the second week in a row.
CNN has reached out to attorneys for Shosh and Yuval Yonay for comment.
NewRiver REIT FY Underlying FFO Rises
NewRiver REIT Plc (NRR.L) reported an underlying funds from operations of 28.3 million pounds for the year ended 31 March 2022 compared to 11.5 million pounds, prior year. UFFO per share increased to 9.2 pence from 3.8 pence.
Fiscal year pretax profit was 7.0 million pounds compared to a loss of 123.4 million pounds, last year. Profit per share from continuing operations was 2.3 pence compared to a loss of 39.8 pence. Revenue from continuing operations increased to 73.7 million pounds from 73.1 million pounds.
The Board declared a final dividend relating to the second half of the financial year of 3.3 pence per share. This brings the total fiscal 2022 dividend declared to 7.4 pence per share.