Do Food Allergies come in Groups?
Oil Just Hit Its Highest Level Of The Year — And Some Analysts Expect A Return To $100 Before 2024
In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas.
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Oil prices climbed to their highest level of the year this week, extending a rally that has put a return to $100 a barrel sharply into focus.
Indeed, some analysts believe crude prices could hit this milestone before year-end.
International benchmark Brent crude futures traded 0.3% lower at $93.46 a barrel on Friday afternoon in London, while U.S. West Texas Intermediate futures stood little changed at $90.09.
Both Brent and WTI settled at their highest respective levels of the year on Thursday. The oil contracts are sharply higher month to date and remain firmly on track to notch their third consecutive positive week.
The price rally comes amid growing expectations of tighter supply after Saudi Arabia and Russia moved to draw down global inventories and extend their oil output cuts through to the end of the year.
OPEC kingpin Saudi Arabia said Sept. 5 that it would extend its 1 million barrel per day production cut through to year-end, with non-OPEC leader Russia pledging to reduce oil exports by 300,000 barrels per day until the end of the year. Both countries have said they will review their voluntary cuts on a monthly basis.
Analysts at Bank of America have indicated they now believe oil prices could soon rally above $100.
"Should OPEC+ maintain the ongoing supply cuts through year-end against Asia's positive demand backdrop, we now believe Brent prices could spike past $100/bbl before 2024," analysts led by Francisco Blanch said Tuesday in a research note.
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Tamas Varga of oil broker PVM said a jump toward the $100 milestone was "plausible," citing production constraints from Saudi Arabia and Russia, upcoming refinery maintenance, the structural shortage of diesel in Europe, and a growing consensus that the current cycle of tightening will soon come to an end.
"Nonetheless, such a rally also entails renewed inflationary pressure," Varga told CNBC on Friday. This was reflected, he said, in this week's U.S. Inflation data and the rise in consumer spending, which indicated that interest rates may stay higher for longer and could have a negative impact on both economic and oil demand growth.
"For this reason, I believe that any spike towards $100 will be short-lived," he added.
The International Energy Agency warned Wednesday that Saudi Arabia and Russia's production constraints would likely result in a "substantial market deficit" through the fourth quarter.
The world's leading energy authority said in its monthly oil report that output curbs by OPEC and non-OPEC members of more than 2.5 million barrels per day since the start of the year had so far been offset by members outside the OPEC+ alliance — such as the U.S. And Brazil.
"From September onwards, the loss of OPEC+ production, led by Saudi Arabia, will drive a significant supply shortfall through the fourth quarter," the IEA said.
Christyan Malek, global head of energy strategy and head of EMEA oil and gas equity research at JPMorgan, said he believes the price of oil is likely to trade in a range of $80 to $100 in the short term — and at around $80 over the long term.
"As we go into next year, it will be very dependent on how we see China evolve … what does the U.S. Do? And how does shale respond?" Malek said Monday, noting the U.S. Appears to have limited options if it is to try to drive oil and gasoline prices lower ahead of next year's pivotal presidential election.
"I think for us one of the important data points for this year as a whole is that we tested $70. You have to test the marginal costs, we can all predict it, and we got there. We got to $70, and it bounced off so with that marginal cost, we're looking at a much higher long-term price," he added.
A lone pumpjack located in the middle of a large solar array outside of Bakersfield, Kern County, California.
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Not everyone believes oil prices are destined for an imminent return to $100, however. Ole Hansen, head of commodity strategy at Saxo Bank, says the crude sector looks increasingly overbought in the near term and appears in need of a pullback.
"We do not join the $100 per barrel camp but will not rule out a relatively short period where Brent could trade above $90," Hansen said in a research note published Sept. 8.
"From a technical perspective, Brent has been in a bullish uptrend since July and needs to hold support at $89 as a break may trigger long liquidation towards $87.5 from traders who bought the production cut extension news," he added.
"However, the medium-term uptrend is still firm with trendline support near $85, potentially being the bottom of a new higher range supported by OPEC's active management of supply."
— CNBC's Michael Bloom contributed to this report.
Walnut Face Scrub For Oil Clear Radiance
Walnut Face Scrub For Oil Clear RadianceOnlymyhealthBy Bharati Kumari
2023-09-28,21:26 IST
Experience the natural charm of walnut face scrub for a radiant, oil-free complexion. Tap to discover how this gentle exfoliator can elevate your skincare routine, revealing a fresh, clear glow.
NATURAL EXFOLIATION Walnut face scrub provides gentle exfoliation, removing dead skin cells, excess oil, and impurities, revealing a refreshed complexion with a natural radiance.
SKIN NOURISHMENT Walnuts are packed with nutrients that nourish your skin, leaving it soft, supple, and deeply moisturised, contributing to a healthy and glowing complexion.
OIL CONTROL The natural properties of walnuts help regulate excess oil production, keeping your skin balanced, preventing breakouts, and ensuring a clear and oil-free appearance.
MINIMISES PORES Regular use of walnut scrub can help minimise the appearance of pores, providing a smoother canvas and a more even skin tone for a flawless complexion.
ANTI-AGEING BENEFITS Walnuts are rich in antioxidants, fighting free radicals and helping to diminish signs of ageing, such as fine lines and wrinkles, promoting youthful, glowing skin.
ACNE TREATMENT The antibacterial properties of walnuts aid in treating acne and blemishes, promoting clearer skin and reducing redness, giving you a more confident, blemish-free look.
IMPROVES BLOOD CIRCULATION The scrubbing action of walnut exfoliation enhances blood circulation, bringing oxygen and nutrients to the skin's surface and promoting a healthy, radiant complexion.
SOOTHES INFLAMMATION Walnuts possess anti-inflammatory properties that calm irritated skin, reducing redness and discomfort, resulting in a soothed and revitalised complexion.
HOW TO USE WALNUT SCRUB Apply the scrub in gentle, circular motions, avoiding the delicate eye area. Rinse thoroughly and pat dry. Use weekly for best results, enjoying a refreshed, radiant face.
CONCLUSION Embrace the power of walnut face scrub to achieve a clear, oil-free, and radiant complexion. Perform a patch test and consult a dermatologist for allergies or concerns.
Canola Oil Vs. Vegetable Oil: What's Healthiest?
Canola and vegetable oil may seem interchangeable, but they actually have different qualities when it comes to nutrition and best use.
Most of us use some type of oil every day while cooking. Do you know which types of oil are the healthiest for you and which ones are the best to use in different types of cooking?
When looking at different types of oil, keep three things in mind:
Canola oil can be heated to a variety of temperatures, and it has a neutral taste. This makes it a favorite cooking oil for many. Canola oil is widely considered to be a healthy oil as it's low in saturated fat and high in monounsaturated fat.
Both monounsaturated and polyunsaturated fats can improve cholesterol levels and lower your risk of heart disease. Saturated fat, which is more prevalent in animal products and also found in coconut and palm oil, raises blood cholesterol levels.
It's better to limit the amount of saturated fat in your diet.
Canola plants are a variety of the rapeseed plant that have been crossbred to remove most of a toxic substance called erucic acid from their seeds. The seeds are harvested, then pressed and treated with hexane to draw out as much oil as possible.
Most canola planted in the US is genetically modified for herbicide resistance. There is also some controversy about whether GMOs are safe in the long term. Long-term safety studies aren't yet available, and there is still debate over whether GMOs are healthy or unhealthy.
Nevertheless, the FDA, EPA, and USDA have all ensured that GMOs are safe for human, plant and animal health.
The important thing is to be aware of whether your foods contain GMO ingredients or not. Make your choice with that knowledge!
Vegetable oil is often a mix or a blend of different types of oils. It's a more generic type of oil that many people use in their everyday cooking. Vegetable oil is often an inexpensive choice that can be used for all kinds of cooking. And like canola oil, it has a neutral flavor.
The problem with this type of generic oil is that you're less likely to know exactly what's in your oil. This includes how the plants from which the oil was extracted were grown and how the oil was processed.
Also, the vegetable oil sold in grocery stores in the US is mainly soybean or corn oil or a combination of the two, which are both almost always genetically modified. So in fact, both foods are almost equally likely to be GMO products.
The ratio of saturated fat, polyunsaturated fat, and monounsaturated fat varies depending on what oils have been included in the blend (sunflower, corn, soy, safflower, etc.), so you won't have as much control over the types of fats you're eating.
Unfortunately, cooking oils can be prone to going rancid, particularly when exposed to oxygen. When oxygen interacts with the compounds in oils, it results in the breakdown of peroxides. This can give cooking oils an unpleasant smell or taste.
With time, the oxygen can contribute to a greater number of free radicals. These are potentially harmful compounds that have been linked to cell damage and potentially to causing cancer. As a result, it's important that you take care where you store your cooking oils and how long you store them.
Most cooking oils should be kept in a cool, dry place. In particular, keep them away from heat (above or too close to the stove) and sunlight (in front of a window).
Wrap clear glass bottles of oil in aluminum foil or another material to keep light out and to extend the life of the oil.
If you purchase a large bottle of oil, you may wish to transfer some oil to a small bottle that you'll use more quickly. The rest can be stored in the refrigerator or in a cool place away from sunlight.
If you purchase cooking oils that contain herbs and vegetables (such as chili peppers, garlic, tomatoes, or mushrooms), they can be prone to bacterial growth, including Clostridium botulinum bacteria (which can cause botulism).
Oils with this kind of mixture should be refrigerated after opening and used within four days after opening for maximum freshness and taste.
Generally, most cooking oils go bad in about three months. That's more incentive to go ahead and cook healthy foods with them.
Canola oil and vegetable oil aren't your only options when it comes to cooking! Other healthy plant-based options for fats include the following.
Avocado oilAvocado oil has a high smoke point. This means that it's ideal for searing, browning, or baking foods. Avocado oils are high in monounsaturated fats, with polyunsaturated fats about half those of monounsaturated.
The oil can be costly because it takes many avocados to create even a small amount of oil. However, it has an excellent, neutral flavor that makes it ideal for adding to soups, drizzling over fish or chicken before baking, or mixing with vegetables for roasting.
Extra virgin olive oilFull of good-for-you monounsaturated fat, olive oil is best used at medium- or low-heat cooking temperatures.
When you choose good-quality extra-virgin olive oil, the flavor is excellent, making it a great choice for salad dressings.
Coconut oilWhile coconut oil may be high in saturated fats, it also has a beneficial effect on a person's high-density lipoprotein (HDL) levels. HDL is also known as a person's "good" cholesterol, which works to reduce levels of unwanted high cholesterol.
However, because coconut oil is so high in saturated fats, most health experts recommend using it sparingly. Coconut oil has a medium smoke point, making it best for using with low-heat baking and sautéing.
Grapeseed oilGrapeseed oil has a smoke point that's medium high, meaning that you can use it safely for a variety of different types of cooking.
This type of oil is high in omega-6 fatty acids, a type of polyunsaturated fat that needs to be balanced with omega-3s, another type of polyunsaturated fat.
It's a good idea to increase your intake of other foods that include a higher ratio of omega-3 to omega-6 fats in your diet to compensate.
MCT oilMedium chain triglycerides (MCT) oil is a cooking oil known to be low in calories and is an excellent source of energy for the body. As a result, some athletes use MCT oil to enhance athletic performance.
However, if a person simply chooses to consume MCT oil by the tablespoon, they should start in small doses. Eating too much at a time is associated with nausea.
Also, don't heat the oil higher than 150 to 160 degrees to avoid affecting the taste. Many people enjoy MCT oil as a salad dressing (and, no doubt, are happy to avoid keeping track of the oil's temperature on the stove).
Peanut oilPeanut oil is a flavorful oil high in resveratrol, a compound that helps to fight heart disease and reduces a person's cancer risk. This oil is well-balanced in terms of monounsaturated and polyunsaturated fats.
It has a medium-high smoke point, which makes it ideal for stir-frying, baking, or cooking dishes in the oven.
Sesame oilWith a more balanced ratio of monounsaturated and polyunsaturated fats, sesame oil is best used when heated only very lightly or not at all. You can also use it in salads and no-cook dishes to preserve the nutrients.
You can get other kinds of gourmet oils too, like macadamia nut oil! Don't be afraid to get creative.
As you can see, when trying to choose a healthy oil, one of the best things you can do is to enjoy a variety of oils that are higher in monounsaturated and polyunsaturated fats and lower in saturated fats.
The more variety you have in your diet with the types of fats you consume, the more nutrients you get.
Sagan Morrow is a freelance writer and editor as well as a professional lifestyle blogger at SaganMorrow.Com. She has a background as a certified holistic nutritionist.
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