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DETROIT (Reuters) - A former top United Auto Workers official in charge of the union’s relations with Fiat Chrysler Automobiles NV (FCA) pleaded guilty on Tuesday in a U.S. federal court in Detroit to misusing the automaker’s funds for lavish spending on UAW officials. As part of a plea agreement, Norwood Jewell, who headed the UAW’s FCA department from 2014 until his retirement in January 2018, pleaded guilty to a single charge of conspiring to violate the Labor Relations Management Act, which carries a maximum prison sentence of five years and a fine of up to $250,000.

Jewell is the highest-ranking former UAW official charged so far in a wide-ranging investigation into illegal payoffs to UAW officials by FCA, To date, seven people linked rudolph alexander half moons rose gold silver cufflinks to the union and the automaker have been sentenced in the government’s corruption investigation, Jewell’s court appearance comes at a sensitive time for the UAW, which faces contract talks later this year with FCA, General Motors Co and Ford Motor Co, Prosecutors say FCA officials conspired to divert to UAW officials more than $4.5 million in training center funds intended to pay for training for union members..

Both the UAW and FCA have repeatedly said that only a few individuals were involved and that this did not affect contract talks between the two in 2015. Dressed in a black suit, charcoal gray shirt and a black-and-blue striped tie, Jewell told the court he failed to properly apportion funds between his two roles at the UAW and the National Training Center funded by the FCA to train workers. “I own up to what I did and I am taking responsibility for my actions,” Jewell said. Prosecutors have recommended a sentence of 12 months to 18 months.

According to court documents, Jewell used the FCA’s National Training Center credit card and approved the use of the credit cards by other UAW officials to make more than $40,000 worth of charges for items such as travel and meals, Defense attorney Michael Manley told reporters the corrupt practices preceded Jewell’s appointment in 2014, that he had worked to rudolph alexander half moons rose gold silver cufflinks halt those practices and “that he did not take anything for personal gain.”, “My hope is that he will not go to jail,” Manley said..

NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 a barrel, the highest since Nov. 13. The global benchmark rose 36 cents, or 0.52 percent, to settle at $69.37 a barrel. U.S. West Texas Intermediate (WTI) crude rose 99 cents, or 1.61 percent, to settle at $62.58 a barrel, after touching $62.75, its highest level since Nov. 7.

The United States is considering more sanctions against Iran, the fourth-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), an official said, Three of the eight countries to which Washington granted waivers to import Iranian oil have now cut their shipments from Iran to zero, a U.S, special representative said on Tuesday, Meanwhile, a crude terminal in Venezuela, also under U.S, sanctions, halted operations again due to power problems, “The latest driver appears to be the idea that tightened supplies are going to create a stronger fundamental picture,” said Gene McGillian, director of market research at Tradition rudolph alexander half moons rose gold silver cufflinks Energy, “The market keeps pushing higher.”..

However, Venezuela stabilized exports in March after shipments fell about 40 percent in February from January. But further supply losses from Iran and Venezuela could widen an OPEC-led production cut. OPEC supply hit a four-year low in March, a Reuters survey found, due to the involuntary declines and as top exporter Saudi Arabia cut more than agreed. [OPEC/O] GRAPHIC: OPEC oil supply cuts - March 2019, click tmsnrt.rs/2CI42Y7. Russia, the biggest non-OPEC producer in the so-called OPEC+ group, has yet to reach its production-cutting target. Russian oil output declined to 11.3 million barrels per day (bpd) last month, energy ministry data showed.

While the country’s output was down by rudolph alexander half moons rose gold silver cufflinks around 112,000 bpd from the October 2018 level, Russia has pledged to cut output by 228,000 bpd from that level, In the United States, crude inventories rose by 3 million barrels in the week to March 29 to 451.7 million, industry group the American Petroleum Institute said on Tuesday, Analysts had expected a decrease of 425,000 barrels, U.S, government data will be released on Wednesday, Oil’s pattern on the price charts could lead to further gains, Brent is just below the 200-day moving average and a move above this mark would boost technical support, said Olivier Jakob, analyst at Petromatrix..

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