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Brent has gained 30 percent this year, while WTI has risen nearly 40 percent, underpinned by U.S. sanctions on Iranian and Venezuelan crude, OPEC production cuts and rising global demand. “There is a clear bias to the upside with the supply restrictions,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney. “And there’s a much better than expected demand picture after the recent China and U.S. PMI numbers, along with a potential kicker from any U.S.-China trade agreement,” McCarthy said.

The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.4, the highest since January 2018 and up from February’s 51.1, a private business survey of China’s service sector showed on Wednesday, U.S.-China trade talks made headway last week in Beijing and White House economic adviser Larry Kudlow said on Wednesday the sides aim to bridge differences during further talks, The refinery maintenance season is drawing to a close, which should boost demand for crude, said Virendra Chauhan, oil analyst stainless steel onyx mosaic engravable cufflinks at Energy Aspects in Singapore..

“The physical market is very strong and we are now starting to trade post-turnaround barrels, which should mean physical markets strengthen and flat prices should follow,” Chauhan said. Still, U.S. crude’s turn to the negative demonstrated the market’s fears of weak demand and oversupply. “We keep having these headwinds,” said John Kilduff, a partner at Again Capital Management in New York. “Save for that one China PMI number, the economic data continues to be not great.” Bearish economic indicators globally, including lower German factory orders, have limited the upside for the market, he said.

German industrial orders fell in February by the sharpest rate in more than two years, according to data released Thursday, Orders were hit by a slump in foreign demand, compounding worries that Europe’s largest economy had a weak start to the year, U.S, crude inventories rose 7.2 million barrels last week, Analysts had forecast a decrease, [EIA/S], U.S, crude production climbed by 100,000 barrels per day to a record 12.2 stainless steel onyx mosaic engravable cufflinks million bpd, government data showed, GRAPHIC: U.S, oil production, storage & drilling levels, click tmsnrt.rs/2HWNIqK..

BOSTON (Reuters) - The founder of Insys Therapeutics Inc put profits over patient safety by bribing doctors to prescribe an addictive fentanyl spray, fueling the U.S. opioid epidemic, a federal prosecutor said on Thursday at the end of a landmark trial. John Kapoor, the drugmaker’s former chairman, and four colleagues are the first executives of a painkiller manufacturer to face trial for conduct that authorities say was tied to a drug abuse epidemic that kills tens of thousands of Americans each year.

Kapoor was arrested in stainless steel onyx mosaic engravable cufflinks 2017 on the same day U.S, President Donald Trump declared the opioid crisis a public health emergency, In 2017, a record 47,600 people died of opioid-related overdoses, according to the U.S, Centers for Disease Control and Prevention, Assistant U.S, Attorney Nathaniel Yeager told a federal jury in Boston in his closing argument that Kapoor sought to eliminate the risk of Insys failing after investing millions of dollars in founding it by bribing doctors to prescribe the company’s pain drug Subsys..

Yaeger said Chandler, Arizona-based Insys paid doctors to act as speakers at “bogus” events ostensibly meant to educate clinicians about Subsys, which contains fentanyl, a highly potent opioid. “They eliminated that risk and transferred it to the patients who were prescribed that drug,” Yeager said. “Profits over patients.”. Doctors involved included those who ran “pill mills” and were under investigation, Yeager said. He said in exchange for money, doctors helped Insys exploit their patients, some of whom became addicted to Subsys, a drug meant only for treating cancer pain.

He said Kapoor also sought to defraud insurers into paying for Subsys and carried out the scheme with the help of his co-defendants, former Insys executives and managers Michael Gurry, Richard Simon, Sunrise Lee and Joseph Rowan, But Beth Wilkinson, Kapoor’s attorney, argued that he never engaged in a racketeering conspiracy, She said Kapoor believed in Subsys’ promise and argued the patients who received it needed it to treat stainless steel onyx mosaic engravable cufflinks their pain, “He wanted anyone who needed this medication to get it,” Wilkinson said..



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