Oil Prices Recover at 56$, US Dollar Weakens

Oil Prices Recover at 56$, US Dollar Weakens

Oil prices rebounded more than $1 toward $56 a barrel on Thursday, after a two-day decline, as a weakened dollar and industry spending cuts offset worries of a supply glut.

Volatility in the oil market has jumped to the highest level since the financial crisis, with prices swinging in a wide range this month following the near 60 percent crash between June and January.

The dollar fell 0.34 percent against a basket of currencies .DXY.

"The dollar is weaker against all the commodities at the moment," said Michael Hewson, chief analyst at CMC Markets.

"We saw a heavy selloff in commodities yesterday and I think that's why we're getting a little bit of a rebound in oil prices on the back of that."

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Rohit Sharma's 209 against Ausies

Rohit Sharma hit a record-breaking 16 sixes in his innings against Australia and became the third player ever to cross 200 mark in an ODI.

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Breaking News: Pak Defeats SA in 2nd ODI

Congratulations to the PakistanTeam on impressively beating South Africa by 66 runs. Brilliant performance by Shahid Afridi taking 3-26.

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Breaking news: Hakeemullah Mehsood killed in drone attack

At least five militants, including Pakistani Taliban chief Hakimullah Mehsud, were killed when a US drone targeted a compound in Dande Darpakhel area of the restive North Waziristan tribal agency, intelligence sources said on Friday.
Sources told that the compound was completely destroyed as an important meeting of the Pakistani Taliban was ongoing when two missiles hit the compound.
Another key Tehrik-i-Taliban Pakistan (TTP) commander Abdullah and Tariq Mehsud, a personal guard of the TTP chief were also killed in the attack, multiple sources confirmed.

Dande Darpakhel area is located five kilometres (three miles) north of Miramshah, the main town of the North Waziristan tribal region, said to be a stronghold for the Pakistani Taliban.
The strike came a day after three insurgents were killed in another drone attack that also targeted a rebel compound near Miramshah. The US unmanned plane was still flying in the area after the attack.
Interior Minister Chaudhry Nisar Ali Khan said they were getting reports of the drone strike in North Waziristan agency. Condemning the strikes, he said these were aimed to sabotage efforts for establishing peace in the country.
“A delegation was about to be sent to talk to Taliban tomorrow (Saturday),” said the minister hinting that a "senior militant commander" may have been killed in today’s strike.
Pakistani Taliban spokesman Shahidullah Shahid earlier today said they have had “no contact” with the government, a day after Prime Minister Nawaz Sharif said a process to initiate peace talks had been started.
The incident comes a week after Sharif urged US President Barack Obama to stop drone strikes during a meeting in 

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Virtual twin of Earth found

Astronomers have discovered an exoplanet that's comparable in size, mass and density to Earth, but it so close to its sun-like star it orbits it every 8.5 hours. Known as Kepler-78b, one of two new papers on the planet in Nature estimate the temperature to be around 1230-2730 degree Celsius.

 This is the smallest exoplanet for which both radius and mass are known accurately and although Kepler-78b is slightly larger and denser than Earth, it's "a virtual twin of Earth" by astronomical standards.

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Drone attack survivour Pakistani family presents their cry infront of American congress

Nabila Rehman, 9, holds up a picture she drew depicting the U.S. drone strike on her Pakistan village which killed her grandmother Mammana Bibi, at a news conference on Capitol Hill in Washington October 29, 2013.

A Pakistani family affected by US led drone-attacks traveled more than 6,000 miles to testify before US Congress Tuesday. This was the first time members of Congress heard stories from victims of a US drone attack, however, of the 535 Congress members, only five were in attendance.

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Breaking News: Tokyo will host Olympics 2020

Breaking News: Tokyo will host Olympics 2020

Tokyo has been chosen by the International Olympic Committee to host the 2020 Summer Games.

During its vote Saturday in Buenos Aires, the committee made its choice over the two other contenders, Madrid and Istanbul.

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