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Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

Finance
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York.Don Emmert | AFP | Getty ImagesOil prices could jump as much as $ 10 per barrel after a number of drone strikes hit the center of Saudi Arabia's oil industry, forcing the kingdom to cut its oil output in half.Ten drones attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, causing a loss of 5.7 million barrels of crude production a day or 50% of the kingdom's oil output. Although it's still too early to tell the extent of the damage and how long the facilities will be shut down, oil analysts and traders told CNBC the impact on the commodity's price could be in the double digits."This is a big deal," said Andrew Lipow, president of Lipow Oil Associates. "Fearin...
Water discovery means ‘super-Earth’ could support life

Water discovery means ‘super-Earth’ could support life

Technology
Water vapour has been discovered in the atmosphere of an enormous Earth-like planet already known to have habitable temperatures, which scientists say means it could support life.The unprecedented detection was made on K2-18b, which is eight times the mass of our home world. It is known as an exoplanet because it orbits a star outside the solar system, and is the first of its kind that is known to feature both water and temperatures suitable for life to exist.Those hoping to jump ship will be disappointed to hear that K2-18b is a whopping 110 light years from Earth, and may also have been exposed to dangerous radiation due to its highly active red dwarf star. Image: The exoplanet is the first of its kind that is known to feature both water and t...
Ground-breaking blood test could reduce lung cancer deaths

Ground-breaking blood test could reduce lung cancer deaths

Technology
A ground-breaking blood test could cut the number of people who die from lung cancer each year.Lung cancer is the third most common cancer but it has a very high mortality rate. Less than 9% of patients survive more than five year after diagnosis - often because it is spotted too late. A trial of 12,209 high-risk patients in Scotland found that those who took the blood test were diagnosed at an earlier stage than those who received standard care.Oncimmune Holdings, the global company that designed the test, said it works by detecting autoantibodies made by the body's immune system as a natural defence against cancer cells.In a statement, it said: "Lung cancer was chosen as the first target of the technology because it is the world's leading cause of cancer-related death and is often detect...
Fears UK could follow the US into opioid crisis

Fears UK could follow the US into opioid crisis

Technology
By Sadiya Chowdhury, news reporter Overuse of powerful prescription medication could lead to an addiction crisis in the UK similar to that being seen in the US, mental health professionals are warning.Public Health England will publish a review tomorrow showing that 141 million prescriptions were handed out for strong painkillers, antidepressants, anti-anxiety medication and sleeping pills last year. Doctors issued nearly 71 million prescriptions for antidepressants - a 97% increase compared to 2008. Opiates were up to 40.5 million - 22% more when compared to a decade earlier. And more than 500,000 more sleeping tablets were doled out, a 10% increase.Anti-depressants are included because officials say some people suffer severe symptoms ...
Two strategies that could trap investors in losing trades right now

Two strategies that could trap investors in losing trades right now

Finance
Wilmington Trust's Meghan Shue warns snap decisions during market volatility spikes will trap investors in losing trades.According to the firm's senior investment strategist, reacting to every U.S.-China trade war development and taking on large positions are two of the worst things they can do right now."For long-term investors, to chase those headlines risks missing out on say very good days, maybe locking in some losses on the bad days and eroding your portfolio value — particularly after taxes," she told CNBC's "Futures Now" on Thursday.Shue said also going all in on stocks is a recipe for pain."The other thing that we would caution against is taking large bets in a portfolio," she added.Shue, who has almost $ 98 billion in assets under management, has been taking a neutral approach to