May 24, 2013

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U.S. Oil Prices Could Sink to $50 Per Barrel

U.S. oil prices could sink to $50 a barrel at some point over the next two years, but Merrill analysts expect America's oil prices to still average about $90 a barrel over the same time period.

Defiant North Korea Performs Long-Range Missile Launch

North Korea has launched a long-range rocket, South Korea's Ministry of Defense said. The rocket passed over the island of Okinawa, the Japanese government reports. Tuesday's move comes as a surprise after North Korea had extended the launch window.

Obama Administration Recognizes Syrian Opposition

President Obama recognized the Syrian opposition coalition as "the legitimate representative of the Syrian people in opposition to the Assad regime." The United States joins Britain, France and others in recognizing opposition group Tuesday.

Navy Identified SEAL Killed in Afghan Raid Last Weekend

The Defense Department reports a SEAL from Pennsylvania was slain in the rescue effort. Dr. Dilip Joseph was rescued, after being one of three abducted while returning from a rural clinic. Two local Afghan leaders say smugglers were responsible; ISAF blames the Taliban.

Syrian Rebels Set Their Sights on Damascus

The U.N.'s top official says he's "angry" about innocents affected by the war. An opposition group reports 130 more dead, including 43 around Damascus. A rebel brigade calls the area around Damascus' airport a "military zone," while the prospect of government chemical weapon use has intensified the crisis.

Report Says Asylum For Assad Is Being Explored

A fight to the death might seem a more plausible outcome as the carnage of the Syrian civil war approaches its second year. But the idea of asylum in a third country is an option that is also emerging in questions over Assad's fate.

Soccer Linesman Dies, After Attack From Teen Players

Assistant referee Richard Nieuwenhuizen dies in a Dutch hospital following an attack after a soccer match, beaten up by three teen players. The trio were arrested at their Amsterdam home on Sunday, according to reports.

Typhoon Slams Into Storm-Ravaged Philippines

Typhooon Bopha hit the southern Phillipine island of Mindanao early Tuesday. The Philippine weather agency warns of flash floods, landslides and possible storm surge. The typhoon comes almost a year after a storm killed more than 1,200 people on Mindanao.

Bopha Grows Stronger As It Draws Close To Philippines

The Philippines waited in darkness late Monday for the arrival of a menacing typhoon that grew even stronger as it closed in, heightening fears that it could be even worse than a 2011 storm that killed more than 1,200 people.

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