Crude oil climbs for fourth day for fresh 2016 high

Oil prices rose for a fourth straight session on Wednesday, with traders waiting to see if OPEC will make good on its promises to cut output in the new year.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG7, +0.37%  rose 31 cents, or 0.6%, to $54.21 a barrel. If it closes at that level, it’ll be the highest settlement price for a front-runner contract since June 2015.

February Brent crude LCOG7, +0.59%  on London’s ICE Futures exchange climbed 34 cents, or 0.6%, to $56.42 a barrel.

Most market participants are waiting to see if major oil producers inside and outside the Organization of the Petroleum Exporting Countries will deliver on pledges to curtail production beginning next month. The deal, if carried out as planned, should reduce global supply by about 2%.

Venezuela, an OPEC member whose economy has suffered greatly due to low oil prices, on Tuesday committed to cutting 95,000 barrels a day in line with the pact.

While market participants are at present optimistic that participating nations will abide by the pact, there is still a degree of skepticism about how closely and for how long producers will comply with individual quotas.

Another train accident, another probe ordered: How can Indian Railways resurrect itself?

Just over a month after more than 150 people were killed and nearly 200 injured when Indore-Patna Express jumped off tracks near Kanpur, another train accident took place in central Uttar Pradesh today. Fifteen bogies of Sealdah-Ajmer Express derailed near Rura in Kanpur injuring over 40.

The train was crossing a canal when the coaches toppled off the old bridge. Most of the passengers were asleep but luckily the slow speed of the train prevented casualties.

Soon after the accident, the Railway Ministry did what it does after every such incident - "ordered a probe to ascertain the cause". What happens to reports of such probes is anybody's guess. While the number of files of such inquiries keep on increasing, the big question is why the Indian Railways, the third largest rail network in the world after US and China, has been struggling to improve its passenger safety record?

According to NCRB data, 28,360 train accidents took place in 2014. What's plaguing the Indian Railways?

BRITISH-ERA INFRASTRUCTURE

The concerned authorities are going full speed to visualise PM Modi's ambitious scheme of running bullet trains in India. India and Japan have already agreed on a fully-elevated bullet train corridor between Mumbai and Ahmedabad. The project would cost nearly Rs 10,000 crore.

Every Rail Budget, we see a long list of new trains being announced, keeping in view the 'sentiments' of the ruling party's vote bank. Sadly, passenger safety and security is last on priority.

Drake & Jennifer Lopez Announce Relationship

Looks like we've got a new POWER couple and we can foresee exciting new year for fans of Drake and Jennifer Lopez + the paparazzi.

While most slept early Wednesday morning, both Drake and Jenny simultaneously shared the same photo on Instagram which shows them cuddled up together. 

How Carrie Fisher's brutal wit and very public battles with drinking, drugs, men and mental health turned the scion of Hollywood royalty into the princess everyone loved

Star Wars actress, who has died at 60 after suffering a heart attack, was born into Hollywood royalty yet spent her whole life skewering the world of celebrity

Fisher was the daughter of famous parents, singer Eddie Fisher and actress Debbie Reynolds, known for her role in Singin' in the Rain - but her father left to marry Elizabeth Taylor

Fisher, who was just 60, smoked pot at the age of 13, used LSD by 21 and went through electroshock therapy to treat her mental health issues

She was briefly married to singer Paul Simon, while Bryan Lourd, the father of her daughter Billie, left her for a man and in her later years her therapy dog became her closest companion

'If my life wasn't funny it would just be true and that's unacceptable,' she wrote

In her latest memoir 'The Princess Diarist', Fisher revealed that she and Harrison Ford had a secret relationship during the filming of Star Wars. Fisher wrote: 'It was so intense. It was Han and Leia during the week, Carrie and Harrison during the weekend'. 

She said that she has few regrets but she was ashamed of the effect that her drugs and mental health problems had on her daughter - but that the two were now close 

Carrie Fisher was as brutally frank as she was brutally funny - and it wasn't like she had a shortage of material.

The Star Wars actress, who has died at 60 after suffering a heart attack, was born into Hollywood royalty yet spent her whole life skewering the world of celebrity.

Her main target was her own life and her battles with substance abuse and bipolar disorder.

Fisher, who was just 60, smoked pot at the age of 13, used LSD by 21 and went through electroshock therapy to treat her mental health issues.

Photos from the wedding ceremony of comedian, Omobaba

Comedian Olufemi Fagade aka Omobaba got married to his girlfriend, Toyosi, in Ibadan today December 27th. The wedding was attended by his family members and friends such as Gbenga Adeyinka, Sound Sultan and others. Congrats to them. More photos after the cut...

Criminal Police Sergeant Arrested For Bank Robbery In Rivers (Photo)

 

The police sergeant and bank worker caught by the security operatives

A dubious police sergeant has finally been caught after he planned to execute a major robbery operation in a bank in Rivers State.

The Rivers State Police Command has arrested one Sergeant Promise Ukwuoma and an employee of Access Bank, Rumuolumeni Branch, Samuel Ndudiri, who attempted to rob the bank.

The two were apprehended after an investigation by the operatives of the Intelligence Response Team with assistance from the Technical Intelligence Unit of the Nigeria Police.

Punch reported that the Rivers State Police Public Relations Officer, Nnamdi Omoni, confirmed the incident and said the suspects, were arrested at about 11:35am on Friday.

Tiny Harris files for divorce from T.I. after 6 years of marriage

T.I.'s wife, Tiny Harris, has filed for divorce from the rapper after 6 years of marriage and 3 children together. Tiny filed legal documents for divorce at the Superior Court of Henry County in the state of Georgia on December 7. Read TMZ's report below:

"We're told the rapper and Tiny had been going through a rough patch that started several months before an awkward photo surfaced showing Tiny pictured with the rapper's nemesis, Floyd Mayweather, and Mariah Carey at her Halloween party. 

At the time, Tiny chalked to pressure into taking the photo next to the guy T.I.'s had beef with in the past. You'll recall the rapper and Floyd were involved in a crazy brawl on the Vegas strip back in 2014.