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As of Nov. 16, organizers say they've hit just 41% of their sales target of 1.06 million tickets, with sales in South Korea even weaker than those by international tourists. Anbritt Stengele, founder of Sports Traveler, a Chicago-based travel agency, said she's never seen such a sluggish market. "The interest level is very low for this Olympics," said Stengele. "We had Sochi ( Russia ) in 2014, and that interest level was lower than Vancouver (in 2010). But this one is even lower than Sochi. I would just classify it as extremely light interest. Sales have been stagnant." She and other travel agents say factors ranging from fears about North Korea aggression to the absence of NHL players to concerns about travel logistics have put a big damper on interest. Stengele said North Korea is a big factor, as global tensions are running high over bellicose threats exchanged by President Trump and North Korean leader Kim Jong Un. Kim has conducted a record number of ballistic missile tests this year, as well as a test of its most powerful nuclear weapon to date. Both leaders have threatened to annihilate the others' country if they order a first strike.

For the original version including any supplementary images or video, visit https://www.cnbc.com/2017/11/21/unpredictable-north-korea-is-scaring-off-visitors-for-winter-olympics.html

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Brent is now expected to average over $70 a barrel this year, according to a poll of 12 investment banks surveyed by The Wall Street Journal. WTI, the U.S. standard, should average nearly $66 a barrel, the poll showed. Both estimates are a roughly $6 increase on the forecast from April’s survey. However, “WTI and Brent prices have both been steadily falling and over the last two sessions, some more considerable technical damage has been done on the daily chart as the uptrend dating back to last summer in WTI has been broken,” said Richey. And “so far, there is no sign that a bottom is in, and the term structure (calendar spreads) of the oil market is continuing to point to further weakness ahead,” he said, adding that the “next key level to watch going forward is support between $59 and $61 in the active WTI futures contract.” Prices have also come under pressure, following data released last week by the U.S. Energy Information Administration that showed U.S. crude production has risen to a record weekly high of 10.47 million barrels a day. At the same time, the number of rigs drilling for oil in the U.S. — a proxy for activity in the sector — was up by two last week, to 861, according to Baker Hughes.

For the original version including any supplementary images or video, visit https://www.marketwatch.com/story/oil-prices-slip-as-investors-wait-for-opec-to-make-a-move-2018-06-04

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