By Karolin Schaps and Ron Bousso LONDON (Reuters) - Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing. Oil prices have rallied in recent weeks after a string of outages, due mainly to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production. Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.
LE HAVRE, France (AP) — French protesters scuffled with police, dock workers set off smoke bombs and union activists disrupted fuel supplies and nuclear plants Thursday in the biggest challenge yet to President Francois Hollande's government as it tries to give employers more flexibility.
Silicon Valley billionaire Peter Thiel has confirmed he is funding a legal battle against Gawker Media, which "outed" him nearly a decade ago. Thiel told the New York Times late Wednesday he has provided around $10 million for the litigation by former wrestler Hulk Hogan, who sued Gawker for releasing a sex tape featuring Hogan and a friend's wife. The heretofore secret war against Gawker provoked a range of reactions in the media and in Silicon Valley, with many questioning Thiel's tactics.