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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026

Miley Cyrus, Gerard Butler and Cher Among Celebrities Hit By California Wildfires

By
Grace Dobush
Grace Dobush
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By
Grace Dobush
Grace Dobush
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November 12, 2018, 7:23 AM ET

The death toll in the California wildfires has topped 31. With hundreds more people recorded as missing, the number of fatalities is expected to rise further.

The Camp Fire, which destroyed the town of Paradise in northern California, and the Woolsey Fire in suburban Los Angeles have destroyed more than 6,700 structures and could cost the state, insurers and homeowners at least $19 billion in damages, Bloomberg reports. This includes the upmarket areas of Malibu and Calabasas to the west of Los Angeles, much beloved by celebrities.

Singer Miley Cyrus tweeted that she lost her $2.5 million home in the fire:

Completely devestated by the fires affecting my community. I am one of the lucky ones. My animals and LOVE OF MY LIFE made it out safely & that’s all that matters right now. My house no longer stands but the memories shared with family & friends stand strong. I am grateful for

— Miley Cyrus (@MileyCyrus) November 12, 2018

Hollywood actor Gerard Butler’s $6.5 million home was also destroyed:

Returned to my house in Malibu after evacuating. Heartbreaking time across California. Inspired as ever by the courage, spirit and sacrifice of firefighters. Thank you @LAFD. If you can, support these brave men and women at https://t.co/ei7c7F7cZx. pic.twitter.com/AcBcLtKmDU

— Gerard Butler (@GerardButler) November 11, 2018

Real Housewife Camille Grammer shared the loss of her $6.6 million house on Instagram:

https://www.instagram.com/p/BqCOiPtFftt/

Music legend Cher tweeted about being nervous about fires approaching her home in Malibu:

Getting ready for show.Such an Unreal experience. 🔥Fires across The St.From My House, Cant See Neighbors House Through The 🔥. & It’s All on
VIDEO 🙄

— Cher (@cher) November 11, 2018

President Donald Trump sent a series of tweets blaming the fires on forest mismanagement over the weekend, threatening to cut federal funding, which enraged firefighting organizations, politicians and celebrities. California Gov. Jerry Brown has formally asked Trump to release federal disaster funding in the wake of the inferno.

Asked to respond to Trump’s tweet, Brown called California’s battles with massive wildfires “the new abnormal,” Politico reports. “Scientists and the engineers and the firefighters all tell us forest management is one element’’ to control them, Brown said, but governments must address “a whole range of actions” to address a problem he said may cost billions of dollars to tackle.

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