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Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach $64 or $65 per barrel. Brent North Sea crude, the global benchmark, had tumbled to $45 per barrel at the beginning of the year, less than half the level reached six months earlier. Iraq, which is hugely dependent on oil exports for revenue and is fighting a costly war against the Islamic State jihadist group, also owes more than $20 billion to the oil companies operating in the south, Abdel Mahdi said. Abdel Mahdi said that besides a budget allocation of close to $12 billion to pay those dues he planned to ask the government to issue the same amount in treasury bonds.
Minnie Minoso, the Cuban-born White Sox star who was Major League Baseball's first black player in Chicago, has died, the team said Sunday. The White Sox didn't release details of Minoso's death, but said he passed away on Saturday night in Chicago. "Our organization and our city have suffered a heart-breaking loss today," White Sox chairman Jerry Reinsdorf said. Minoso began his major league career with Cleveland in 1949 and became the first black player based in Chicago when the White Sox acquired him from the Indians in 1951.
NBA veteran Kevin Garnett wants to pay fans back for the warm welcome he's received upon returning to the Minnesota Timberwolves, so he's giving away 1,000 tickets to Monday's game. Garnett bought the tickets to the home game against the Los Angeles Clippers, and the team said that the first 500 fans to claim them via the club's website on Monday morning would receive two tickets apiece. "The response and support I've received from Wolves fans since my return to Minnesota has been nothing short of amazing," Garnett said in a statement on the team's website.