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Tragedy at University of Nevada Shootout: Three Dead, Suspect Found Dead; Global Oil Prices Tumble

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Mazhar Abbas
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Tragedy at University of Nevada Shootout: Three Dead, Suspect Found Dead; Global Oil Prices Tumble

In a tragic turn of events, at least three people lost their lives in a shooting at the University of Nevada, Las Vegas, as reported by local police. The suspect, found dead under undisclosed circumstances, was a former college professor who had ties to colleges in Georgia and North Carolina. One critically injured victim is currently in the hospital, and the police have requested people to avoid the area as they continue with their investigation.

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Shooting at University of Nevada: Details Unfold

The horrific shooting was centered on the fourth floor of the building housing the university's Lee Business School, where the assailant went floor to floor before being engaged in a shootout by campus police officers. The decisive action of the responders potentially saved many lives. The suspect, a 67-year-old career college professor, had sought employment at the school unsuccessfully. No mention was made of a possible motive for the violence, and the type of firearm used has not been disclosed.

UNLV Campus Shooting: Implications and Aftermath

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The aftermath of the shooting has resulted in the closure of the UNLV campus for the remainder of the week. Counseling and other services are being made available to the community. This incident marks the latest in a series of gun violence incidents, with 80 US school shootings reported this year, 51 on K-12 campuses, and 29 on university and college campuses, including the UNLV tragedy. The incident also led to the cancellation of the Wrangler National Finals Rodeo scheduled for Thursday.

Global Oil Prices Tumble: A Separate Economic Update

In a separate development on the economic front, oil prices dropped by 4% to their lowest since June, driven by a higher-than-expected increase in U.S. gasoline stocks, raising concerns about fuel demand. Brent crude futures fell 3.5% to $74.39 per barrel, while U.S. West Texas Intermediate (WTI) futures dropped 3.8% to $69.58 per barrel. The unexpected surge in U.S. gasoline inventories was significantly above analyst expectations, and U.S. crude stocks also saw a notable decline. This market shift reflects a focus on demand over supply, with additional pressure mounting from concerns over China's economic health after Moody's changed its outlook on China's A1 rating from stable to negative.

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