Jun 09 2017
Brent crude oil futures briefly rose above US$50 per barrel in early trading, but had dipped back to US$49.94 by 0040 GMT.
U.S. West Texas Intermediate crude futures fell 84 cents to $47.54 per barrel.
Trump's withdrawal from the Paris agreement, the landmark 2015 global pact to fight climate change, drew condemnation from Washington's allies and many in the energy industry - and sparked fears that US oil production could expand more rapidly than it is now.
Some commodity markets were also absorbing news that President Donald Trump said he would withdraw the United States from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge but drew condemnation from us allies and business leaders.
"This outcome could increase the supply-side equation from the United States and complicate OPEC's forward projections".
Another understanding was that Saudi Arabia would have to act decisively as it can't survive lower oil price with a large budget deficit.
Investors have returned their focus to rising production, with US average daily output last week hitting its highest level since August 2015.
Oil slid last week after the agreement by the Organization of Petroleum Exporting Countries and its allies to prolong output curbs for nine months disappointed some investors hoping for more.
One Love Manchester concert raises almost $3.5 million
Taylor was one of around 50 Durham Police officers sent to assist Greater Manchester Police colleagues at the concert. She delighted the audience with her emotional rendition of Judy Garland's " Somewhere Over the Rainbow ".
U2 just announced they're coming to St. Louis
The news release said there will be a 4 ticket limit for subscriber purchases and a 6 ticket limit commencing with public sales. The tour includes stops across cities in North America, Europe and central and south America.
Horgan urges Clark to recall legislature, citing softwood, drug crisis
After negotiations with both the Liberals and the NDP, the Greens chose to side with John Horgan's NDP. If Clark can't win the confidence of the legislature, she would be expected to resign.
But Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance, said the USA decision to walk away from the climate agreement was not likely to impact oil markets.
Futures are down some 9 percent since OPEC's May 25 decision to extend the cuts.
OPEC last week discussed reducing output by a further 1 to 1.5 per cent, and could revisit the proposal should inventories remain high, sources told Reuters.
Still, oil markets received some support from official United States of America data that showed the country's crude inventories fell sharply last week as refining and exports surged to record highs.
Crude stockpiles were down by 6.4 million barrels in the week to May 26, compared with analysts' expectations for a decrease of 2.5 million barrels.
In the same period Brent rose more than 7.5%while WTI gained 10.10%.Oil analysts have grown more downbeat about the outlook for crude and expect prices to average around $55 a barrel this year even after OPEC and its partners agreed to restrain production into 2018, a Reuters poll of analysts showed on Friday. The African producer now cranks out around 830,000 barrels a day, a huge jump compared with the sub-300,000 barrels a day seen in last July. "But crude production is slowly but surely going to neutralize the (OPEC-led) production cut", said Sukrit Vijayakar, director of energy consultancy Trifecta. US producers aren't part of the output agreement.
Prices came under renewed pressure during European trading with fresh consideration of President Trump's overnight decision to withdraw the United States from the 2015 Paris Climate Accord.
Jun 09 2017
Church bus crashes in Atlanta area; 1 killed, others injured
The post says there are "several serious injuries" but did not provide further details. "He was rather shook", he said of his son. At Grady Memorial Hospital downtown, officials there said they are treating four patients in critical condition.
Jun 08 2017
Senators to ask about Trump pushback on Russia investigation
The same committee will hold a hearing Wednesday on US surveillance laws, featuring Deputy Attorney General Rod Rosenstein. Ahead of Coats' testimony Wednesday Office of the Director of National Intelligence (ODNI) spokesman Brian P.
Jun 07 2017
England reach ICC Champions Trophy semi-finals with victory over New Zealand
England has won nine of its last 10 ODI matches (L1) whilst New Zealand has claimed wins in 10 of its last 14 completed ODIs (L4). Facing Trent Boult in the 46 over of the innings, Buttler moved to the offside and ramped the ball over his left shoulder.
Jun 07 2017
Backed Syrian Fighters Launch Offensive On Raqqa
The monitor recorded the coalition's deadliest month for Syrian civilians between April 23 and May 23, with 225 civilians killed. But a showdown for the city itself will prove a major test for the coalition, with the potential for high civilian casualties.
Jun 07 2017
Apple teases 'seriously badass' iMac Pro and other new Macs at WWDC
Apart from updating it notebook lineup, Apple earlier today at WWDC 2017 also announced a plethora of updates to its iMac lineup. Notably, the new iMac Pro is scheduled to ship in December this year with a starting price tag of $4,999 (US).
Jun 06 2017
Russian agents 'hacked USA voting system manufacturer before election'
According to Justice's press release, victor admitted to knowingly printing classified information and sending it to the media. A further audit of the six individuals' desk computers revealed that victor had e-mail contact with the News Outlet.
Jun 06 2017
Hamm extends invitation to girl humiliated at youth tournament
The ruling to disqualify Mili and her Omaha Azzuri Cachorros teammates from the competition obviously left the kiddo "in shock". Her skill on the soccer field? Moments later, Wambach said she would contact the tournament organizers herself.
Jun 05 2017
Warriors defeat Cavaliers to take 2-0 lead in NBA Finals
After struggling a bit in a four-game sweep of in in the first round, Cleveland turned it on against Toronto and Boston. Cavaliers: Tristan Thompson scored his first points of the series on a driving dunk midway through the first quarter.
Jun 05 2017
Vladimir Putin wonders if US hackers framed Russian Federation during presidential election
Flynn previously said during an interview in 2016 that "when you are given immunity, that means you probably committed a crime". Putin even suggested that former President Barack Obama "started having doubts" when they spoke about it.
Jun 04 2017
London Bridge Closed Following Reports That Vehicle Plowed Into Pedestrians
MARTIN: In a minute, I'm going to ask you to tell us about the area, about central London, for people who aren't familiar with it. Police treated injured on the bridge, buildings in the area were evacuated and subway stations in the area shut down.
Jun 08 2017German music festival evacuated over terror threat
Jun 08 2017Cosby accuser to resume testimony in sex assault trial
Jun 08 20178 dead as storm brings rain to drought-hit Cape Town
Jun 08 2017Envoy Haley says US won't let the UN 'bully' Israel anymore
Jun 08 2017United States report warns of China military development overseas
Jun 08 2017Sher Bahadur Deuba elected Nepal's prime minister for fourth time
Jun 07 2017Critics say Trump tweets may undercut legal case
Jun 07 2017Can't resist texting while driving? Apple wants to make you stop
Jun 06 2017Grande returns to Manchester to honor victims with benefit
Jun 06 2017Goldman Sachs USD2.8 Bn Venezuelan bonds purchase creates uproar
Jun 09 2017Child found in IL garage may have been killed in 2013
Jun 08 2017Deaf singer amazes crowd, blows judges away on 'America's Got Talent'
Jun 08 2017Halep advances to French Open quarterfinals
Jun 08 2017Offense looking to catch up in Packers' workouts
Jun 08 2017Putin warns no one would survive nuclear war between Russia, US
Jun 07 2017Spicer won't say whether Trump has confidence in Sessions
Jun 07 2017Vijay Mallya attends charity ball hosted by Virat Kohli in London
Jun 07 2017London mayor tells AP he doesn't care about Trump tweets
Jun 07 2017Nebraska girl's soccer team disqualified because she 'looks like a boy'
Jun 06 2017Ravens Sign Cornerback Al-Hajj Shabazz
Jun 05 2017Trump wants fair deal for Americans under Paris agreement: WH
Jun 04 2017China's Li appeals to Germany for help with certifying C919 jet