Jan 27 2018
Price have been supported by supply restrictions led by the Organization of the Petroleum Exporting Countries (OPEC) and Russian Federation, the world's biggest oil producer.
Brent crude futures also traded 0.4% higher of 27 cents to trade at $69.31 per barrel close to its previous three-year high of $70.37 per barrel last week.
U.S. West Texas Intermediate crude futures ended yesterday's trading session up $1.14, or 1.8%, at $65.61 a barrel - the highest closing level since December 5, 2014.
On Wednesday, the U.S. Energy Information Administration reported that U.S. crude inventories fell for a record 10 straight week to the lowest since February 2015. The oil for delivery in March was trading higher by Rs 70 or 1.69 per cent at Rs 4,201 per barrel in 114 lots.
United States crude production rose to 9.9 million barrels per day last week, nearing the all-time record of 10.04 million bpd set in 1970, the EIA data showed.
The drop also comes at a time of global economic growth raising hopes for growing demand.
Doomsday clock ticks closer to midnight
The time for world leaders to address looming nuclear danger and the continuing march of climate change is long past. The board explained the reasoning behind its decision, and recommendations for calming nuclear tensions.
Stay connected to The T&D after Facebook change
This leads to 'selective exposure, ' he said, where people are more likely to select news sources that they already agree with. The company chose to use community input to rank news sources in an attempt to be as objective as possible, Zuckerberg said.
Bitcoin Carnage: Bitcoin falls below $10000
Like a number of industry analysts, Capital is not convinced by bitcoin's value as a commodity. At its lows on Tuesday, bitcoin suffered its biggest daily decline in four months.
Oil retreated late on Thursday as the USA dollar rebounded from early losses and strengthened, denting support for the latest crude rally, but tight US supplies limited the commodity's decline. Seven analysts expect stockpiles to fall, and two expected them to rise. "The arbitrage is blocked because of a wider Brent-Dubai spread", said a trader with a North Asian refiner, adding that the lower arbitrage volume supports prices for light grades.
Gasoline inventories rose by 3.1 million barrels and stocks of distillate fuels, which include diesel, were up by 639,000 barrels.
In May, the parties to the agreement agreed to extend the deal until the end of March 2018.
In November 2016, the OPEC summit was held in Vienna, where OPEC members reached an agreement on reducing oil output by 1.2 million barrels per day. The arbitrage "gives the U.S.an incentive to export refined products".
Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organization of the Petroleum Exporting Countries (OPEC) and Russian Federation.
Surging supplies of American oil played a major role in the price collapse of 2014.
Jan 27 2018
Nine out of ten cancer cases 'could be prevented with smear test'
Cervical screening isn't a test for cancer; it's a test to check the health of the cells of the cervix (the entrance to the womb). Parents should speak with their children's health care provider about the HPV vaccine at the 11-to 12-year-old well child visit.
Jan 26 2018
'Don't worry': Trump lays out path to citizenship for Dreamers
Addressing the status of the Dreamers' parents, who brought them into America illegally, would be "tricky", Mr Trump said . This includes widespread bipartisan support for Dreamers.
Jan 25 2018
Stripe ends support for bitcoin payments
On Tuesday, however, product manager Tom Karlo announced that the company will be winding down support for bitcoin payments. Today, Stripe reiterated its support for a viable digital currency , but said that bitcoin just isn't cutting it.
Jan 24 2018
Last-ditch effort to end tussle fails, Karni Sena refuses to budge
All community leaders held a joint press conference and demanded to stop the movie's release. Get latest news & live updates on the go on your pc with.
Jan 23 2018
Afghan forces end Kabul hotel siege
At the time of the attack , officials from 34 provinces had gathered for a meeting organized by the Telecommunications Ministry. "The US Embassy is in close contact with Afghan authorities, who are continuing to investigate the incident", he said.
Jan 22 2018
NYC Among 20 Finalist Cities For Amazon's Second Headquarters
Amazon officials said they reviewed 238 proposals from the U.S., Canada and Mexico. Los Angeles was the only West Coast city on the list .
Jan 21 2018
Trump forced to shut down federal government
White House Budget Director Mick Mulvaney said his office is preparing for "the Schumer shutdown ". "This is the behaviour of obstructionist losers, not legislators ", the statement added.
Jan 20 2018
Steelers Name Randy Fichtner As New Offensive Coordinator
The Pittsburgh Steelers have announced that Randy Fichtner will be the team's offensive coordinator and quarterback coach in 2018. Pittsburgh is coming off a 2017-18 campaign in which the AFC North franchise ranked third in the league in total offense.
Jan 20 2018
Toronto man charged in deaths of two lacking males
Others have taken to social media to speculate on how McArthur may be connected to the disappearances of other men in the area. A homicide detective said yesterday new evidence surfaced this week that gave them a "definitive link", but did not say more.
Jan 20 2018
Facebook to Have Users Decide What Is 'High Quality' News
Facebook initially proposed fighting false stories by letting users flag them. Facebook is shaking up your news feed yet again.
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