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.
Big Surprises From This Year's Oscar Nominations
This year's Academy Awards ceremony , the 90th year that the awards have been presented, will be broadcast on ABC on March 4. Summit native Meryl Streep continues to break her own record - this is her 21 nomination - and she's in good company here.
Blast reported near Save the Children aid group office in Afghanistan
Local TV footage showed a huge plume of thick black smoke rising from the compound and at least one vehicle on fire. The incident comes just days after assailants stormed the Intercontinental Hotel in the capital of Kabul.
India drop hints at Rahane return in 3rd Test
In tough conditions like this where there isn't much between the two teams, you can not afford to give away wickets like that. MS Dhoni said, "If you can take 20 wickets then you can win the test irrespective of where you play, at home or outside".
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 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 26 2018
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.
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
Venezuelan President will run for re-election in 2018
The opposition is divided by different criteria that have emerged in recent months on way forward to deal with government. Its most popular leaders are nearly all sidelined from politics - jailed, in exile, or barred from holding office.
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
You might want to disable Instagram's Activity Status feature
The feature should be live for anyone using app version 25 or later - so you probably have it if you've updated Instagram in 2018. Instagram is following in the footsteps of Facebook Messenger and WhatsApp, by introducing the "last seen" status.
Jan 22 2018
McDonald to succeed Adams as Sinn Fein leader
The change represents a major shift for Sinn Fein , so closely associated with Adams' leadership, which started in November 1983. Mr Adams had earlier said that a united Ireland was not a pipe dream, adding: It is very achievable - we can do it.
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
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.
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