Jan 10 2018
U.S. West Texas Intermediate (WTI) crude futures had risen to US$61.67 a barrel by 9:22 a.m. ET, 23 cents USA above their last settlement. Brent hit $68.27 high last week, the highest since May 2015.
Unrest in Iran, OPEC's third-largest producer, has lent support to prices this year although output and exports have not been affected. Reinstating economic sanctions could limit Iran's oil exports.
Mr. Trump's decision comes on the heels of antigovernment protests in Iran last week, which also boosted the price of crude.
Supply reports this week from industry group the American Petroleum Institute and the US government's Energy Information Administration are expected to show USA crude stocks fell 3.9 million barrels, an eighth week of decline.
"The fact that the crude benchmarks are establishing highest levels since spring of 2015 on very little fresh fundamental input continues to suggest a strong market underpinning", said Jim Ritterbusch, president of Ritterbusch & Associates, in a Tuesday note.
A key U.S. government report on Wednesday is expected to show crude stockpiles dropped for an eighth straight week.
"We expect oil demand growth to outpace non-OPEC supply growth in both 2018 and 2019", analysts stated.
Oil Prices Hit Three-Year Highs on Growth, Geopolitics
On Tuesday, the price of oil climbed higher reaching its highest level seen since May 2015, propped up by OPEC-led production cuts and the belief that US crude inventories have fell the eighth week in a row.
"Production cuts and demand are continuing to rebalance the market".
The agreement, which was implemented at the start of 2017, was meant to rein in the global supply glut and raise prices.
US oil and gas production will continue to increase in 2019 as well, to the chagrin of OPEC and Russia-major exporters looking to curb production and reduce competition from American shippers.
In its Short-Term Energy Outlook, released Tuesday, the agency said it expects USA production to break above 11 million barrels per day in November 2019.
Despite this, US production is expected soon to rise above 10 million barrels per day, largely thanks to soaring output from shale drillers.
Futures advanced 0.5 percent on Monday, settling near $62 a barrel in NY.
Pink will sing national anthem at Super Bowl
Super Bowl 51's performers included Luke Bryan singing the national anthem and Lady Gaga providing the halftime entertainment. The NFL announced Monday that power pop princess P!NK will sing the anthem live on NBC prior to the big game.
KMart closing in Rutland in early April
As the rise of e-commerce spearheaded by Amazon and Walmart continues, businesses like Sears Holdings aren't keeping up. Sears Canada filed for bankruptcy previous year , and is in the process of shuttering its business entirely.
Chelsea 'on brink of signing Ross Barkley from Everton'
Barkley's exit will bring an end to his association with Everton , the club he joined as an 11-year-old and represented more than 150 times.
Jan 09 2018
Firefighters respond to blaze at Trump Tower
A New York Fire Department spokesperson explained: "We had one minor injury to a firefighter - some debris fell on him. Fire trucks could be seen outside of the building just after 7 a.m.as smoke wafted off the roof.
Jan 08 2018
Trump postpones his 'fake news' awards
On January 2, the United States president tweeted to say he would be announcing "the most dishonest and corrupt media awards of the year".
Jan 07 2018
President Trump Signs Order Disbanding Voter Fraud Commission
Jon Husted has said voter fraud does exist in OH , but it's rare. The email's subject line was "Dissolution of the Commission". Undoubtedly, this is the case in most other states.
Jan 07 2018
Coutinho to join Barcelona from Liverpool in deal worth $192 million
The playmaker will sign a five-and-half year deal at the Nou Camp and will have a buyout clause of 400m euros (£355m). Mahrez has been valued at £50m, some way short of the £133m Barcelona are reportedly willing to pay for Coutinho.
Jan 02 2018
Six days of Iran protests: 20 dead, 450 arrested
The latest demonstrations came despite President Hassan Rouhani's vow that the nation would deal with "rioters and lawbreakers". Iran's state media reported the 9 deaths overnight Monday, 10 on Sunday, and two on Saturday.
Jan 02 2018
Teenager murders family members on New Year's Eve
The prosecutor said the teenager's grandfather and brother were not targeted and left the home unharmed, according to The A.P. He's expected to make a court appearance on January 2.
Dec 31 2017
Liverpool Prospect Reveals The Disgusting Racist Abuse He Suffered This Year
I really can't believe that people have these kind of thoughts still in their minds, it's so odd in this world that it happens. He has our full support and we will continue to push for appropriate responses from the relevant authorities.
Dec 31 2017
Arrest after police shoot man dead responding to hoax 'swatting' call
Swatting dates back to at least the early 2000s, and the Federal Bureau of Investigation first warned the public about it in 2008. Some swatters use a teletypewriter (TTY) relay - a phone system created for people who are deaf - to place 911 calls.
Dec 30 2017
'Tiger Zinda Hai' gives tough competition to 'Baahubali 2' on Box Office
The film has crossed Golmaal Again business of Rs 206 crore net approx in the first seven days itself. The movie, which is a sequel to Kabir Khan's Ek Tha Tiger , was released on 4500 screens in India.
Dec 30 2017
County Unemployment Rates Remain Low Across Tennessee
In November there were 18,945 online job openings in Idaho compared with 22,215 in November 2016. The states labor force increased by 7,227 (just under 1 percent) from October to 835,890.
Jan 10 2018Paul Ryan says bipartisan talks are ongoing to address DACA
Jan 09 2018Billionaire Democrat, Tom Steyer to oust Trump, Republicans
Jan 09 2018Senior Egyptian Intelligence Officer Asks TV Hosts to Accept US Jerusalem Announcement
Jan 09 2018American Red Cross makes urgent request for blood and platelet donations
Jan 09 2018Ally Sheedy calls out Golden Globes for James Franco win
Jan 08 2018Unhappy Farmers Dump Potatoes Outside CM Adityanath's Residence, Police To Take Action
Jan 07 2018John Young, US astronaut and pioneer, dies aged 87
Jan 06 2018'Jeopardy!' On Hiatus As Alex Trebek Recovers From Brain Surgery
Jan 05 2018Justin Timberlake Drops "Filthy" Video, Channels Steve Jobs
Jan 01 2018Man Arrested With Guns, Ammo in Houston Hotel Room
Jan 10 2018Ibuprofen May Affect Men's Sexual Health, Study Finds
Jan 09 2018Princess Charlotte Looks So Big In New Nursery School Photos
Jan 09 2018GoPro Cuts Hundreds of Jobs, Stock Falls 25 Percent
Jan 09 2018Google faces racial discrimination lawsuit from fired engineer
Jan 08 2018Transport workers in TN reject Madras HC direction to call off strike
Jan 07 2018Jammu and Kashmir: Four policemen killed in IED blast at Sopore
Jan 06 2018LG Introduces Compact 4K Projector That Can Create 150-inch Screen
Jan 06 2018My Next Guest Needs No Introduction With David Letterman | Trailer [HD] | Netflix
Jan 05 2018Apple: Mac And iOS Vulnerable To Meltdown And Spectre Flaws
Jan 02 2018Assam's first draft of NRC identifies 1.9 crore as Indian citizens
Jan 01 2018Final observations: Cowboys 6, Eagles 0
Dec 31 2017Snow Showers Falling, Will Spread Eastward as Afternoon Goes on