Mar 04 2018
Brent Crude Oil price at London's IСE Stock Exchange down by 1.27% to $63.88 per barrel.
However, the oil for delivery in March contracts held steady at Rs 597 per 10 kg in 50 lots.
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but crude benchmarks were still poised for their first weekly fall in three weeks on fears US plans to impose tariffs on steel and aluminum could squeeze economic growth, and as USA crude inventories climbed. Friday's move came as stock indexes pared losses or turned higher. [FRX/] A strong dollar makes oil more expensive for buyers using other currencies.
Oil prices were marginally lower in Europe's morning trading session Friday, after three straight days of losses amid bearish cues from crude inventory data this week and lower equities following President Trump's announcement on planned U.S. steel and aluminum tariffs.
The Organization of the Petroleum Exporting Countries (OPEC) has forecast that the global oil prices will continue to remain stable in 2018. An early-week survey from commodity pricing group S&P Global Platts showed an expected gain of 2.1 million barrels of oil last week, while the American Petroleum Institute reported a gain of 933,000 barrels in USA crude oil inventories.
"Yesterday's report. has reawakened concerns that U.S. production levels will offset Opec production cuts", said McGillian. While Canadian production has continued to rise, reflecting past investments, pipeline capacity constraints have limited producers' options for moving their products to USA markets.
Chinese, US senior officials highlight cooperation to settle trade disputes
But now, given that the proposal is unlikely to be stopped, that is something that will only become clearer over time . Shades of Mugabe, I hear you thinking, although Xi commands a country around a thousand times richer than Zimbabwe.
Gold prices dip as dollar remains strong on Powell's comments
Shares of the company, which sells dental and animal health products, dropped $7.49, or 23.7 percent, to $24.09. The yearly increase in the PCE was flat at 1.7% for the third month in a row, below the Fed's 2% target.
Rain and storms tonight; a pleasant finish to the weekend
This system will likely stall out off the coast, and may even linger into Saturday due to a strong blocking high near Greenland. As of Sunday evening, there was a 50 percent chance of rain for Thursday and a 60 percent chance for Thursday night and Friday .
OPEC officials are expected to meet US shale executives next week in Houston, at the annual CERAWeek conference, presented by IHS Markit.
Fears that rising USA output could dampen global efforts to rid the market of excess supplies have systematically limited oil prices' gains recently. "A transition of the deal is needed but not yet visible, with both an over-tightening and an orderly unwinding being potential scenarios", said Norbert Rucker, head of commodity research at Swiss bank Julius Baer.
This effort was undertaken to handle the oversupply of oil that has caused the global oil prices to plummet since 2014.
Producers are sticking to the cuts and an involuntary drop in Venezuelan output has further boosted compliance.
A Reuters survey on Wednesday found OPEC production fell in February to a 10-month low.
Mar 04 2018
Avalanche at California ski resort leaves 2 injured
In a video of the rescue effort, people can be seen digging with their hands and with shovels in an effort to help the man. Around 11:50 a.m. rescuers found that three people had been partially buried, but were able to free themselves.
Mar 03 2018
Harvey Weinstein 'Casting Couch' Statue Pops Up in Hollywood
The all-gold statue features Weinstein sitting on his infamous casting couch , which is propped on top of a red carpet. Called Casting Couch , the statue was unveiled on Thursday by Los Angeles-based street artist Plastic Jesus.
Mar 01 2018
Iraq court sentences 16 Turkish women to death for joining IS
Under Iraq's anti-terror law, anyone found guilty of joining IS can be handed the death penalty, including non-combatants. One of them told the judge she had taken part in fighting against Iraqi forces alongside the jihadists, he said.
Feb 25 2018
Allu Arjun imitates Priya Prakash Varrier's wink in the most adorable manner
The actress is now busy with the shoot of Oru Adaar love film in Tamil which will be ready for release soon. Actor Allu Arjun and Allu Ayaan recreate Priya Prakash Varrier's bullet kiss Scene and it is adorable.
Feb 25 2018
At least 13 injured after 'explosion' on board ferry at Mexico resort
Some of the injuries also included minor cuts and those affected in the incident were taken to a hospital for treatment. The blast has left one side of the ferry, which belongs to the Barcos Caribe company, completely destroyed.
Feb 25 2018
We are turning TAPI into reality: PM Abbasi
Ghani described the project as a "corridor of development" and stressed on regional cooperation. The Prime Minister also congratulated the ADB for its role in making the project a reality.
Feb 24 2018
Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office
She wore a Trump hat and scarf, and brought a small Trump figurine for posing for photos with conservative media personalities. President Trump also used the speech to renew his call for Congress to pass a bill funding a wall along the U-S/Mexico border.
Feb 24 2018
Walmart's online sales growth slips, rattling investors
Stockholders of record on Friday, August 10th will be paid a dividend of 0.52 per share by the retailer on Tuesday, September 4th. You can see how shares began their drop and steady decline once the earnings were announced hours before the market opened.
Feb 24 2018
Celtic lacked real courage, says Rodgers
Russian website Sport Express Ru have rated the Celtic players for last night's defeat to Zenit St Petersburg, and it doesn't look pretty for the SPL side.
Feb 23 2018
LBPD Arrests Student At Wilson High For Alleged Threats
The public is asked to follow the protocol of "See Something, Say Something" when witnessing or hearing suspicious activity. The incident follows that of a similar threat made earlier Thursday by a 15-year-old freshman at Millikan High School.
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Mar 03 2018WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
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Feb 24 2018Russian Figure Skaters Take Gold, Silver Medals at Winter Olympics
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