Oil ticks up after three-day decline, Russian output cuts stall
Brent futures ended the session $1.28, or 2.3 percent, lower at $55.08 per barrel and US crude settled down $1.22, or 2.3 percent, at $52.61. OPEC member nations cut production by 1 million barrels-per-day, against a pledge of 1.1 million barrels-per-day, equating 94-percent compliance. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.09 to trade at $55.17.
The Philippines' PNOC has also recently signaled it was seeking to resume crude oil imports from Iran. The EIA report contained few surprises.
Gasoline stocks fell by 546,000 barrels, compared with analysts' expectations in a Reuters poll for a drop of 1.8 million barrels. A year ago at this time, a gallon of regular gasoline cost $1.759 on average in the United States. Shipments from the southern Iraqi port of Basra grew by 10 percent, while sales by the Kurdish Regional Government in the north of the country were up 13 percent. In other energy futures, heating oil was 0.3% higher at $1.07 per gallon while natural gas was 0.7% higher at $1.61 British thermal units.
Practically Perfect! First Look at Emily Blunt in Disney's MARY POPPINS RETURNS
It'll be tough to beat Julie Andrews' portrayal of the iconic nanny, but if anyone is going to come close, it's Emily Blunt . It's being directed and produced by Oscar-nominee, Emmy and DGA Award victor Rob Marshall ( Into the Woods , Chicago ).
Prices, however, stayed on track to register a loss for the week, fueled by rising USA crude production, record domestic supplies and strength in the dollar.
"If compliance is high by OPEC and non-OPEC, then I think prices will reach $60", said an OPEC delegate.
Zangeneh further announced that the Iranian Ministry of Petroleum is bent on raising export of petroleum products, adding gasoil and petrol will be the only main liquids consumed in Iran's energy mix by next year.
Paul Ryan draft bill repealing Obamacare a step in right direction
Many conservatives oppose a proposed tax credit that would be even for people who owe no taxes and is based on age, not income. It was unclear what was in the draft bill or whether it was still in the room when Paul got there.
A speech by U.S. President Donald Trump late on Tuesday gave little detail on plans by his administration to boost U.S. oil production.
With time-spreads tightening, S&P Dow Jones Indices said Friday that passive funds tracking the S&P GSCI Enhanced Commodity Index must now sell December 2017 Brent futures and buy June 2017 Brent futures after abackwardation rule in the index was triggered.
That can boost Iran's already increasing oil exports as ongoing United States sanctions had created hurdles on the availability of ships to carry Iranian barrels.
'Sarkar 3' trailer out: Betrayer Yami Gautam challenges Amitabh Bachchan (the Sarkar)
Amit Sadh, Manoj Bajpayee, Yami Gautam, Amitabh Bachchan and Jackie Shroff have found area in the official poster of the movie. While Sarkar series goes as back to back hit, Nishabd receiving moderate views, while the third one was box office disaster.
Contango is the industry vernacular for the condition whereby prices for nearby delivery are lower than prices for future-month delivery.
Mexican politician climbs border fence to show Trump's wall is 'absurd'
Trump initially said he wanted to wall off the entire border, but has since said that 1,000 miles may do. Guerra's stunt comes amid rising tensions between Mexico and the United States.
The Russian hacking saga
The role previously under the Obama administration had been included and granted access to meetings. But the congressional Republicans leading the investigation have already declared their partiality.
Jackie Evancho's transgender sister wins first step in school bathroom lawsuit
This " Dear Colleague " memo to staff was addressed to school districts and colleges that receive federal funding. Jackie Evancho, left, and her sister Juliet have spoken out in favor of transgender rights.
French candidates canvass for votes from despairing farmers
French presidential candidate Francois Fillon will remain in the race despite announcing that he is under formal investigation. After a new assessment of terrorist threats, Hollande said security will be heightened at campaign events and voting stations.
ABC confirms DWTS Season 24 cast and pairings
She had a strong run last season with race vehicle driver James Hinchcliffe, who placed second to Hernandez. Chris Kattan and Witney Carson - As a Saturday Night Live fiend, we're thrilled that he's there.
NASA may put astronauts on deep space test flight
The SLS and Orion missions will help put the agency in a position to unlock the mysteries of space. NASA managers determined that the latter option is more pragmatic than the former.
Kansas shooting: Indian survivor reveals gunman asked him about their visas
A Kansas man is in custody after he allegedly shot two Indian men at a bar on Wednesday, killing one and injuring the other. Olathe police identified the deceased victim as 32-year-old Srinivas Kuchibhotla.
Dylann Roof Went to Second Church After Massacre, Records Show
Roof, 22, was sentenced to death last month in a federal trial for the 2015 massacre in Charleston, South Carolina. The documents contradicted defense arguments that there was no evidence suggesting a second church attack.
Franck Kessie: "I dream of Manchester United"
But their task is likely to be a lot harder after Kessie's come and get me plea to Manchester United . Franck Kessie spent last season on loan at Cesena in Serie B.
Gibson and McDermott to Thunder for Cameron Payne and others
In order to hold onto the exceptions, the Thunder had to maneuver this deal a little differently than what's obvious. Technically, the deal was part of two trades, part of the NBA's ever-complicated economic landscape.
Mar 03 2017