Oil prices tumbled to the lowest level in seven months Wednesday, as high oil inventories continued to erode confidence in the ability of major producers to ease a global supply glut. They remained roughly 13% below, when producers led by the OPEC extended a pledge to cut manufacturing by 1.8 million bpd by an extra nine months until the end of the 1st quarter of 2018. Crude output climbed, while nationwide crude inventories fell less than predicted.
U.S. gasoline inventories rose 2.1 million barrels last week, putting them 9 percent higher than their five-year average for this time of year, according to the U.S. Energy Information Administration (EIA).
Trump Confidant: Ruddy Hurt Trump's Ability To Fire Mueller
Spicer had said that Ruddy was at the White House Monday to meet with White House aides, but did not speak with the president. Trump supporters such as Newt Gingrich and others have seemed to be greasing the wheel for the eventual ouster of Mueller.
Brent crude oil fell 30 United States cents to $46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little ground to trade at $46.80 by 7.55am GMT. A rise in United States crude oil exports could have also contributed to the fall in inventories.
Oil held losses below $45 a barrel after sliding to the lowest in seven months as US gasoline supplies unexpectedly rose for a second week.
Crude prices have fallen by more than 10 percent since late May, pulled down by an supply glut that persists despite a move led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by nearly 1.8 million barrels per day (bpd) until the end of the first quarter of 2018.
Oil prices fell on Wednesday after data showed a build in US crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output. The global benchmark crude traded at a premium of $US2.18 to August WTI. Additionally, the IEA projects that non-OPEC nations collectively will expand their output by 700,000 B/D in 2017 and 1.5 million B/D in 2018, slightly more than the forecasted growth in global demand.
Energy services company Baker Hughes said last Friday that US drillers last week added rigs for the 21st week in a row, the longest such streak on record.
OPEC said Tuesday, that output from the group rose by 336,000 barrels per day in May to 32.14m barrels per day.
"Opec 2017 year-to-date exports are only down by 300,000 barrels per day from the October 2016 baseline", analysts at AB Bernstein said.
At least 58 likely dead in London fire
Police have said it could take months to search the building and some victims might never be identified. Metropolitan Police Stuard Cundy said: "Sadly, our work will be ongoing for many, many weeks".
Arthur, a former coach of both his native South Africa and Australia, labeled Pakistan's performance that day as "shambolic". Hasan Ali bowls with a big heart. "No batsman goes out there to throw his wicket, no bowler wants to give away runs".
But just when it seemed good for the Pakistan team , Malik played a loose short off pacer Bhuvneshwar Kumar and gifted his wicket. It proved to be a costly no ball as Fakhar goes on to score his first worldwide century before falling for 114.
Fellow Special Agent David Bailey was not shot but was treated and released after suffering an injury during the incident. The congressman sustained "substantial damage" to organs and blood vessels, Sava said, and remains in intensive care.
Vice President Mike Pence also has retained a private attorney for the Russian Federation probes, according to a Pence spokesman. The White House has directed questions for details to outside legal counsel, which has not responded.
Financial Select Sector SPDR Fund (NYSE:XLF) was the recipient of unusually large options trading activity on Tuesday. Financial Select Sector SPDR Fund ( NYSE XLF ) traded down 0.11% during midday trading on Friday, hitting $24.29.
Jack Sava, director of trauma at MedStar Washington Hospital Center said at a news conference Friday afternoon. He suffered massive blood loss and was at "imminent risk of death" upon arriving at the hospital Wednesday.
The legislation still must pass the Republican-led House of Representatives and be signed by President Donald Trump to become law. The two senators who voted against the measure were Republicans Rand Paul (Ky.) and Mike Lee (Utah).
Lot of credit also goes to senior players like Hafeez bhai (Mohammed Hafeez) and a brilliant spell from Amir, said Sarfraz. Pakistan will be out for revenge while India will aim to maintain their dominance when the arch-rivals meet in the final.
That came a little over a month after he tweeted , " Robert Mueller is superb choice to be special counsel. We've had no indication of that", Sekulow added .
Fakhar, Amir sparkle as Pakistan stun India
He didn't show any nerves which Pakistan usually do against India . "Mohammad Amir is fit and he is back." says Sarfraz Ahmed. He dismissed Rohit Sharma (nought), India captain Virat Kohli (five) and Shikhar Dhawan (21) in a stunning new-ball spell.
Seminoles' meltdown in field helps LSU post 5-4 win in CWS
Coomes was 2-for-2 with a walk before being lifted for a pinch runner - Slaughter - after leading off the seventh with the walk. The Seminoles (45-22) had runners on first and second in the ninth when Zack Hess ended the game with a strikeout of Busby.
Russia Win Confed Cup Opener
Hosts Russia kicked off their Confederations Cup campaign with a comfortable Group A victory over New Zealand in St Petersburg . Mexico midfielder Carlos Vela got to the ball near the far post and sent it to the middle of the area for Chicharito's goal.
Grenfell Tower residents condemn 'invisible' estate managers
The fire broke out at the 24-storey block, which contained 120 one- and two-bedroom flats, shortly before 1 a.m. on Wednesday. The identification of the victims is proving very hard - which experts attribute to the extreme heat of the fire.
Infantino: Not time to think about future of Confed Cup
At yesterday morning's game, there were two pre-game stadium announcements warning fans against discriminatory behaviour. Russian Federation deserved its first-half lead after twice having shots stopped on the line in the opening 10 minutes.
Thomas shoots 63, trails Harman by one at US Open
With so many golfing stalwarts banished, Thomas stepped into the breach with a game as flashy as the pink trousers he wore. The Florida State product's five birdies included three, 2-putt birdies at 1, 14 and 18, contributing to 32 total putts.
Last group tees off at US Open
Harman closed with two birdies and three tough pars for a 5-under 67 that gave him a one-shot lead at 12-under 204. Fresh off his record-breaking third round, Justin Thomas is tumbling down the leaderboard at the U.S.
The Xbox One X is not the console for everyone
However, despite-or, perhaps, because of-its high price tag, the company is not making any profit from it yet, reports said. People are turning 13 or 14 years old every day, and they need their first game console, and Xbox One S is a great option".
Money In The Bank: Women's Ladder Match Odds Released
It's a melding of the real-life Titus O'Neil, who is among the most socially conscious WWE performers, and the character. So with it coming down to 'Nak and Corbin, I say Corbin if they want to give him a few months of holing the belt.