Oil extends gains, on track for biggest weekly rise this year (RDSA)
Oil extends gains, on track for biggest weekly rise this year (RDSA)
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing
29 July, 2017, 00:52
Oil prices were sitting just below 8-week highs on Thursday, buoyed by hopes that a steeper-than-expected decline in US crude oil inventories will reduce global oversupply.
Royal Dutch Shell Plc extended its force majeure on exports of Nigeria's Bonny Light crude oil to cover the outage of the Trans Niger pipeline, a statement from the company said on Friday, providing further support to Brent crude.
US oil drillers added two rigs in the most recent week, the third week of gains, raising the overall rig count to 766. The US West Texas Intermediate also increased and was sold at $48.85 Dollars a barrel.
Crude oil futures posted their biggest weekly gain of the year amid signs the global supply glut could be over within a year. WTI-Brent spread was stable on Jul-2017.
Reince Priebus out as White House chief of staff, John Kelly in
Priebus has had a diminished profile in the White House for weeks, and the president hasn't exactly expressed support for him. Priebus ally Sean Spicer left his post as White House press secretary on the same day Scaramucci's appointment was announced.
Back will keep Ravens' Flacco out at least a week
But less than 24 hours after making that comment, the Ravens ended up signing a different quarterback with ties to his brother. Ryan Mallett's ineptitude should give the Baltimore Ravens an appetite for a free-agent quarterback like Colin Kaepernick .
ClipperData LLC, the global leader in real-time tracking of crude oil and petroleum product flows, today announced a no-cost trial of its Global Crude Oil Report to help serious market participants assess crude oil supplies at what could turn out to be a turning point for the oil market.
The U.S. Department of Energy reported that commercial oil reserves in the country for the week ended July 21 fell by 7.2 million barrels, or 1.5 percent - to 483.4 million barrels. The committee did not back capping Libyan output as it said its production was unlikely to exceed 1 million bpd in the near future compared to its capacity of 1.4 million-1.6 million bpd before unrest erupted in 2011 and plunged the nation into chaos.
But despite the move to the top of crude's recent trading range, Essner and other analysts expect prices to remain stuck between $42 and $55 a barrel.
"The market will likely be paying even more attention to drilling activity in the U.S.in the coming weeks, particularly after suggestions from certain industry players that the rig count in the U.S.is slowing", ING said in a research note on Wednesday.
The National Weather Service has issued a Flash Flood Watch that covers the entire state Friday afternoon to Saturday afternoon. Sunday: Slight chance of showers in the morning and night, with winds expected to linger around 23 miles per hour .
A partial eclipse isn't as dramatic as a full eclipse, but is still worth watching, as long as you don't look directly at it. Imperial is not far at all from the path of totality , but unless residents travel, they will see only a partial eclipse.
Women can cut their odds by nearly a third, with the polyphenols from the grapes in red wine believed to help control blood sugar. However, women should steer clear of the gin because this botanical spirit increases ladies chance of getting diabetes by 83%.
Venezuela's government announced it is banning, starting Friday, all protests ahead of Sunday's vote for a special assembly. Reports we're getting from Venezuela indicate that parts of the country were, indeed, paralyzed by this strike.
The Fed's preferred measure of underlying inflation dropped to 1.4 percent in May from 1.8 percent in February. But with the Fed under no immediate pressure to act, policymakers are likely to adopt a wait-and-see posture.
E-cigarette users were more likely to succeed in quitting for at least three months than non-users - 8 per cent versus 5 per cent. To assess e-cigarette use and associated changes in population smoking cessation in the U.S., researchers analyzed data from U.S.
Investment on nonresidential structures like oil and gas wells likely provided another boost to GDP growth in the second quarter. Prices of US government debt rose after the release of the data while the dollar initially fell against a basket of currencies.
Charlie's parents still say that the baby might have been helped if the treatment had been administered earlier. Charlie will spend his final hours at the hospice before a ventilator that keeps him alive is turned off.
Powell joins Michael Giacchino and the legendary John Williams as the third composer to ever score a Star Wars film . For Ron Howard revealed Warwick Davis is to feature in the forthcoming Han Solo spin-off movie on Wednesday.
We will 'destroy' MS-13 gang
Hundreds of anti-Trump protesters waving flags and banners rallied Friday outside the community college where Trump spoke. The president said he was working with members of Congress on a series of new measures.
Baby Charlie Gard has died
Sleep tight our handsome little boy", Charlie's parents said in a statement after they gave up their fight. Both US President Donald Trump and the Pope had offered to intervene to help Charlie receive the treatment.
1 killed, several injured in knife attack in Germany
A man with a knife stabbed one person to death and wounded four others at a supermarket in Germany Friday, police said. They are not ascribing a motive to the attack now , with German media suggesting terror and robbery as possibilities.
Justin Bieber Accidentally Runs Over Photographer in LA
Messages seeking comment from Bieber's manager and attorney were not immediately returned early Thursday morning. He thinks his fans deserve and should expect the same performance at the end of the tour as in the beginning.
YouTube Red and Google Play Music are Set to Merge
This merger between the two Google owned services was brought to light today at the New Music Seminar conference in NY . YouTube Music is free and open to all, but works like regular YouTube and the music videos can't be viewed offline.
Microsoft offers rewards for Windows bugs
The Redmond, Wash. -based software giant said the Windows Bounty Program would cover all features of the Windows Insider Preview . Microsoft isn't new to bug bounty programs, having already implemented programs for Microsoft Edge and even Office Insiders .
Transgender People Can Still Serve for Now, US Military Says
He wrote transgender sailors now undergoing medical treatment would continue to receive it until an official policy is in place. Trump's rationale - that the Pentagon can't afford medical care for transgender military members - is inhumanely inaccurate.
Man says he killed wife on cruise over her laughing
Princess Cruises said a 39-year-old woman from Utah died aboard the Emerald Princess late Tuesday, following a domestic dispute. The FBI has special maritine jurisdiction to investigate crime at sea whenever a USA citizen is a victim or the assailant.
Rockies Acquire Pat Neshek From Phillies
His career numbers are just as good as his numbers this season and in his other All-Star season with the Cardinals . The 36-year-old Neshek went 3-2 with a 1.12 ERA and 45 strikeouts in 40 1/3 innings this year for Philadelphia.