Oil dips after hitting highest since mid

03 January, 2018, 01:54 | Author: Genevieve Gibbs
  • Above pump jacks on the Bakken shale formation in North Dakota. A surprising result of the bearish energy market in 2017 US shale’s bid to take up market share by boosting production. Robyn Beck  AFP

U.S. West Texas Intermediate (WTI) crude futures traded down slightly at around $60.32 United States a barrel at 10:26 a.m. ET after hitting $60.74 USA earlier in the day, their highest since June 2015. In early trading WTI hit $60.74, the highest since June 2015. The session high of $67.29 was the highest since May 2015.

Thompson added that traders have been returning to work from the holidays, boosting volumes.

Iran's Supreme Leader on Tuesday accused the country's enemies of stirring unrest, as the death toll rose to 21 from anti-government demonstrations that began last week.

At least 12 die in plane crash in Costa Rica
Two Costa Rican crew members and 10 foreigners were on board, the ministry said. According to Costa Rican authorities, 10 of those passengers were USA citizens.

Although U.S. shale drillers are now exhibiting restraint, speculation is rising that they will put more rigs into operation next year as oil strengthens: Gene McGillian, a market research manager at Tradition Energy, pointed out that "With that partially offsetting production cuts by OPEC and Russian Federation, the market will have to get confirmation that global inventories will keep coming down".

Iran is OPEC's third largest crude producer.

Moody's believes North American exploration & production companies, after strong capital investment in 2017, will aim for profitable growth within existing oil acreage and cash flow in the new year, with improvement favouring companies with the greatest exposure to the best acreage and producers in the Permian Basin leading the way.

Steam Concurrent Users Set a New Record of 3M Online
Reduced occurrences of the issue where replays occasionally crashed back to the lobby screen. Though the patch should help smooth things out, there is more work to be done.

Brent Crude is up 17% since the beginning of the year and WTI Crude Oil finished 12% higher.

However, rising USA production, which is on the verge of breaking through 10 million bpd, has tempered the bullish outlook. If the deal holds until the end of this year, Russia's oil production growth could stall, considering its commitment to the pact. In the next part, we'll analyze the influence of oil prices on USA crude oil production. If the figure is not revised next month, it would be the highest monthly level since May 1971.

Canadian Blood Services in need of donations
About 30 percent of the supply goes to cancer patients in the region, and one in seven entering the hospital need blood. United Blood Services strives to keep a five-day supply of every blood type at all times.

Recommended:



Popular

Health warning shared as HSE confirm Aussie Flu related deaths
You can infect others beginning one day before you get sick to about five to seven days after developing symptoms. Blum pointed out that many groups who may think they should avoid the shot are mistaken.

Nike advertise Philippe Coutinho Barcelona shirts - and Liverpool fans are not happy
Nike's official website featured a strip down the middle, with the headline "Where the Magic Happens". Still, Liverpool fans were understandably incensed-and anxious .

Look! Up in the sky! It's a Supermoon!
According to NASA , January's first full moon - nicknamed a wolf moon - will take place on January 1 and it will be a supermoon. This year on Halloween, for instance, the last-quarter moon will come within less than 4 hours of perigee.

Did you spot Katrina Kaif in Shah Rukh Khan's 'Zero' title announcement?
Here's the first poster of the film. " Zero ", as the film is titled, also stars Katrina Kaif and Anushka Sharma alongside SRK. The film also stars Jacqueline Fernandez, Anil Kapoor, Bobby Deol, Daisy Shah, Pooja Hegde and Saqib Saleem.

Dangerous Cold To Start 2018
Places such as Boston are on track to break the longest stretch of below-20-degrees days in its recorded history. Sub-freezing temperatures will return Wednesday night and persist through at least Friday afternoon.

Committed to nuke dev in 2018: North Korea
But in a typically aggressive tone, KCNA said Trump should "not expect any change in its policy" heading into 2018. Mike Mullen on Sunday warned the U.S.is closer to a nuclear war with North Korea than ever before.

Supply discipline and demand to prop up oil prices in 2018
Inventories are now down by nearly 20% from their historic highs last March and well below this time a year ago or in 2015. In 2018, investors will watch whether rising prices trigger a new flood of United States output, reported Blooomberg.

Texans GM Rick Smith to take leave of absence
He and O'Brien are friends who worked together for five years with the Patriots. Smith made the announcement Sunday after spending time away from the team.

Winter Weather Advisory to go into effect at Midnight
The National Weather Service has issued a Wind Chill Advisory beginning at 6 pm Saturday and extending to noon on Tuesday . Decreasing cloud cover, becoming partly cloudy will allow for additional cooling, with lows 5 to 15 below zero.

Instagram to show 'Recommended for You' posts in Feed
Posts related to followed hashtags will appear in users' feed algorithmically, based on factors including recency and quality. The feature will allow players to view suggested posts for its users on the basis of the likes and dislikes of its users.