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.
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.
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.
The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas . Concerns over relatively subdued client demand and government policy changes dampened confidence.
A message posted on her Twitter account said she had brain damage "from lack of oxygen while in cardiac arrest". We send our heartfelt prayers and condolences to her friends and family during this time .
Likewise, Petersen is reticent to bring up the 2007 Fiesta Bowl , when his Boise State team defeated Oklahoma 43-42 in overtime. The Huskies enter as the fifth best team in total defense (tops in the Pac-12), allowing just 277 yards per game .
The Bharatiya Janata Party ousted the ruling Congress in Himachal Pradesh after bagging 44 seats in the 68-member assembly. Earlier, a video went viral in which Asha Kumari slapped a woman cop who reverted to her with another slap.
The Sensex clocked its best performance in recent years in 2017, rising by 7,430.37, or 27.91 per cent year-on-year. Asian markets were firm, with MSCI's broadest index of Asia-Pacific shares outside Japan inching up 0.3 per cent.
Tedesco vowed that the police would do all it could to solve the crime. "Right now our job is to bring this person to justice". WHY! Symes says Myers' older son has been living with her for about two months. "Our hearts are shattered".
One more militant has been killed, they said adding but bodies of only two militants have so far been recovered. The heavily-armed men hurled grenades and opened fire, trying to enter the training camp located in Awantipora.
Adults and children fled from the three stories of apartments above, including a man who ran outside with no shirt and no shoes. The 23 civilians - including nine children - and a firefighter were rushed to hospitals after the 7-alarm blaze, Nigro said.
The Raiders are believed to be on the verge of hiring Jon Gruden, their coach from 1998-2001, as Del Rio's replacement. They went just 2-6 on the road, unable to capitalize on a season in which they won their first two contests.
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.
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.
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.