Oil prices rose on Thursday, helped by gains in USA equities markets and Saudi Arabia's unexpected hike in crude prices, though crude's advance was curbed by strength in the dollar.
At 1005 GMT, ICE June Brent crude futures were at $67.92/b, up a touch from Monday's $67.64/b settle, while the NYMEX May light sweet crude contract was at $63.27/b, against Monday's $63.01/b settle. Prices erased most of their losses on Wednesday after data showed supplies stored in US tanks shrank the most since January, in contrast to a forecast for a 2 million-barrel gain.
Oil prices steadied on Thursday as an easing of trade tensions between the USA and China and a surprise draw in U.S. crude inventories last week supported the market.
The oil price drop came even as the American Petroleum Institute, an industry group, said late Tuesday that US crude inventories fell by 3.3 million barrels last week.
Backpage.com Seized For Allegedly Enabling Sex Trafficking
Department of Justice's Child Exploitation and Obscenity Section, and several other federal departments had seized the site. Last year, the website blamed years of pressure from the USA government as the reason it shut down its adult ads category.
The trade spat between the U.S. and China has also been escalating, with China replying with tariffs on some US$50 billions of USA imports after the White House announced more tariffs on Chinese products last week; the potential trade war has been rattling financial markets, especially in Asia.
Brent crude futures fell $1.23 on the day to $66.89 a barrel by 0918 GMT, bringing losses for the week so far to almost 5 percent.
Crude oil prices lacked clear direction in early Thursday trading as markets balanced between declining US inventories and potential trade war fears.
West Texas Intermediate for May delivery was at $62.38 a barrel on the New York Mercantile Exchange, down $1.13, at 11 a.m.in London, after rising 50 cents on Tuesday. Prices slipped 10 cents, or 0.2 percent, to $68.02 Wednesday.
USA crude production hit a new high, but that was not enough to change the overall bullishness of the report, said Baruch.
According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, of the week ending March 30, decreased by 4.6 million barrels from the previous week.
OPEC and non-OPEC producers are still committed to cut output by 1.8M barrels per day this year.
The decline in United States stockpiles has boosted optimism that surging shale output may not thwart Opec's efforts to drain a glut.
Possible severe storms, much colder Friday into Saturday
Also, even once the main line of storms moves through we could still have the chance for overrunning showers Saturday afternoon. A comfortably cool April night is on tap for Alabama, temperatures will drop into the mid and upper 40s by sunrise Thursday.
Police say they have not yet established the identity of the driver, but they are not looking for more suspects. The attack happened on late Saturday afternoon when the vehicle plowed into people in the city's downtown area.
They would look into whether legal procedures were followed correctly and whether his constitutional rights were breached. The judgement represents the latest setback in the stunning fall-from-grace of one of Brazil's most loved politicians.
Liverpool have taken a 3-0 lead in their Champions League first-leg quarter-final against Manchester City at Anfield. Oxlade-Chamberlain and company will next take on Everton in the Merseyside derby on Saturday.
Alexa works alongside traditional policing methods to inform the public about the important issues in their neighbourhoods. Unlike Groups, which just controls multiple bulbs, plugs and other devices in one go, Routines offers much finer control.
After Cunningham's disappearance, police offered $10,000 as a reward for any clues regarding Cunningham's whereabouts. Jan Gorniak told reporters . "We may never be able to tell you how he got into the river", said a police spokesman.
The leader was, however, conspicuous by her absence at the court since she boycotted the trial accusing to be biased against her. Apparently this was as a result of a scandal that exposed webs of corruption between political leaders and the country bigwigs.
As it always is in life, if you have to have the skills you have to show that constantly and consistently, and he is very good. Goals from Mohamed Salah , Alex Oxlade-Chamberlain and Sadio Mane ensured that they prevented City from scoring an away goal.
A mix-up between Chiellini and Buffon saw substitute Lucas Vazquez denied by a flying recovery save from the goalkeeper. After the game, the five-time Ballon d'Or victor conceded: "It was probably the best goal of my career".
Cheering crowd greets Jacob Zuma at court hearing
He faces one count of racketeering, two counts of corruption, one count of money laundering and 12 counts of fraud. He believed Zuma's chances of appeal had "zero chance of success" and amounted to an abuse of legal process.
Two Charged in String of Armed Winnipeg Robberies
He is accused of trying to rob the Close Knit yarn and crafts store in the 1600 block of Orrington Avenue on January 22. She said Williston police were not releasing details of what was stolen because the case was still under investigation.
Frosh Signs On To Census Citizenship Lawsuit
In Virginia, immigrants account for around 12 percent of the population and 300,000 are undocumented. Conference of Mayors and comes a week after California sued the administration over the same issue.
McGregor involved in backstage melee ahead of UFC 223
UFC president Dana White later told ESPN's Brett Okamoto that there is a warrant out for McGregor's arrest following the incident. He described the incident as "a real bad career move" and speculated that McGregor would be facing a lawsuit.
Future iPhones to Feature Curved Displays, Touchless Controls
As stated, both features are in early stages of development and it will be a couple of years before they see the light of day. The phone, which, according to Bloomberg , is expected to take at least two years to arrive, will feature a curved display.