Short Sellers Circle Oil and Gas Stocks as Crude Price Climbs
02 May, 2018, 01:35 | Author: Sheri Evans
Oil prices rose on Monday, bouncing off early losses as Israeli Prime Minister Benjamin Netanyahu said Israel had proof that "Iran lied" about its nuclear weapons capability, and that he was sure U.S. President Donald Trump would do "the right thing" in reviewing the country's nuclear deal with western powers.
The sentiment Thursday shifted from earlier in the week, when oil prices fell after Trump said the US and France could reach an agreement "fairly quickly" on the Iran nuclear deal.
Brent crude futures rose 6 cents to $74.80 a barrel, a 0.1 percent gain, by 1:11 p.m. EDT (1711 GMT).
Crude has rallied this month amid heightened geopolitical tensions and Trump's indications that he might scrap the 2015 nuclear deal with Iran.
While US defense secretary Jim Mattis said last week that there's been no decision on the nuclear deal, the nervousness around a potential breakdown in the accord is also spilling over into the physical oil market.
Twin blasts at mosque in north Nigeria kill at least 24
In Mubi, local volunteer Habu Saleh, who was involved in the rescue effort, described the aftermath of the bombing as "chaos". USA military officials in Abuja have recently questioned Nigerian tactics faced with guerilla tactics from Boko Haram.
Oil has risen 15% in the last four weeks due to expectations the US will re-impose sanctions against major oil producer and OPEC member Iran.
"Although the overall United States oil rig count rose by five, the prolific Permian region saw oil rigs decline by one", Anthony Headrick, energy market analyst and commodities futures broker at CHS Hedging LLC, said in an email.
U.S. West Texas Intermediate (WTI) futures were up 23 cents on the day at $68.33 a barrel. Prices climbed as high as $75.47 last week, levels not seen since November, 2014.
Concerns that the USA may reimpose sanctions on Iran helped underpin the markets this week as this represents a threat to supply.
While multiple June loading Nigerian cargoes had changed hands, traders said most of these were not yet promised to end users, meaning they could be re-offered.
Money managers hold record positions in Brent crude futures and options, lured in by the hefty premium of the front-month June contract over subsequent months that makes it profitable to invest in crude over the longer term.
Angola, once Africa's biggest crude producer, is suffering sharp declines at under-invested offshore fields, with output dropping nearly three times as much as the nation pledged in an accord with fellow Opec members.
Growing U.S. crude production and stockpiles have weighed on the market. USA crude stockpiles probably increased by 1.25 million barrels, according to the median estimate of analysts surveyed by Bloomberg. USA crude oil inventories rose by 2.2 million barrels (MMBbl) in the week ended April 20, to 429.74 MMBbl.
USA drillers added five oil rigs in the week to April 27, bringing the total count to 825, the highest level since March 2015, General Electric's Baker Hughes energy services firm said.
Real Madrid vs. Bayern Munich live stream info, TV channel
Cakir officiated the 2015 Champions League final between Juventus and Barcelona , when Barça claimed the title in a 3-1 victory. In that 2000/01 campaign, Ottmar Hitzfeld's side overcame Real in the last four, winning 1-0 at the Santiago Bernabeu.
However, given that the deal is not expected to be completed until autumn 2019, is it all a bit too soon for such confidence? Upon completion, two Walmart representatives would join the board as non-executive directors.
That's how you do it. "We believe he's a natural fit in our defensive system, and his abilities will allow him to flourish". ESPN said, "Witten planned to meet with owner and general manager Jerry Jones on Friday before making the move official".
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The victor of the championship " Formula 1 - Grand Prix of Azerbaijan " - was the British pilot Mercedes Lewis Hamilton . After the race, Perez, Lance Stroll and Kevin Magnussen were called to the stewards for improper use of DRS.
As a punt returner, Alexander averaged 16.2 yards on 20 returns, including a 69-yard punt return against Florida State. The Seahawks did not have a pick in the third round and "wanted more picks badly", reports ESPN's Adam Schefter.
Messer said the President deserves the award for his role in getting peace talks started between North and South Korea. The GOP congressman is pointing to Trump's work on North Korea as the impetus for promoting the nomination.
For the first time, Test Cricket will be held at the state-of-the-art Perth Stadium and Canberra's Manuka Oval. After the Test series, India will remain in Australia for three ODIs at the SCG, Adelaide Oval, and the MCG.
In 175 of the 208 cases, a different treatment should have been given when the original smear was re-read by the review team. Simon Harris , the health minister, said that the families of all those who died would be informed about the audit by today.
Oculus Go Is Up For Pre-order At Amazon
Battery life is set around 2 hours for playing games, and about 2.5 hours when you're streaming media and video content. A post on Reddit earlier today showcased a stack of the headsets ready to go at a Best Buy location in Arkansas.
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"Pick your best 20 Questions and the President will sit down with you and with his lawyer and respond to the 20 Questions". So far, four people, including Flynn, have pleaded guilty to lying to investigators in the Russian Federation inquiry.
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Vegas was first to get through, playing their final game of Round 1 nine days ago, with San Jose advancing eight days ago. Conversely, Sharks goalie Martin Jones struggled mightily before being pulled as he surrendered five goals on 13 shots.