US West Texas Intermediate (WTI) crude oil futures pushed through $56 per barrel for the first time this year, hitting $56.13 a barrel before edging back to $56.02 a barrel by 0112 GMT, still up 0.8 per cent from their last settlement.
Some analysts said the continued rise in USA oil production could act as a drag on the current rally.
Oil prices rose to their highest levels since November past year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. Brent earlier climbed to its highest since November 2018 at $66.78 a barrel.
On Monday, Bank of America Merrill Lynch said in a note that considering the economic outlook and supply and demand balances, the bank said it expects Brent prices to average between $50 and $70 per barrel, "anchored around $60". "China trade talks", said Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas.
Oil has risen almost 25 percent so far this year and is on course for its strongest first-quarter performance since 2011, thanks largely to a commitment by the Organization of the Petroleum Exporting Countries and allies to cut output.
Traders in financial markets are hopeful the United States and China would soon resolve their trade disputes.
India's crude oil imports from the USA during the April- December period of 2018 increased 294 per cent to 4.58 MT, as compared to 1.16 MT imported in the same period in 2017, according to information available on Directorate General of Commercial Intelligence and Statistics (DGCIS). Bigger-than-expected cuts from OPEC and its de facto leader and largest producer Saudi Arabia helped push prices up.
International Olympic Committee buys some eight million tons a year of Nigerian crude, most of it from spot markets where prices are subject to extreme volatilities but in 2016 Oil Minister Dharmendra Pradhan said Nigeria had agreed to increase the term contract.
USA sanctions against OPEC members Iran and Venezuela have also tightened the market. Venezuela has sent its oil minister, Manuel Quevedo, to India to convince refiners to double their oil purchases.
The pair broke up a week before she was murdered. "I was praying her family would have her back", neighbor Brenda DeGiacomo said. After she vanished, her family hired a private investigator to look for her. "My daughter was a good soul", she said.
This circular hole backs up rumors that the Galaxy S10 Plus is getting an in-screen fingerprint sensor underneath the glass. The latest leaked images of the Galaxy S10 , spotted by Samsung-centric blog SamMobile , originate from Saudi Arabia.
But it's also a reminder that a lot of free-to-play games, when treated in a certain way, absolutely aren't free, at all. Now, I'm sure you're wondering how you can get your hands on these and what part of your soul do you have to sell.
At a press conference Monday, organizers called the summit a "turning point" in the church's approach to clergy sex abuse. Two people who said they were abused by a local priest have said they felt DiNardo didn't do enough to stop the priest.
Samsung has also prioritized the security for the users as the Galaxy M10 comes with face recognition unlock feature. There'll either be a 230 mAh or 236 mAh battery and there's expected to be an LTE version of the Active, too.
On Monday's operation, the Corps Commander said it was the result of complete synergy between the Army, state police and the CRPF. Some on Indian social media have been offering their homes to those being targeted in response, using hashtags like #SafeHaven.
We are talking to witnesses right now and we don't believe there is anyone outstanding right now who is a danger to the community. Kent County Sheriff Michelle Lajoye-Young said that the shooting happened in Northern Kent County.
Another auto bomb attack also happened in Srinagar in March 2005 in which one civilian died and several soldiers were wounded. Prime Minister Modi can not take it lying down but Pakistan isn't going to be able to absorb any Indian action either.
Ms Begum told The Times she was nine months pregnant and had fled the fighting in Baghouz after her two other children had died. Ms Begum has already had two children since arriving in Syria, and both died in infancy. "I don't have high hopes".
Amy Klobuchar of Minnesota voted for it, as did Vermont independent Bernie Sanders, who is expected to join the field soon. The final vote was 300-128, with 213 Democrats voting in its favor and only 87 Republicans doing the same.
PM's principal secretary resigns amid SNC allegations
Trudeau again denied on Friday that he "directed" Wilson-Raybould to make any decisions when she served as attorney general. She had been demoted from justice minister last month and was furious, releasing a 2,000-word statement after that.
New! Frozen 2 Teaser Trailer Released Today
That being said, I did watch the first Frozen movie and fall in love with this story of sisters and their journey together. If Elsa were to be given a girlfriend, it would make her the first LGBTQ princess - a step towards equality from Disney .