Oil Extends Decline as Trump Urges OPEC to Boost Production
29 March, 2019, 09:37 | Author: Gerard Cortez
Today's tweet sent oil prices downward as well, with WTI trading down $0.46 (-0.77%), and Brent down $0.52 (-0.77%) at 11:25am EST.
Immediately following Trump's tweet, United States crude oilfutures fell by more than $1 to $58.33 a barrel and Brent futures were down by more than $1 to a session low of $66.76 per barrel.
Oil prices fell on Thursday, extending losses into a second consecutive session following a surprise rise in USA crude inventories and President Donald Trump's latest tweet asking OPEC to tamp down the cost of crude.
In the week ended March 15, USA crude stockpiles dropped by 9.6 million barrels, the largest decline since July, boosted by strong export and refining demand.
Crude futures were little changed in post-settlement trade after the American Petroleum Institute, a trade organization, said USA crude inventories rose 1.9 million barrels in the latest week.
Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in USA stocks.
Globally, the West Texas Intermediate (WTI) crude oil was down by 0.45 per cent at $59.14 while the worldwide benchmark Brent too shed 0.45 per cent to $67.59 a barrel.
Oil rose almost 2 percent on Tuesday as attention centred on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining USA inventories.
Brent crude prices hit their 2019 high earlier this month and have risen more than 25 percent so far this year, according to Reuters.
Oil extended declines after President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production.
"Very important that OPEC increase the flow of Oil".
Stock markets have been volatile this year amid signs of a sharp global economic slowdown. However, the markets may not go anywhere over the near-term until a deal is reached on U.S.
Weekly figures on USA oil data from the American Petroleum Institute (API), an industry group, will be released on Tuesday, followed by the official Energy Information Administration (EIA) figures on Wednesday.
Residents of some Gulf communities have returned home, including nearly 300 people who left Groote Eylandt before Trevor hit. Veronica weakened overnight to a category two, from a category three, and will continue to head west today.
The Lakers had only missed the playoffs five times in their first 55 seasons of existence before this current drought. So when I say opportunity, I think the opportunity would have been completely different if I was still in L.A.
Various political leaders, including Muttahida Qaumi Movement-Pakistan's (MQM-P) Rabita Committee, offered the funeral prayers. They cite people pretending to point a gun at Muslim women as an example of the correlation to the New Zealand killings.
Serena's victory on Friday was her first at Hard Rock Stadium, the Miami Dolphins' home and the Miami Open's new centre court. Serena was next scheduled to play No. 18-seeded Qiang Wang , who advanced to the fourth round.
It will be the 200th meeting between the NFC North rivals since 1921, when the Bears were the Chicago Staleys. The NFL's 100th season will open with the 199th meeting between the Chicago Bears and Green Bay Packers .
According to Barr's letter, the special counsel saw "difficult issues of law and fact", without specifying what they were. On that basis, Barr and Deputy Attorney General Rod Rosenstein decided that charges against Trump were not warranted.
The move injects more uncertainty into the Brexit process with only weeks to go before a new Brexit deadline of April 12. The House of Commons has already voted in principle against leaving without a deal in any circumstances.
Although Trump picked Powell to lead the Fed , starting in February 2018, it didnt take long for him to regret his decision. None of the other members of the committee commented when contacted by Reuters about Moore's nomination.
Seeing as how Borderlands 3 doesn't yet have a release date, there's plenty of time to play through the series. If you own the original Borderlands on Steam, you'll be able to get all the new remaster content for free.
But 73 percent of Republicans said she was bad for the party, a sentiment agreed to by only 9 percent of Democrats. She also denounced the overall Republican strategy to portray climate change concerns as an issue of privilege.
Another 150 "party seats" in the lower house will be allocated under a complex proportional representation formula. Earlier counts showed that in a handful of provinces more than half the ballots cast were invalidated.
Trump administration asks USA court to scrap Obamacare
Many Democrats dismiss Barr's four-page summary as inadequate. "And I'm not going to base anything on the Barr report", said Rep. Meanwhile, House Democrats, led by Pelosi, unveiled their own sweeping measure to rescue the program on Tuesday.
Golan Heights is not Israel's: UNSC EU members
Israel captured the territory from Syria in the 1967 war after Arab armies had mobilized forces near their borders with Israel. An EU spokesperson said the bloc will not change its position regarding the Golan Heights in the wake of Trump's decision.
Oregon Blasts UC Irvine, Advances to Sweet 16
OR is on a nice run right now, following that stretch of Pac-12 play and keeping things going in a great victory over Wisconsin. But the remainder of the first half unraveled on Irvine behind a rash of turnovers and offensive rebounds yielded.
Huawei P30 & Pro release date, price & specs
At that time only the P20 Pro was equipped with the 40 MP sensor, while the P20 "only" got a 12 MP sensor for the RGB camera. Unfortunately, with the P30 Pro being very much under wraps when we saw it, the handsets weren't connected to the internet.
AFRICOM to aid Mozambique following deadly tropical storm
Congregants pray outside during a service after their church was destroyed by Cyclone Idai, in Beira , Mozambique, March 24, 2019. Last week, Mozambican President Filipe Nyusi said the number of deaths in his country could reach 1,000. "U.S.