United States gasoline inventories shrank last week to a level not seen since November 2015 and distillate stockpiles slid by the most since 2011, the Energy Information Administration said. The report showed that US crude supplies climbed by 1.4 million barrels for the week-ended September 15.
Futures jumped 1.9 per cent in NY. "The report shows that we're recovering from the hurricane", Rob Haworth, who helps oversee $US142 billion at US Bank Wealth Management in Seattle, said by telephone.
"OPEC will have no choice but to consider extending the production cuts beyond March 2018", according to analysts at Commerzbank. Refinery utilization rates rose by 5.5 percentage points.
XAutoplay: On | OffIraqi Oil Minister Jabbar al-Luaibi said Iraq and Ecuador think there should be another 1% cut in production and hinted that others want the cut extended.
"API yesterday sprung a bit of surprise when only showing a small build in crude stocks and a bigger-than-expected drop in fuel stocks", said Ole Hansen, head of commodity strategy at Saxo Bank A/S. "WTI is seeing resistance at $50 because of increased hedging activity from USA producers above that level, which is viewed as a comfortable break-even price for many producers".
The West Texas Intermediate for October delivery increased 0.93 USA dollar to settle at 50.41 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery added 1.15 dollars to close at 56.29 dollars a barrel on the London ICE Futures Exchange. Total volume traded was about 2% below the 100-day average.
Nov. WTI added 79 cents, or 1.6%, to settle at $50.69/bbl.
Although the front-month gasoline futures contract that expires next week settled little changed at $US1.6551 a gallon, later-dated contracts including the more-heavily traded November futures rose.
Despite major Middle Eastern oil producers insisting that they are reducing supplies in a bid to support oil prices, an excess supply is still expected to put a dampener on the market.
It said Tuesday two people were wounded and two vehicles destroyed in the incident during the Zapad (West) 2017 maneuvers. Russia's military exercises were displayed in terrifying detail in a series of shock photos released today.
It occurs in aftermath of a visit of iraqi prime minister, Haider Al-Abadi, in province of Dhi Qar, in particular, to Nasiriyya. In Iraq, at least 50 people including Iranians were killed today in twin gun and auto bomb attacks in southern Iraq.
The hurricane center's forecast track shows Jose making a slow loop in the Atlantic through the next five days. Hurricane Irma brought widespread destruction in Florida, with Florida Keys being the worst affected area.
President Donald Trump and Japan's Prime Minister Shinzo Abe on Saturday, the French president's office said, Reuters reported . He said: "The forthcoming measures by DPRK will make the U.S. suffer the greatest pain it ever experienced in its history".
Reports said the Pakistani troops resorted to unprovoked shelling and firing from midnight which continued till 6:45 am. They said that a bullet hit Bahadur on the left side of his abdomen and succumbed to injuries on the way to hospital.
The policy "promotes cooperation between local law enforcement and immigrant communities", Chicago said in its complaint. At least seven cities and counties, as well as the State of California, have refused to follow the new federal rules .
It also called on the regional government "to seize this opportunity and to enter into serious negotiations with Baghdad ". The governor of Kirkuk was sacked by the federal parliament earlier this week over his support for a referendum.
Although ineffective running the football, Johnson was having a solid performance as a receiver with six catches for 68 yards. While he didn't give a timetable for Johnson, Arians says Logan is expected to be sidelined eight to 12 weeks.
Apple iOS 11: Features you need to know about
Apple said at the launch of the new iPhones that the latest software update will be available today (Tuesday, September 19). Apple Maps has introduced indoor mapping for a range of places, such as Heathrow Airport and shopping centres worldwide.
Is A Quarterback Change Coming For The San Francisco 49ers
FAST FACTS: 49ers QB Brian Hoyer will make his first visit to Seattle as an National Football League starting quarterback Sunday. The offensive line did nothing against Green Bay other than raise fears that it could again be the weakest link on the team.
Rest In Peace Legendary Actor Harry Dean Stanton
At that time, Nicolas Cage shared his thoughts about Stanton after they starred in " Wild at Heart ". Since 2011, the Kentucky city of Lexington each year has hosted a Harry Dean Stanton Festival.
Canelo Matches Golovkin As Both Weigh In At 160lbs
Here are some Facebook Live links for Golovkin versus Canelo Alvarez: Facebook Live Stream 1 . "But it is not an obsession". While tenaciously walking down opponents, Golovkin also demonstrates great technical skills and punching accuracy.
DHS banned Kaspersky software from all government systems
Kaspersky Lab maintains that " all accusations brought against us are baseless ", the company said in a statement quoted by TASS. Darin LaHood (R-Ill.), chairman of the subcommittee on oversight, wrote in the letter to Kaspersky.
Fire kills 25 at Malaysian boarding school
Other leaders who came to HKL to visit the families were Deputy Prime Minister Ahmad Zahid Hamidi, ministers Dr S. The pre-dawn fire this morning at the religious school resulted in the deaths of 24 people, mostly students.
IPL experience gives Aussies edge: Clarke
The Kangaroos recently drew the Test series in Bangladesh and are coming with sub-continental conditions experience behind them. Don't go by the dictionary meaning of rested. "If only he can get a bit more consistent with the bowling", he said.
Pippa Middleton Is 'Regularly' Visiting Pregnant Duchess Kate
The Duke and Duchess of Cambridge released the news via their office at Kensington Palace but did not say when the baby was due. With the arrival of the new baby, Prince Harry will then drop to sixth in line to the throne, and the baby will be the fifth.