Oil prices on Friday bounced up off the year's lows as some producers reduced exports and USA rig additions slowed, but the rebound was modest and crude posted its fourth weekly decline on persistent concerns about global oversupply.
US West Texas Intermediate crude futures were down 1 cent at $44.19 a barrel.
Various energy-monitoring bodies, such as the International Energy Agency, of late have projected US crude output will continue rising through next year-increases which stands to negate the bulk of the ongoing OPEC-led cuts.
Libya, exempt from the OPEC-led deal to cut supply, will boost output to 1 million barrels a day by the end of July, according to National Oil Co.
"The U.S. oil rig count continued to rise, up by 6 last week", Goldman Sachs said late on Friday.
That is closing in on a bear market, which kicks in when settlement prices fall 20 percent from their peak.
"For total non-OPEC production, we expect production to grow by 700,000 barrels per day (bbl/d) this year, but our first outlook for 2018 makes sobering reading for those producers looking to restrain supply".
With all the new rigs being added, Goldman Sachs believes that the U.S. oil production will increase by 770,000 barrels per day (bpd) in the fourth quarter of this year over the fourth quarter of the previous year, in the major shale oil fields.
As midweek nears, it's time for weekly US data to again take center stage.
US oil production has been rising quickly this year, feeding the global glut.
US energy companies added oil rigs for a record 22nd week in a row, energy services company Baker Hughes said on Friday.
The incident comes amid rising tensions between the US and Russian Federation after the USA downed a Syrian jet on Sunday. The Pentagon and Russian Federation both said that interaction was carried out in a safe and professional manner.
He added that the investigation will be reviewed by the federal monitoring team supervising the city's consent decree. According to the Seattle Times , 30-year-old Charleena Lyles called police on June 18 to report a burglary.
Rita had previously taken to Instagram to say that she had played in the tower block as a child while growing up in the area. Singer , model, and former America's Next Top Model host, Rita Ora , also shared her upset at the events.
The Queen continued: 'As a nation, we continue to reflect and pray for all those who have been directly affected by these events. Queen Elizabeth II and senior royals have marked her official birthday in the annual Trooping the Color celebration.
The Lakers secured significant salary cap relief by trading Mozgov, who had three years remaining on his $48 million contract. Mozgov was signed to a four-year, $64 million deal just weeks after he helped the Cleveland Cavaliers win the NBA Finals.
Manchester United have reportedly launched a €35m (£30.6m, $39.2m) bid to secure the services of Nelson Semedo from Benfica . Victor Lindelof has insisted that he is not bothered by his £31m transfer fee after arriving at Manchester United last week.
America's auto giant Ford company announced on Tuesday it plans to move its Focus production to China in 2019. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018.
Colorado dad and Denver-area anesthesiologist Tim Farnum has always understood the intrigue of modern technology. The group has the backing of several state officials who have now prepared it for a proposed ballot measure.
The Twitter attacks came as vice president Mike Pence hired a personal lawyer to represent him in the intensifying investigation. The lawyer for the president's son-in-law and close adviser said there was nothing surprising about the Post's report.
Jackson and Knicks consider trading Kristaps Porzingis
However, a potential Kristaps Porzingis trade would enable the team to draft Markkanen if available on Thursday evening. Right now, the Knicks have put Porzingis on the trade block , and Anthony has been shopped since his exit interview.
Georgia race finally heads to voters; DC watching closely
That's less than the margin of error and FiveThirtyEight's Nate Silver cautions that " Georgia 6 is a tough district to diagnose". Handel celebrated the early numbers with her supporters at an area hotel, saying she improved on her April primary performance.
Pau Gasol opts out, will re-sign with Spurs
From Gasol's standpoint, it might be in his best interest to accept less money in 2017-2018 for the benefit of a long-term deal. With the Spurs, there was more star power in Kawhi Leonard and LaMarcus Aldridge that altered his role.
Ronaldo summoned to answer judge's questions on tax fraud
The Portuguese worldwide is now in Russian Federation competing for the European champions in the Confederations Cup . He is under official investigation and will have to appear in the Pozuelo de Alarcon court No. 1 on July 31.
3 women found dead at Ohio home
In a pair of tweets , Brunswick police announced the standoff and hours later stated that Brinkman had been taken into custody . Authorities say inmates killed two prison guards during a bus transport in Georgia and are now being sought by law enforcement.
26 hurt when China Eastern flight hits turbulence
The nationalities of the injured passengers are unclear. "Many people were injured, and among them, many had not buckled up". Another passenger said there was strong turbulence twice and minor turbulence three times during the 10 minute ordeal.
Schiff says firing Mueller would echo Watergate
In Comey's testimony before the Senate on Thursday, he said the president had asked him for a pledge of loyalty. When Mueller was appointed special counsel last month, Democrats and Republicans praised the decision.
YotaPhone 3 Will Release This Year For $350
Remembering the earlier versions, the original YotaPhone and the YotaPhone 2 managed to launch with flagship chipsets. The dual-display is now making its fresh appearance with the new successor smartphone called YotaPhone 3 .
India vs Pakistan Hockey Match
India's stand-in captain, Harmanpreet Singh , who scored twice, said the players would use their sport to drive the message home. With Akashdeep Singh leading the way, the players manoeuvred deftly around Pakistani defence to score some breathtaking goals.
Shooter went to GOP baseball practice with list of names
Sava said he told Scalise's family that "I am not declaring victory until he's playing ball in his back yard with his family". The congressman underwent another surgery Saturday, and the hospital said he was more responsive and speaking with family.