USA crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 8.9 million barrels (MMBbl) for the week ended August 11 from the previous week, the Energy Information Administration said in its Weekly Petroleum Status Report.
Oil prices dropped below $30 per barrel past year under the dual strains of robust US crude oil production and a strategy from the Organization of Petroleum Exporting Countries to defend their market share with more oil.
Oil prices have recovered with the support of falling crude inventories in the United States following a fall of more than 1% in the previous session, though high production rates continue to restrict gains.
US crude output rose by 79,000 bpd last week to 9.5 MMbopd, the EIA reported. It ranks first in oil futures trade.
The figure released was more than double the decline expected.
ETFS GBP Daily Hedged WTI Crude Oil (FCRU.L) shares are moving today on volatility -1.06% or $-0.30 from the open.
Tropical Storm Gert strengthens in the Atlantic Ocean
There have been a few fatal accidents in years past with people being swept off rocks and jetties during high surf episodes. Kottlowski said nearly 80 percent of all tropical cyclones in the Atlantic basin form during this short time period.
Woman Says Roman Polanski 'Victimized' Her in 1973
She declined to give her last name or disclose any details about the incident, or her relationship to the film director. Years have passed and he's famous, but that does not excuse his criminal conduct of sexually victimizing minors".
Crude oil futures steadied Thursday as traders bet recent losses were overdone considering the significant drop in U.S. inventories. Look to use breaks to buy calls going into next year. If the spread covers U.S. crude oil storage and transportation costs, then exports could be profitable.
Oil also saw weakness on the SPR news.
Ole Hanson, the head of commodity strategy at Saxo Bank, said in an emailed newsletter crude oil prices have lost ground since June and the possibility that crude oil prices move much higher than $50 per barrel is unlikely because OPEC is struggling to clear the oversupply. Funds from that sale will go to the National Institutes of Health, according to the Department of Energy. However, recent data showed OPEC production rose in July because of weaker compliance with the accord as well as a resurgence in output in Libya and Nigeria.
Under Section 5010 of the 21st Century Cures Act, signed on January 4, 2016, the Secretary of Energy is directed to draw down and sell a total of 25 million barrels of crude oil from the SPR, over three consecutive fiscal years (FY), beginning in FY 2017.
Worries, do we have worries. Both nations are exempt from the pact because their oil industries have been disrupted by civil unrest.
For the year-long experiment, astronauts will install the computer inside a rack in the Destiny module of the space station. SpaceX began launching in 2013-to both, the first 100 to 1,200 miles of space, and, about 22,000 miles above the earth.
The Indians improved to a season-high five games in front of the second-place Minnesota Twins, who were idle. Since the All-Star break, Stanton is slashing.302/.413/.849 with an incredible 17 home runs and 29 RBI.
According to PETA , 6 million dogs and cats are abandoned at shelters each year, with half of them euthanized within months. The Direwolves have featured since season 1 of the series but are fictional creatures created by author George R.
The first successful recovery occurred in late December of 2015, a testament to the exceptional speed the company moves at. Because of the toll taken on equipment , and due to the lack of space, most heavy computing work is done on Earth.
She regularly speaks at rallies in Zimbabwe and is seen as a possible contender to take over from her increasingly frail husband. The NFP said it had noted with "serious disappointment the alleged savagely cruel act of Zimbabwe's First Lady Grace Mugabe ".
These "S-buds" may be bundled with the Note8 but would also be available for seperate purchase to use with the Galaxy S8 devices. Around 10,000 batteries are being recalled and the commission urges those with the phones to stop using them and turn them off.
In addition to his four victories on the year, Thomas has nine top 10 and 11 top 25 finishes on the year. Thomas was looking at a 6-foot par to stay at 8 under. "I can feel my left rhomboid going into spasm".
Serena Williams may be close to being a first-time mother, but that isn't stopping her from making plans to win more Grand Slams . I'm not walking anything back, but I'm just saying it's pretty intense", Sport24 quoted the 36-year-old as saying.
Here's Where You Can Catch the Solar Eclipse in Chicago
If you're planning to view the solar eclipse, you might want to plan a visit to the Faulkner Planetarium before the big event. If you have special eclipse shades, or number 14 welder's glass, you will be able to look at the sun during the eclipse.
Tom Cruise Broke His Ankle ... In 'M:I6' Stunt Gone Wrong
This happened when he jumped from one rooftop in London on August 13 on the set of the sixth installment of Mission: Impossible . Media reports in the USA today confirmed filming on the movie will stop for up to nine weeks while Cruise recovers.
US still keen on dialogue with N. Korea
He does, however, send ritual offerings on August 15th and during the shrine's twice yearly festivals. Kono said that the Abe administration had made empty promises in election campaigns.
We Happy Few has a release date
In other We Happy Few news, the alpha build that's already out is receiving a major update today dubbed Life in Technicolour . The game will remain Xbox Play Anywhere across Windows 10 and Xbox One , and it will also hit Steam and PlayStation 4 (PS4).
Special Session Wrapup: Abbott falls short on 20-item agenda
It was a disappointing end for Abbott's No. 1 issue, but the governor appeared pleased with the results of the special session. The House's abrupt adjournment came after days of hard negotiations with the Senate on school finance and property tax bills.
What is Amazon Instant Pickup and how does it work?
A staff member at your local pickup center will put your ordered items in a locker within that two minute time frame. Although, according to Reuters , Instant Pickup prices may be occasionally priced lower than regular Amazon orders.
U.S. slams foes, allies alike in religious freedom report
Summarising the report, the secretary of state noted various instances of religious freedom coming under threat across the world. Secretary of State Rex Tillerson said Islamic State "is clearly responsible for genocide. and crimes against humanity".
ESPN apologizes for fantasy football 'auction' segment
ESPN is under fire for spoofing fantasy football in a sketch as an live auction, which some were reminded of slavery. Others on social media noted that white National Football League players were also part of the bidding.
'GoT' episode accidentally aired in Spain
It wasn't, in the end, the hackers who gave the episode away, it was HBO itself, or at least a vendor who worked with the company. The penultimate episode of Game of Thrones season 7 may not have a title yet, but a good chunk of fans have already seen it.