Oil prices claw back some losses, but oversupply still weighs
"The rebalancing in US crude stocks may have got underway, but concerns about further gasoline builds are rife even as the USA summer driving season shifts up a gear", said Stephen Brennock, an analyst with PVM Oil Associates.
May West Texas Intermediate crude shed 24 cents, or 0.5%, to settle at USD52.41 a barrel.
OPEC members Saudi Arabia and Kuwait signalled that the Organization of the Petroleum Exporting Countries and other producers, including Russian Federation, would likely extend their oil output cut beyond June. The industry body American Petroleum Institute had reported an increase of 2.254 million barrels in gasoline inventories on Tuesday, setting the stage for crude's slide.
West Texas Intermediate, the USA benchmark for the price of up, was up 0.08 percent to $52.45 per barrel.
Oil edged lower after a report showed USA gasoline supplies increased for the first time in nine weeks even as crude stockpiles dropped. They settled down 53 cents at $52.65 a barrel.
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in USA crude inventories stoking hopes that a global supply overhang might slowly retreat. A surprise build in gasoline inventories despite heavier refining activity, along with an increase in US crude production, largely pushed prices lower.
Oil-market news. Oil-exporting countries are moving closer toward ending a global glut and re-balancing the market, and OPEC will decide in May whether to extend production cuts, the group's Secretary-General Mohammad Barkindo said.
The Organization of the Petroleum Exporting Countries' kingpin Saudi Arabia said the cartel is likely to reach an agreement next month to extend its production cuts.
The Energy Minister of the United Arab Emirates said he saw healthy oil demand growth this year and believed inventories would fall, but it would take more time to rebalance the market.
Geopolitical concerns have also helped underpin oil.
The petrostates behind this cut are stuck behind a rock and a hard place-the hard place being the fiscal squeeze bargain oil is placing on their governments, and the rock being US shale production.
Many U.S. sanctions against Iran were lifted in late 2015 under a nuclear deal, allowing Tehran to more than double its crude exports over 2016, adding to the global overhang.
Retail sales in the USA fell for a second straight month in March and consumer prices dropped for the first time in just over a year, official data showed on Friday.
Washington's second unit struggled mightily early in the game but pitched in to maintain the lead early in the fourth quarter. A complaint about the big, bad Wizards being too physical? The Wizards now lead the best-of-seven series, 1-0.
White House press secretary Sean Spicer again claimed on Monday that an IRS audit is keeping Trump from releasing his tax returns. In West Palm Beach, some of those marching said they'd taken part in protests nearly every weekend since Trump was sworn in.
Notes: Sens D Ben Harpur made his playoff debut, replacing Mark Borowiecki after he suffered a lower-body injury in Game 2. At the other end, Rask was fortunate when a blast by Mike Hoffman, seeking his third goal of the game, rang off the iron.
Till a few days ago, chief minister Edappadi K Palanisami and other ministers had been praising VK Sasikala and TTV Dhinakaran. He said they need not have gone public with their revolt against him and said " Had they asked me, I would have resigned".
In an analyst rating update on Monday shares of Ferrexpo PLC (LON:FXPO) had their rating reiterated by analysts at Credit Suisse. Finally, Shore Capital reissued a "hold" rating on shares of Standard Life Plc in a report on Friday, February 24th.
Afterward, Dortmund players held up a Bartra jersey in front of the Westfalenstadion's south stand, where fans chanted his name. An own-goal by Markus Suttner and strikes from Yunus Malli and Mario Gomez gave Wolfsburg a 3-0 win home to Ingolstadt .
The 57-year-old Italian also praised his players' performance, asserting that Bayern were on track until the red card to Vidal. Just what Ronaldo deserved - his goals may have been offside, but he was once again the hero.
The Oilers had a parade going to the penalty box in Game 4, and the Sharks mad ehtem pay for it with four power play goals. If you're looking to watch Oilers vs Sharks Stream Online then we might have something in your interest.
The 6-2 loss dropped Arizona to 7-3 this season but no matter, as they are still in first place in the National League West. Athletic trainer Dave Groeschner sprinted toward the plate and manager Bruce Bochy was right behind.
Kyle Seager also drove in four runs and was on base four times as the Mariners went 6-3 on their only homestand of April. Chen, the Marlins' 31-year-old starting pitcher, dazzled, puzzled and ultimately constricted the Mariners.
No regular starters, no problem for Hawks against Cavs
Irving left the game in the third quarter and went to the locker room because of soreness in his surgically repaired left knee. Tim Hardaway Jr . added 21 points to help Atlanta beat Cleveland for the second straight time , over three days.
Blues head home looking to take a commanding 3-0 lead
Game 3 is Sunday night in NY . "Loud, fun to be a part of and when you have them on your side, it makes things a lot better". Louis Blues open up the home portion of this series on Sunday at 2 p.m. "That's a good test against a good team".
Sweden truck attack suspect 39-year-old Uzbekistan-born man
He said the four victims killed in the Stockholm attack included one person from Britain, one from Belgium and two Swedes. Vehicles have also been used as weapons in Nice and Berlin in the past year in attacks claimed by Islamic State.
Kompany ends 20-month City goal drought in Southampton win
Guardiola's men also have the FA Cup to look forward to, with a game against Arsenal scheduled in the semi-finals next weekend. He added: " In 10 days we play the real final against United so that is why it was so important to win ".
Trump administration says Iran complying with nuclear deal
US Secretary of State Rex Tillerson raised the concerns in a letter sent to Speaker of the House of Representatives Rep. French Jews are apprehensive and have no favorite candidate among the 11 running in the first round of their country's.
Baker Mayfield is a big Russell Westbrook fan
But to face King James, the Raptors have to stop the Greek Freak, and Milwaukee's Giannis Antetokounmpo will be a handful. Harden emerged as an MVP candidate, leading the Rockets to a league-high 117 points per game since the start of December.
Samsung expects record profit in first quarter
Sales of its new G6 flagship smartphone began in March and will not provide meaningful contributions until the second quarter. Samsung Electronics has today announced its earnings forecast for the first quarter of the fiscal year 2017.