An unexpected increase in gasoline stockpiles last week has weighed on fuel prices and is pulling oil prices lower.
U.S. West Texas Intermediate crude finished Thursday's session down 65 cents, or 1.1%, at $60.99 per barrel, after touching an intraday low of $60.18/Bbl.
New Delhi, Mar 1 Crude palm oil prices softened by 0.07 per cent to Rs 600 per 10 kgs in futures trade today as speculators booked profits at prevailing level coupled with easing demand at the spot market.
NOAA's Satellite Could Track Extreme Weather Resulting From Climate Change
The current GOES-East satellite launched in 2016 , and it has provided views of developing weather in unprecedented detail. Development of the advanced satellite program started back in 2005 and will continue through 2036.
Oil prices may find some support as the U.S.is considering oil-related sanctions on OPEC member Venezuela to pressure its socialist President Nicolas Maduro, a USA official said on Wednesday.
In its supporting budget plan documents, the federal government predicted a drop in oil prices.
The Organization of the Petroleum Exporting Countries (OPEC) has forecast that the global oil prices will continue to remain stable in 2018.
Deserve more respect, will get it when I start winning: Lukaku
I wanted to show my new club that I deserve to wear this Manchester United shirt. "I can still improve everything about my game". Lukaku scored United's equaliser against Chelsea on Sunday before setting up Jesse Lingard for the victor at Old Trafford.
USA crude inventories have fallen more than 100 million barrels in 12 months to their lowest in three years. US crude oil production increased steadily through 2017, reaching its highest level in more than three decades. USA crude futures dropped 11 cents, to trade at 60.88 dollars a barrel. Its industry is suffering from a lack of investment and looming USA sanctions, sending output previous year to the lowest since the 1980s.
USA oil prices edged up on Friday, snapping three days of declines, but gains were limited as Asian share markets extended a selloff on Wall Street after news of planned United States tariffs on steel and aluminium raised fears of a trade war.
OPEC officials are expected to meet US shale executives next week in Houston, at the annual CERAWeek conference, presented by IHS Markit. [FRX/] A strong dollar makes oil more expensive for buyers using other currencies. Friday's move came as stock indexes pared losses or turned higher.
Retail giant Walmart to restrict gun sales after Florida school shooting
Although the weapon purchased at the Dick's outlet was not the one used in the massacre, Stack said his company was moved to act. But sales had resumed at its smaller chain of Field & Stream stores, which consisted of 35 outlets in 16 states as of October.
"Yesterday's (Wednesday's) report ... has reawakened concerns that USA production levels will offset OPEC production cuts", Gene McGillian, manager of market research at Tradition Energy in Stamford, Conn., told Reuters.