U.S. oil costs hit highest since mid-2015 on shock…
U.S. oil costs hit highest since mid-2015 on shock…
Crude prices slightly rise
08 January, 2018, 03:34
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $61.40 a barrel by 1140 GMT.
Norbert Rucker, analyst for Julius Baer, said crude prices above $60 project an "overly rosy picture" and explained that "Oil production disruptions (in Iran) remain a very distant threat.Disruptions in the North Sea have been removed with the Forties Pipeline system having resumed full operations; US oil production surpassed the 2015 highs in October and is set to climb to historic highs this year". Refinery utilization rates rose by 1 percentage points to 96.7 percent.
Oil hit its highest since May 2015 this week, supported by falling inventories, strong demand and high Opec compliance.
Having reached the levels of early December 2014 of about roughly $65 for the Brent and $60 for the WTI, benchmark oil futures have now the ambition to break permanently those levels which are now clearly in reach.
It also said based on data through October, average US imports of crude oil increased by more than 103,000 BPD from the 2016 level, to almost 8.0 MMBPD, the highest level since 2012.
Sachin Tendulkar's daughter Sara harassed, 1 held
Sachin Tendulkar is one of the most respected and worshiped cricketers in India and he has served Indian cricket for decades. During investigation, police traced the caller's location to West Bengal and dispatched a team that arrested him on Saturday.
"The protests in Iran added more fuel to the already bullish oil market mood", said Norbert Rucker, head of commodity research at Swiss Bank Julius Baer.
Oil prices have received general support from production cuts led by OPEC and by Russian Federation, which started in January previous year and are set to last through 2018, as well as from strong economic growth and financial markets.
The agency said USA crude oil production increased in 2017 by more than 384,000 barrels per day (BPD), to 9.2 million barrels per day (MMBPD), based on data through September and estimates for the remainder of 2017. Inventories are down by nearly 20 percent from historic highs last March, and well below this time a year ago or in 2015. In the United States, crude stocks fell by 5 million barrels in the latest week, the American Petroleum Institute said on Wednesday before the government's supply report later, yesterday.
"Oil production disruptions (in Iran) remain a very distant threat. disruptions in the North Sea have been removed".
However, cold weather across much of the country was expected to keep demand high, as heating oil prices were just off highs not seen since early 2015.
Wimbledon's top scorer in all competitions is Lyle Taylor with 11 goals, while Harry Kane has netted 24 times for Tottenham . AFC Wimbledon boss Ardley said: "I think the most exciting thing was when our fans went nuts when we got our first corner".
Even so, Quinn senses his team, boosted by last year's long postseason run, is peaking at the right time . Matt Bryant converted the field goal three plays later and the Falcons jumped out to an early 3-0 lead.
Rivera already has 67 wins and with a road game in New Orleans will pass Fox with his fourth playoff appearance. On the field, the Panthers have been fairly consistent outside of a disappointing 6-10 season a year ago.
Wildlife officials are asking boaters to be extra vigilant and to avoid areas where large numbers of manatees have gathered. Which Gulf World's Senior Veterinarian, Julie Cavin, said can be too cold for many sea turtle to handle.
Police checked in and around the station after the blast to make sure there were no other explosive devices. Numerous illegal hand grenades found in Sweden are being imported from former Yugoslav nations, he said.
A total fire ban is in place across Sydney and the Hunter region as NSW residents face temperatures soaring into the mid-40s. Penrith recorded the highest temperature on earth on Sunday, reaching a record top of 47.3 degrees.
However, the investor consortium is also making a $1.25 billion investment of fresh financing at the older, higher appraisal. Bloomberg reports that Kalanick has always been one of the wealthiest people in the world, at least on paper.
Jon Gruden has returned to don the Silver and Black, and will officially be Head Coach of the Oakland Raiders once again. The Buccaneers went 12-4 in his first season and finished 57-55 with three playoff appearances in Gruden's seven seasons.
Thirty-two people are missing after an oil tanker and a cargo ship collided off China's east coast on Saturday evening. A tanker has collided with a bulk carrier in the East China Sea, leaving 32, the entire tanker crew, missing.
Walton disagreed with LaVar's latest criticism of the Lakers coach, whose team has lost 12 of its past 13 games. It is unclear whether the organization will address LaVar Ball's comments as they relate to their head coach.
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Anushka makes Cape Town more attractive for Kohli
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