Crude oil prices held mostly steady in early Asia on Wednesday as the market mulled the latest United States industry weekly inventory estimates and monitored geopolitical risks.
West Texas Intermediate for January delivery was at $57.27 a barrel on the New York Mercantile Exchange, down 35 cents, at 9:46 a.m. London time.
WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange down by 1.32% to $57.59 per barrel. Brent oil for February gave up $1.64, or 2.6%, to $61.22 a barrel on the ICE Futures Europe exchange, its lowest since November 2.
US crude inventories dropped by 5.48 million barrels last week, the API said Tuesday, according to people familiar with the data. A day later, however, the EIA reported a 3.4-million-barrel draw, more in line with analyst expectations. The US rig count climbed again for the week ending 1st December 2017.
Despite this, some analysts said they expected refining margins to remain healthy into 2018.
Gasoline stockpiles jumped by 6.8 million barrels for the week, while distillate stockpiles added 1.7 million barrels, according to the EIA.
Domestic refineries operated at 93.8% of operable capacity last week, up from 92.6% a week earlier, the EIA data showed.
On paper the report was mixed with the crude oil number bullish and the fuel numbers bearish. Inventories were at their lowest since October 2015.
US crude production continued to edge higher, with total domestic output at about 9.7 million barrels a day last week, up 25,000 barrels a day, according to the EIA.
Oil prices plummeted today, witnessing a free fall as weak equities clubbed with persistent profit selling pressure after recent gains hurt the sentiments. An extension had been largely priced in but rising US oil production has been a key concern for the market.
"Robust global demand and tight supplies should see Brent crude oil rise to $70 per barrel by mid-year (2018)", said Bank of America Merrill Lynch in its 2018 outlook.
The technology behind this new flash storage solution is based on Samsung's current 48-layer 256 gigabit (Gb) V-NAND chips. That's eight times faster than a microSD card and equivalent to transferring 5GB of HD video to an SSD in six seconds.
It has underperformed by 19.60% the S&P500.The move comes after 8 months positive chart setup for the $61.79B company. National Bank & Trust Of Montreal Can owns 122,127 shares. 117,247 were accumulated by Comml Bank Of Ny Mellon.
It shows astronauts playfully using the lack of gravity to spin the pizza on their fingers and pass them in front of the camera. His video clocked up more than 93,000 views since Sunday and prompted a few comments about the quality of the pizza.
Deutsche Bank, the largest bank in Germany, has lent the Trump organisation hundreds of millions of dollars for real estate deals. Camera IconRobert Mueller has asked a German bank to look at account information of Donald Trump and his family.
How - and if - the app ends up getting used remains to be seen. "So it's not like anyone else can look up your child", she said. The app has also been designed with privacy laws like the Children's Online Privacy and Protection Act in mind.
He also called for the opening of the roads and crossings for relief boats to reach the city and for commercial traffic. As of Monday evening, clashes were still ongoing in Yemen's Houthi-held capital, according to the same source.
CBS Sports NFL Insider Jason La Canfora has confirmed that Goodell has been given a new deal by the NFL's Compensation Committee. Blank told The MMQB that he spoke with Jones recently and that the Cowboys owner "understands the contract and how we got here".
The group said in a stock exchange announcement: "Steinhoff will update the market as the aforesaid investigation proceeds". South African billionaire and chairman of the company, Christo Wiese, will run the company on a temporary basis.
His contention was, however, not accepted by the court which made a decision to hear the matter on February 8 next year. Congress leader Anand Sharma said that Prime Minister was diverting the issue from lack of development in Gujarat.
And we can see that continuation through to today when we have hundreds of thousands of applications on our smartphone. Overall, some 8 trillion (yes, TRILLION!) texts are sent each year, which again does not include app-to-app messages.
Back Up, Curse Of Osiris Released]
The studio has not yet released full patch notes for update 1.1.0; we'll amend this article with details once they're available. An update has been pushed to Destiny 2 on the Xbox One X that enhances the game's visuals on the new console.
MI weather today: Last really warm day for a long time
So as you can see, the temperature is crucial as to what falls from the sky, with even half a degree making a huge difference. But things will begin to get more interesting - and challenging for forecasters - on Thursday , Friday and Saturday.