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.
Now, with the new app, it will be far more convenient for users to enjoy their favorite shows and movies on the Prime Video. With this addition of the Amazon Prime Video app on the Apple TV, it ends a long standoff between Amazon and Apple .
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.
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.
Sweet day today with Spencer and his #wordswithfriends friend, Roz, watching them bond in person for the first time. Although, Sleyon hadn't played " Words With Friends " for about a year, he still considered Guttman a good friend.
By November 21, Trump was defending Moore, saying that Moore's denial of his accusers' accounts should be respectfully considered. The poll also found 71 percent of Alabama Republicans believe the allegations of misconduct against Moore are completely false.
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.
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.
I'm not in the business of that", Gronkowski told reporters after the game " It was a lot of frustration. It was unclear what McDermott said to Belichick to elicit that response from the Patriots coach.
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.
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.
The Pierce County Sheriff's Office says two students were shot at Graham-Kapowsin High School in Graham Tuesday afternoon. But before the fight started, someone in the getaway auto fired multiple rounds, hitting the two students. "Pretty scary.
The IOC also imposed lifetime Olympic ban on Russian Deputy Prime Minister Vitaly Mutko, organizer of soccer's 2018 World Cup. Athletes in other Summer Olympic sports could compete only if certified by their respective worldwide federations.
Disney buying Fox is becoming more and more likely
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.
Samsung Galaxy A8 Plus (2018) images leaked
As for the Samsung Galaxy A5 (2018), leaked case renders recently indicated the use of a similar bezel-less Infinity Display. Unlike other Samsung Infinity display devices, the Galaxy A8+ display doesn't wrap around the long edges of the device.
Facebook launches messenger for kids
There's a simple reason Facebook is starting to focus on children: Kids are already using technology anyway. The social network also is looking at building controls around how much time a child can spend on the app.