Analysts said besides profit-booking by speculators at existing higher levels, fall in demand in the physical market against adequate stocks position weighed on crude palm oil prices at futures trade.
The U.S. West Texas Intermediate crude April contract, according to investing.com, was down about 0.34% at $60.80 a barrel by 07:45 GMT, just off Thursday's two-and-a-half week lows of $60.20.
The dollar rose after Federal Reserve Chairman Jerome Powell said the USA central bank would stick with gradual interest rate increases.
A stronger dollar also dented oil prices.
The oil market had put together a string of four straight days of gains before Tuesday's pullback.
Global oil prices are one of the factors taken into account while formulating the Indonesian Crude Oil Price (ICP) issued by the Ministry of Energy and Mineral Resources through the Directorate General of Oil and Gas in the first week of the following month.
US crude oil production rose to a record 10.057 million barrels per day (bpd) in November and retreated slightly in December to 9.949 million bpd, the EIA said on Wednesday.
On Wednesday, the government reported that US crude stocks USOILC=ECI rose faster than expected while gasoline inventories posted a surprisingly large increase.
US light crude CLc1 is forecast to average $58.88 a barrel in 2018, up from $58.11 in the January poll. Weekly data showed another record and further gains are expected.
"Despite the expanding output curbs by OPEC and non-OPEC members such as Russian Federation, the market has been focusing more on rising USA output since around late January", Akuta added.
The United States will overtake Russian Federation as the world's biggest oil producer by 2019, International Energy Agency (IEA) Executive Director Fatih Birol said on Tuesday.
"Then we have the volatility in the USA dollar and the implications of the tariff news to factor in", he said. "The United States will become the No.1 oil producer sometime very soon", he said. Crude prices remained under pressure from concerns that US production may be high enough to offset output cuts from OPEC and Russian Federation, he said.
"For now though, the gains in US supply are prevailing in shaping sentiment in the oil market, other analysts said".
The Hawkeyes won a 70-61 game at Northwestern on February 11 in the only regular-season meeting between the teams. The 6-foot-6 Muscatine, Iowa, native broke the state scoring record in Iowa's highest classification this season.
Two hospital officials have been placed on leave after a mix-up led to doctors performing brain surgery on the wrong patient. One patient required surgery to remove a blood clot on his brain, while the other needed only treatment for a swollen head.
Asus also introduced a new feature called Zenmoji, and as the name itself suggests, it's a rip off to iPhone X's Animoji feature. For the battery , ZenFone 5Z has a 3,300mAh one on board with the company's proprietary "BoostMaster" fast-charge technology.
In comparison, at the height of the dotcom mania, the valuation of technology stocks were a third of global GDP". Bank of England Governor Carney tears into bitcoin in a stinging speech and interview on Friday.
French government sources said there had been no French casualties and described the situation in Ouagadougou as "under control". The statement expressed the deep condolences of the UAE to the families of victims and wished quick recovery to those injured.
Only five people from Slovenia, the first lady's birthplace, received green cards under the EB-1 program, the report said . She stressed that she has "at all times been in full compliance with immigration laws of this country".
If that's not enough carbon for you, McLaren is also using Geneva to launch a new carbon fiber wheel option. The cabin is trimmed in Carbon Black Alcantara and S (for Senna ) logos feature both inside and out.
Taking to social media on Monday, Kim uploaded the sweet mum and daughter snap alongside the caption "Baby Chicago ". As for the color's permanency, Kardashian West confirmed the dye job with a simple tweet: "I don't really do wigs".
A spokesman for the Department of Homeland Security did not immediately respond to a Reuters request for comment. All state and federal officials that spoke with the news outlet said that votes were not tampered with.
Rocklin resident Wenyu Zhang, 42, was found by Squaw Valley Ski Patrol, according to the Placer County Sheriff's Office . Officials say the man was off the groomed run when he fell head-first into deep powder and suffocated.
More than 80 percent of smokers said cigarette breaks were fair, while 25 percent of nonsmokers said they were not. E-cigarette maker Halo surveyed over 1,000 employed Americans about how fair they feel smoke breaks really are.
Campus shooting victims are parents of suspect
He was wearing a black hoodie and mustard-yellow jeans, but apparently has been shedding certain clothes since the shooting. Tiffani said the university has been placing lock mechanisms on all the lecture hall doors over the past year or two.