U.S. West Texas Intermediate (WTI) crude oil futures climbed 24 cents to $64.22 a barrel.
Brent crude futures, the worldwide benchmark for oil prices, were up $1.04, or 1.5%, at $71.65 per barrel around 2:30 p.m., after hitting a five-month high.
On Tuesday, the 9th of April 2019, during the midday Asia Pacific trading hours, Brent crude hit a five-month high above $71, while USA crude had resurfaced over $64.50 level for the first time after November 1st, 2018.
Oil prices rose to fresh five-month highs today as markets tightened amid OPEC-led supply cuts, USA sanctions against Iran and Venezuela, and escalating violence in Libya.
An agreement was reached to reduce daily oil production by 1.2 million barrels at the 5th OPEC and non-OPEC Ministerial Meeting in Vienna on December 7, 2018.
Last December, OPEC and other major oil producers, including Russian Federation, pledged to cut production by 1.2 million barrels per day in order to prop up prices, effective from this January.
The monthly output cut totals about half a percent of global crude demand.
Toddler locks dad out of iPad for 48 years
Although the time had gone a few hundred minutes, "it looks like we've still got 25 million minutes to go". It also had this mind-blowing message: "Try again in 25,536,442 minutes".
Potential Winter Storm For SE Wyoming Wednesday
'Expect blizzard conditions as northeast winds intensify, ' the NWS said . "The point is you're looking at a major, major storm". Pueblo, Colorado , hit 85 degrees Fahrenheit (30 Celsius) on Tuesday, but will drop down to 25F (minus 4C) by early Thursday.
In the United States, crude oil production has risen by more than 2 million bpd since early 2018, to a record 12.2 million bpd, with many analysts expecting output to exceed 13 million bpd soon.
The Dutch bank said the reduction was not only down to voluntary supply cuts, which the group started this year to prop up prices, but also involuntary curbs from Venezuela and Iran - which are exempt from the OPEC cut pact - due to USA sanctions.
Russia, not an OPEC-member but a reluctant participant in the supply cuts, signalled yesterday it wanted to raise output when it meets with OPEC in June because of falling stockpiles.
Venezuela's oil production is also forecast to decrease to 750,000 bpd this year, from 1.31 million bpd last year, according to the report.
Crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, compared with analysts' expectations for an increase of 2.3 million barrels.
The bank said it expected Brent and WTI to average $70 per barrel and $59 per barrel respectively in 2019, and $65 per barrel and $60 per barrel in 2020.
At 456.5 million barrels, USA crude oil inventories are at the five-year average for this time of year.
Ajax had 61 percent possession against a team that loves to have the ball, and they had 19 shots to Juve's seven. The Juventus squad is also full of players in their late 20s and 30s, and this could benefit Ajax .
Asus was among the first smartphone makers to bring a dedicated gaming smartphone to India in the form of the original ROG phone. That's before accounting for the many accessories that allow the ROG Phone to become a handheld console or (weak) gaming PC .
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The new prices are effective immediately for new subscribers, while existing customers will see the new rate on their May bill. For $35, this reporter praised YouTube TV for its simplicity, solid channel selection, and unlimited cloud DVR.
The name בראשית is prounounced "beresheet" and is roughly translated from Hebrew to English to mean "Genesis" - aka the beginning. Till last December, India and Israel were in the race to become the fourth country in the world to successfully land on the moon.
Israel's political system is based on delicately formed and unstable coalitions crafted by a majority in the Knesset. He was criticised for engaging in populist rhetoric that amounted to the demonisation of Arabs and other groups.
Naidu's son Nara Lokesh is making his electoral debut, contesting for Assembly from Mangalagiri in capital region of Amaravati. The Nizamabad constituency will be entering the record books with a record number candidates and maximum number of EVMs.
So the defendant made a decision to use what was readily at his disposal and conduct a vehicular attack on a crowd of innocents. The police arrested him on March 28 after officers who discovered the stolen truck saw him leap over a security fence.
In fact, the two side boosters that will fly tomorrow are already earmarked for Falcon Heavy's next flight, now slated for June. But the third booster of that mission missed the drone ship and crash-landed into the Atlantic at 300 miles per hour .
Boeing records zero orders for 737 MAX in Q1
Deliveries are financially important because that is when planemakers receive the bulk of money from airlines' purchases. Pilots on each flight fought unsuccessfully to regain control, according to flight data retrieved from the planes.
Mnuchin says he'll 'follow the law' on Trump tax returns
The head of the IRS, meanwhile, agreed with Democrats that it's primarily his decision to make - though he reports to Mnuchin. We have noted before , though, that experts say tax returns can be released even when an individual is under audit.
Adults And Measles: It's Not Just A Kid's Disease
The highly contagious disease primarily affects children, but measles can strike adults - and with serious complications. Toi Te Ora Public Health said four cases of the highly infectious viral illness have occurred over the last three weeks.
Khashoggi's children deny settlement over murder
Salah Khashoggi described King Salman and Crown Prince Mohammed bin Salman as "guardians to all Saudis". The State Department has also frozen the assets of some Saudi citizens over the Khashoggi affair.
OPPO Reno 5G Smartphone Announced with 10X Zoom Camera
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PlayStation 4 owners, you can finally change your online ID
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'Grease' is Getting a Prequel
The prequel is said to be about the summer Danny and Sandy met, taking its inspiration from the classic song " Summer Nights ". The studio has tapped screenwriter John August ( Big Fish ) to pen the prequel script, his publicist Bebe Lerner confirmed.
Apple's 10 day rally is its longest in more than eight years
It would have been a boon for any new iPhone models that support wireless charging, but sadly, it isn't in the cards any longer. Although Macotakara has a good track record with Apple predictions, all these rumors should be treated as what they are: rumors.