Oil near 2015 highs on strong China data

Oil near 2015 highs on strong China data

Futures are up more than 12 per cent in 2017, having entered a bull market in September.

Traders said higher prices in recent weeks were the result of efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russian Federation to tighten the market by cutting output, as well as strong demand and rising political tensions.

WTI Crude Oil (Light Sweet) price at NYMEĞ¥ Stock Exchange up by 0.85% to $60.22 per barrel.

Jack Del Rio Fired by Mark Davis After Raiders' Loss to Chargers
For the past near decade, Gruden has been an ESPN analyst, with constant rumors around where and when he would return to the game. Under first-year coordinator Todd Downing, the group appeared to take a step back, particularly Carr and receiver Amari Cooper.

Overnight, crude oil prices reached their highest since mid-2015.

Oil topped natural gas as the biggest source of electricity in New England on Thursday morning, after temperatures plunged well below freezing.

In the most recent week, U.S. production dipped modestly to 9.75 million bpd from 9.79 mln bpd the previous week.

George Weah: Don't give up on Nigeria, your dreams, Oyintiloye urges youths
According to the National Elections Commission (NEC) Weah, 51, had garnered 61% of valid votes cast from 98.1% of votes tallied. Macron says the former soccer star and FIFA World Player of the Year still has "a special place in the French's hearts".

Countering those cutbacks, United States oil production has soared more than 16% since mid-2016 and is approaching 10 million bpd, trailing only OPEC kingpin Saudi Arabia and Russian Federation. The rig count, now at 747, stayed relatively stable during the last quarter, even as oil strengthened.

The producers last month extended the deal to curb output throughout 2018.

Although U.S. shale drillers are now exhibiting restraint, speculation is rising that they will put more rigs into operation next year as oil strengthens: Gene McGillian, a market research manager at Tradition Energy, pointed out that "With that partially offsetting production cuts by OPEC and Russian Federation, the market will have to get confirmation that global inventories will keep coming down". The benchmark traded at an average price of about $51 this year. "If we don't see that pattern continue then, we could see a significant correction". Brent crude futures fell 11 cents to $66.33 a barrel.

Indian Congress MLA Asha Kumari slaps woman constable, gets it back
The BJP wrested power from the Congress , winning close to a two-third majority with 44 seats in the 68-member Assembly. The review meet headed by Rahul Gandhi was called in to discuss the reasons for the defeat in the state.

Inventories are now down by nearly 20% from their historic highs last March and well below this time a year ago or in 2015.

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