Oil climbs with equities, Saudi Arabia hikes crude prices

IPMAN says scarcity of petrol continues without product to load

The U.S. Energy Information Administration reported Wednesday that U.S. crude oil inventories declined by more than 4.5 million barrels, beating the estimates from S&P Global Platts and the American Petroleum Institute. In addition, the pressure on trade is also exerting tension on the trade dispute between the United States and China.

Futures were little changed in NY.

The strength of the USA dollar was a headwind for oil, said Bill Baruch, president of Blue Line Futures in Chicago.

Front-month Brent crude for June delivery was virtually unchanged at $68.01 at 9.35am GMT.

Trump hits Manchin over tax bill vote at West Virginia event
According to the Migration Policy Institute, West Virginia's unauthorized immigrant population is estimated at 6,000 residents. The Trump administration hasn't determined how many troops it will seek to have deployed to the U.S. -Mexico border.

Yuan-denominated oil futures on the Shanghai International Energy Exchange were little changed at 402.3 yuan a barrel after the September-delivery contract closed 3.4% lower on Tuesday. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 1.8% at $62.36 a barrel.

Gasoline stocks fell by 1.1 million barrels, compared with analysts' expectations for a 1.3 million barrels drop.

Prices last week rose to a recent high of $71 per barrel, before crashing by 4% early this week and staging a partial recovery on Wednesday.

Oil prices rose on Thursday, helped by gains in US equities markets and Saudi Arabia's unexpected hike in crude prices, though crude's advance was curbed by strength in the dollar. Inventories are forecast to have risen by 2 million barrels, according to a Bloomberg survey.

Friday brings a welcome break between storms on Vancouver Island
Also, even once the main line of storms moves through we could still have the chance for overrunning showers Saturday afternoon. Friday will be mostly cloudy and rain is possible late in the afternoon, especially north of I-20 and west of I-65.

Soybeans are largely considered one of China's biggest weapons in the trade war, offering a way to harm the USA economy and hurt President Trump politically, since many farming states backed Trump in his presidential election.

Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the US government data showing a surprise drawdown in crude stockpiles.

Though this was largely thanks to the inexorable slide in Venezuela's oil production, figures are figures and the market is prone to take them at face value. The EIA data also showed that American oil production rose to an unprecedented level of 10.5 million barrels a day last week, topping 10 million barrels a day for a ninth week.

My Family's Distant Connection to Dr. King
We need to be gentle teachers, not shame and blame, or worse fill ourselves with the very hatred that we seek to undue in others. Zellner told CNN he had been working with another famous civil rights leader, Fannie Lou Hamer, in MS when they heard the news.

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