U.S. crude oil inventories decreased last week ending March 30, and the refining sector input 141,000 barrels per day more than the previous week's average, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.4% at $65.18 a barrel.
June Brent crude futures LCOc2 were down 11 cents at $68.65 a barrel, while the May contract LCOc1, was down 9 cents at $69.44. Shanghai September crude futures were at 415.6 yuan ($66.26) per barrel, up 0.9 percent.
"Oil prices are profiting from the general brightening of sentiment on the markets as signs emerge that the trade dispute is easing between the USA and China", analysts at Commerzbank said in a note.
Oil prices have moved in tandem with the US stock market throughout the year, though that relationship has broken down somewhat in the last few weeks.
Meanwhile, Japan's oil demand decline is set to accelerate amid a shrinking population. The oil rig count has been generally rising since June 2016.
Rig count in the USA has gone up by 6 rigs to 990 last week, according to a report by services firm Baker Hughes. Looking at reactions in markets, crude oil prices strengthened following the EIA report.
The strength of the USA dollar was a headwind for oil, said Bill Baruch, president of Blue Line Futures in Chicago.
The markets enjoyed renewed optimism after China threatened the U.S.'s soybean industry, the country's top agricultural export to China.
Trade sources told Reuters on Monday that Saudi Arabia was expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.
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His attorney Mahesh Bora has challenged the conviction and sentence, and Khan will remain free pending the outcome of the appeal. He had told the court that the eyewitness in the case was "not reliable" and "it was never proved that he had firearms".
Despite making a small improvement, Vettel found 0.063s more on his own attempt to sneak ahead in the closing seconds. Ferrari looked to be the team to beat throughout the Bahrain practices and it was more of the same in qualifying.
It will be his first visit since becoming prime minister past year , replacing Nawaz Sharif who was ousted from office. The spokesperson said it is also important that Afghan government should refrain from blame game.
Treasuries, currency devaluation, or seeking a rare earth ban. "Well, fellas, we've already lost the trade war ", Trump said. A second point to be considered is the large export capacity of the USA , which Brazil will not be able to replace.
While the reported performers are all British talents, it is not implausible for Jennifer Hudson to get the royal gig. It was the first time that the couple made their first public appearance together past year in Toronto.
Lovato has been open about her struggles with her body, admitting that she purged after her split from Wilmer Valderrama . Demi Lovato has definitely surpassed her Disney days, but it doesn't mean she can't hang out with the old crew!
The NYPD released more surveillance video of a Vassell , pointing a silver object at people as if he were brandishing a gun. Footage shows a man that police believe to be Saheed Vassell holding a gray object and pointing it at people.
Insane thing is with the S8 just getting 8.0 and 9.0 right on the horizon who knows when either the S8 or S9 will see that update. If Samsung were to really launch the device as the Galaxy S9 mini , then it could mark the revival of the Galaxy S mini series.
Bloomberg reported that Apple is still figuring out how iPhone users can control some tasks by moving a finger near the screen. The technology would have a sensing capability that would identify when the user's fingers were close to the screen.
The two Prime Ministers agreed that the visit has imparted new dynamism to the multifaceted partnership between the two countries. Nepal's main imports from India are petroleum products, motor vehicles and parts, rice, medicine and coal.
Leeds-based Opera North reported a figure of 9.8% and Scotland's national opera company, Scottish Opera, stood at 7.2%. More than 10,000 companies published data, with more than 1,000 waiting until the last day to report their pay grades.
A Chilly & Mostly Sunny Finish to the Weekend
Predicting how much snow Fargo-Moorhead will receive is tricky because it's on the fringe of the system coming through Sunday . As we head into next week, Monday will have our next chance of rain showers with a high of 50 degrees.
Muenster van driver well known to German police
Armin Laschet, the governor of North Rhine-Westphalia state where Munster is located, has also toured the city. He didn't elaborate on how many Dutch were injured or how serious those injuries were.
Yorkville man charged with armed robbery in DeKalb
Two of the suspects have been arraigned on indictments that carry an additional charge of unlawful use of a weapon: a firearm. The suspects fired two shots as they fled the scene in a white Corolla and silver Hyundai i20 with fake registration plates.
Rebecca Dallet Wins Spot on Wisconsin Supreme Court
Dallet had championed her determination to stand up for Wisconsin values, including those she said were being "attacked" by Trump. Walker wrote in one tweet . "I think my message resonated with Wisconsinites", Dallet told supporters in Milwaukee Tuesday night.
London pensioner arrested on suspicion of murdering burglar
Police continued to search Mr Osborn-Brooks's home for clues this morning as neighbours said they would meet to campaign for him. Scotland Yard confirmed that officers have informed the dead man's next of kin, but he has not yet been officially identified.