UPDATE 3-Oil stable on strong China data, but rising US output caps gains
13 March, 2018, 14:31
Oil prices settled with a loss on Monday (http://www.marketwatch.com/story/oil-prices-pull-back-from-strong-finish-last-week-as-market-renews-us-supply-watch-2018-03-12), giving back part of the sharp gains seen in the previous session as recent data showed a rise in weekly USA output, as well as expectations for a further increase in domestic production next month.
Hedge funds and money managers pared their bullish wagers on USA crude oil, with long positions falling last week for the first time in three weeks. April West Texas Intermediate crude fell 68 cents, or 1.1%, to settle at $61.36 a barrel on the New York Mercantile Exchange.
Brent crude futures-where Nigeria's oil is pegged-sold at $64.77 per barrel, down 18 cents, or 0.3 percent.
Energy investors are weighing increased USA supply against the likelihood that the Organization of the Petroleum Exporting Countries will maintain supply cuts that have been in effect more than a year.
Oil markets gained yesterday on the back of a drop in the number of USA rigs drilling for more production and as the United Stateseconomy continued to create jobs, which industry hopes will drive higher fuel demand.
Benchmark 10-year notes last rose 2/32 in price to yield 2.8865 percent, from 2.894 percent on Friday. S. data showed the economy in February added the most jobs in more than 1-1/2 years.
Flava In Ya Ear rapper Craig Mack dies, aged 46 The remix of Mack's single Flava In Ya Ear also provided one of the breakout moments for Bad Boy's revered star Notorious B.I.G. Brooklyn's DJ Scratch remembered Mack as the hardworking roadie who helped set up and break down his turntables on tours.
This week's Consumer Price Index (CPI) release, given its potential impact on the dollar, could be critical, said Bill Baruch, president of Blue Line Futures in Chicago.
U. S. stocks closed mixed.
Wall Street's main indexes had closed up almost 2 percent on Friday on the strength of the jobs report, and have almost reclaimed losses sustained in recent weeks when investors feared that higher wages might lead to price pressures.
MSCI's world equity index hit a two-week high, while Hong Kong's Hang Seng Index closed up 1.93 percent.
In currencies, investors' appetite for riskier bets caused the US dollar to inch down.
ING's Patterson agrees that keeping a lid on price hikes is necessary; in an interview in Singapore he said, "We need to see prices in the short-term trade below $60 to reduce that incentive for USA producers".
Recall that Pogba was omitted by Mourinho from United squad due to the injury he picked up in training yesterday . Chris Smalling when starting a game for United, leaves the fans praying for securing the three points.
Though Pearl City ranked 57th for income and employment, the study does note that money can't buy happiness. "The U.S. And to celebrate, they've surveyed more than 180 of America's largest cities to find out which was the happiest.
She was entertaining, but she also had a strong voice. "I'm going to give you a 'no, ' but you have already scored major". What's the same, at least in Sunday's two-hour taped-auditions première? She seems to be screaming more than singing.
His goals against Anderlecht and Celta Vigo ensured no player was more important in the Reds' run to the Europa League final. This season, the England global has now scored six times in the league, but he has mostly been used as a substitute.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chilton Capital Limited Liability stated it has 0.04% of its portfolio in DCT Industrial Trust Inc. (NASDAQ:SKYW).
Before he was killed, he had been investigating Italian businessmen in Slovakia with suspected mafia links. Bugar's announcement means the government created after the 2016 general election could fall apart soon.
This date comes as a no-brainer for Punk's sophomore appearance as the event is UFC 225 in his hometown of Chicago, Illinois. After utilizing a double-leg takedown, Gall pushed Punk against the cage fence and dropped his opponent to the mat.
There's no follow-up model yet as it is too early but good news, the Xperia R1 and R1 Plus are getting the Android Oreo update. The update has a version number of V15.0410.1802.34, and was just released today, so it may not be available to everyone yet.
Two hospitalised after suspicious package sent to Brit MP
Tests found the powder was not harmful. " Police are investigating the content of the letters to identify any potential links". A second package is also being looked at, they said - and one person has been taken to hospital this morning.
S.Korean Envoy Briefs Xi on Kim Jong-un Meeting
Some experts are concerned that North Korea could be seeking to delay worldwide action while strengthening its nuclear program. They also dismissed criticism that Mr Trump's decision to meet elevated the North Korean leader on an global stage.
Hamill named as St Patrick's Festival Guest of Honour
Star Wars: The Last Jedi is all set to premiere on Digital HD starting March 13 and on 4K Ultra HD and Blu-ray on March 27. Earlier this week, Star Wars actor Mark Hamill was honored with his own spot on the Hollywood Walk of Fame.
Frigid night ahead with snow flurries possible
Mostly sunny skies on Thursday coupled with breezy southwest winds will push temperatures into the upper 60s Thursday afternoon. SATURDAY NIGHT: Partly cloudy skies and cold temperatures continue, with an overnight low of 36 degrees.