U.S. crude oil stocks rise, output falls for w/e June 7
U.S. crude oil stocks rise, output falls for w/e June 7
US Crude Oil now heading towards the $50 level
16 June, 2019, 12:36
Tensions in the Middle East have escalated since U.S. President Donald Trump withdrew from a 2015 multinational nuclear pact with Iran and reimposed sanctions, notably targeting Tehran's oil exports.
US crude oil stockpiles rose unexpectedly for a second straight week, despite the highest refining rates in six months and lower imports and production, the Energy Information Administration said on Wednesday.
Gasoline stocks rose by 764,000 barrels, compared with analysts' expectations in a Reuters poll for a 743,000-barrel gain. Brent oil futures have declined by 2.26% by this time.
Stocks jumped by 6.8 million barrels during the previous week. EIA's lower 2019 Brent price path reflects rising uncertainty.
"At a minimum, these results are going to keep traders on the sidelines, or more likely, pressing crude until it stops going down", Michael Bradley, equity strategist at energy investment bank Tudor, Pickering, Holt & Company, said in a research note.
A surprise increase in USA crude stockpiles also kept oil prices under pressure.
On Wednesday, US-based Goldman Sachs said that the slowing economic growth and decreasing oil demand was the largest driver behind the bearish trend of oil prices.
After girl, 4, takes doll from store, cops pull gun on parents Despite department rules that require police to wear body cameras, the Phoenix officers were not wearing them, the claim said. Both parents, who stress they were unaware their daughter had taken the doll, were detained but not arrested or taken to jail.
OPEC is set to meet on June 25, followed by talks with its allies led by Russian Federation on June 26.
Members of the alliance known as OPEC+ have signaled they are prepared to extend the current deal, which started in January and runs through June, into the second half of the year. Production by all 14 OPEC members dropped by 236,000 bpd from April to 29.88 million bpd.
The group said it must weigh a potential slowdown in global economic activity against geopolitical supply risks. According to the Oil & Gas 360 article, stockpiles are now at their highest level since mid-2017 and this oversupply is present "amid slower demand growth".
Hedge fund managers are liquidating bullish oil positions at the fastest rate since the fourth quarter of 2018 due to increasing fears about the health of the global economy.
Ideologically, two favorites of the party's liberal wing, Sanders and Warren, won't be going head-to-head, either. NBC personalities Lester Holt, Savannah Guthrie, Chuck Todd, Rachel Maddow and Jose Diaz-Balart will be featured.
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That's right, Square Enix apparently lost some of its earlier games. "That is a request that we hear often". At present, as I say, we are offering our games on multiple subscription services , including Microsoft's.
The majority of users have experienced trouble signing into PSN, while others can not access games or social features. Affected Services: You may have some difficulty signing in or creating an account on PlayStationNetwork.
There is history of an American team not progressing through the group round of an worldwide tournament on goal differential. Kyle said: "Hats off to Thailand for holding their head high". "I had a personal goal for three", she said, laughing.
Targetgeddon? That's what some customers are saying as they wait in long lines for Target's cash registers to come back online. Customers - ranging from Wisconsin to NY to Florida - are taking to Twitter to report the mass outage and long checkout lines.
Doctors say that any person in the grip of Chamki fever should not get dehydrated and children should only be given healthy food. The government said that 12 districts are now under watch, though the deaths have so far been confined to Muzaffarpur .
The service will be done through Shipt , the membership-based, same-day delivery platform Target acquired in 2017. The option will be incorporated into the Target app before peak season, according to CNBC.
Target, which has more than 1,800 stores across the USA , said it would "provide an update as soon as possible". Back in June 2014 , Target had a similar outage after computer issues affected their checkout system.
United States may try and influence some of the friendly nations, including the European Union not to deal with Huawei. It is not as if Huawei has been very successful in obtaining the trademark registration for the "Hongmeng" OS.
The company's web version of its app was banned from servers in Beijing , Heilongjiang, Inner Mongolia, Shenzhen, and Yunnan. However, similarly to last time when the app was used for a similar objective - it once again started seeing difficulties.
Talking about Kabir Singh , it is bankrolled by Bhushan Kumar, Murad Khetani, Kishan Kumar and Ashwini Varde. Actor Shahid Kapoor said his son Zain is really goodlooking, and has got features like his wife Mira.
Fury batters Schwarz with second round knockout
Meanwhile, Schwarz insisted he is in the shape of his life as he aims to make Fury - in the Brit's own words - a sporting joke. Referee Kenny Bayless stopped it at roughly the same moment Schwarz's corner threw the white towel into the ring.
Instagram, PlayStation hit with outages
The site also showed outages in other spots across North America, South America, Europe, Asia, Australia and New Zealand. Visitors who tried accessing the Instagram homepage were greeted by an error message: " Sorry, something went wrong ".
Showers Saturday with a mostly dry Father's Day Sunday
However, wind gusts along the leading edge and within some of the thunderstorms may reach 40 to 50 miles per hour . High temperatures will hit the low 80s and upper 70s for metro Denver with scattered afternoon and evening storms.
Gee: The one Father’s Day I will always remember
You always know what's in my mind and heart and I feel loved because you always cared enough to know me so well. So on this weekend, I say happy Father's Day to all the dads who are still here, and to all of those who aren't.
Twitter Deletes Accounts Linked To Iran, Russia
It is also adding a smaller number of deleted accounts that are tied to Russia, Venezuela and the Catalonia region of Spain. The biggest group, 2,865, used "false personas" to steer conversations about social issues in Iran and elsewhere.