On the NYME, the May delivery for West Texas Intermediate dropped by 24 cents to reach $52.41 per barrel. "It's never possible to call a bottom, but I suspect this is a great buying opportunity" before a big jump in prices by the end of the year, he said.
OPEC and other major producers including Russian Federation agreed to cut production by 1.8 million barrels a day in the first half of the year in an attempt to drain large global stocks. Surging U.S. production has raised concern OPEC and partners are failing to reduce an oversupply.
'Second, OPEC is likely to extend its cuts by at least three months at its meeting at the end of the month, ' said the analysis.
The price of crude oil fell following the release of an industry report which showed that the decrease in inventory in the United States was lower than had been anticipated. This is the first time the Saudi minister has suggested curbs could be extended beyond 2017. OPEC's curbs drove oil above $55 at the start of the year, encouraging USA producers to ramp up drilling.
If OPEC decides to roll over its current agreement for a further six months without substantial changes when ministers meet on May 25, the decision may not boost prices much, though it could stop them weakening further.
As OPEC and its allies curbed supply, production in the US, which is not part of the agreement, has risen to the highest level since August 2015 as drillers pump more from shale fields.
The fall in oil prices was, however, given some support by a report indicating that there was a decline in output in Saudi Arabia. "OPEC members have no choice but to talk up prices by signalling an extension to the production cuts agreement".
It was bad when Dani Carvajal went down injured against Atletico Madrid , but it's gotten even worse for the Merengues. We played a fantastic first 30 minutes, had many chances for a second goal , but we did it in the second half.
The amendment bans tax-exempt organizations like churches and other religious institutions from political speech and activities. Some Iowa church leaders say it's a civil rights matter while others believe religious liberty will cause more discrimination.
In addition, the DLC will also include new Calling Cards of Dempsey, Nikolai, Takeo, Richtofen and Zombie Heroes animated card. This culminated in an ESRB listing earlier this week to confirm the Zombies Chronicles DLC package, as reported by Inquisitr.
The U.S. strategy in Afghanistan is to support the Afghan national security forces in the fight against the Taliban. Narcotics traffickers are giving terrorists weapons, money, and support to continue their insurgency.
Interviewed by The Province's Mike Smyth, Higgins said she just wanted to make a point about housing prices and health firings. A new poll heading into the final week before the May 9 election - from the only pollster who predicted a B.C.
And as of this writing, only the first round of the NFL Draft has taken place, so there's more for the Ravens to do. I think he kind of tries to let his play do the talking for him, and when you see the tape, that is what it does.
Trump as president was that they thought he would take a businessman's approach to America's portfolio of engagements overseas. He acknowledged that 2017 was going to be another tough year for Afghan security forces and the global troops stationed there.
In a blog post , Roku said the fact that Twitter users frequently tweet during live events played a role in the partnership. Twitter's channel is now available for Roku streaming players and Roku TV models in the United States.
The NSA is also planning to delete "the vast majority" of previously acquired "upstream" internet communications ASAP, it said. A single call would be counted as two records because they were submitted separately by the two companies handling the call.
His administration has "taken unprecedented action" to keep and bring back jobs to USA and "we're just getting started". Some of the animosity stemmed from United States media evaluating Trump's 100-day record as meager and mixed.
Trump brings in hope for solving Israeli-Palestine conflict
He made the trip to Washington while politically unpopular back home, with polls suggesting most Palestinians want him to resign. That could prose major domestic political headaches for Abbas, as he battles unpopularity and challenges from rival factions.
OnePlus 5 confirmed for launch this summer
OnePlus is known for selling high-performing phones at considerable lower prices than rivals like Apple, Samsung and Google. The company told The Verge it's skipping the "OnePlus 4" because the number four is considered unlucky ( tetraphobia ).
Rain postpones Brewers at Cardinals game
Outfielder Tommy Pham is joining the team Friday, a sign that Fowler or Piscotty could end up hitting the 10-day disabled list. Adam Wainwright allowed 10 hits and four runs in a no-decision, with Matt Bowman getting charged with the loss.
Trump adviser to leave the White House
The Times report said that Gorka will "likely" be moved to a role outside the White House but still be part of the administration. A counter-terrorism adviser to President Donald Trump will be leaving the White House, according to an official.
Tesla's Klaus Grohmann ousted after clash with CEO Musk
What we're sure of, however, is that Musk has no plans of developing flying cars because it's noisy, anxiety building, and risky . U.S. entrepreneur Elon Musk has outlined his vision for a tunnel network under Los Angeles and shown how it might work.
Hannity defends Fox News president Shine amid report
The host then continued to discuss the story, even going as far as to claim Shine was being sabotaged by someone within Fox News. Fox News continues to be the most-watched cable news network and is typically among the leaders in all of cable, not just news.
BlackBerry KEYone release date and pre-order details revealed
The cameras appeared decent from what I saw - the 12-megapixel camera on the back uses the same image sensor as the Google Pixel. While no details have been shared by the carrier, the BlackBerry KEYone is now listed as "coming soon" on its website.
Chipotle reports hack in payment system
Company representatives say they're investigating all credit-card transactions run between March 24 and April 18. Chipotle emphasized that customers should "closely monitor" their bank statements for any unauthorized charges.
Nintendo unveils successor to Nintendo 2DS: the 2DS XL
From what we gathered until now, the big release will take place on July 28 in the United States , and the device will cost $150. Its main screen is a 4.88ins 2D display, while a "slightly smaller" touchscreen is located just below it, the website says.
Predators' Fiala out of playoffs after breaking leg
On the power play in the first, Subban reared back and fired his signature heavy slapshot from the edge of the circle. "Like you said, it's disappointing to be up halfway through the third there, but you have to stay out of the box".
OR wins distance medley without Cheserek at Penn Relays
Kate Grace was third in 4:16.62 and Shelby Houlihan of the Portland-based Bowerman Track Club finished fourth in 4:16.67. We are trying to win as many relays as we can for Villanova, for Gina, and for the rest of the girls here.