Oil also fell due to a stronger dollar, which makes commodities denominated in the USA currency more expensive for holders of other currencies.
Oil prices fell for a third day on Thursday, dropping towards USD 64 a barrel as rising USA inventories, record output and a stronger dollar outweighed high OPEC compliance with its supply-cutting deal.
In earlier trading, prices fell as a pledge by President Donald Trump on Thursday to impose tariffs on steel and aluminum imports sparked worries of a looming global trade war with several countries such as China.
The Organization of the Petroleum Exporting Countries (OPEC) will hold a dinner on Monday in Houston with USA shale firms, the latest sign of the producer group widening talks about how best to tame a global oil glut.
A market tilted toward the supply side eventually pushed the price of crude oil below $30 per barrel and members of the Organization of Petroleum Exporting Countries are working to drain the overhang on the global market through coordinated production cuts.
Soaring U.S. production has pressured oil futures at a time when OPEC members and Russian Federation have reduced output in an attempt to support prices.
OPEC officials are expected to meet US shale executives next week in Houston, at the annual CERAWeek conference, presented by IHS Markit. The price difference between oil and fuel has been narrowing - something that can be a bearish signal for oil prices because it could translate into lower demand from refiners, analysts said. "A transition of the deal is needed but not yet visible, with both an over-tightening and an orderly unwinding being potential scenarios", said Norbert Rucker, head of commodity research at Swiss bank Julius Baer. Oil prices dropped more than 4% in February.
OPEC's cut, which began a year ago, has nonetheless helped to boost prices from levels below United States dollars 30 seen in January 2016.
While this is cooler than what we've been experiencing the past several days, it's still 5-10 degrees warmer than average. The main threat with this system will be strong winds and heavy rain, but a spin up tornado or two can not be ruled out.
Despite the distraction, the French pair managed to finish within two points of Canadian leaders Tessa Virtue and Scott Moir. Papadakis' costume came undone early on during the pair's short dance routine Monday (which aired here Sunday).
The three were allegedly in touch about a report on the controversial trial of former Ukrainian prime minister Yulia Timoshenko. However, the DOJ admitted that there was no evidence that any member Trump campaign was involved in the alleged attempt.
Freshman student Cienna Dorny signed Romney's petition and snapped a picture on her iPhone of her posing with the candidate. McConnell lauded Romney, the former MA governor and 2012 presidential candidate, as an instantly respected junior senator.
Xi was elected as the head of the party and president in 2013 and later took over as head of the military. Wang, in the end, didn't remain on the PSC-though there's still a chance that he may not actually retire.
Her sister and then-boyfriend confirmed to the Times two years ago that they heard about it at the time. Earlier this month, porn star Stephanie Clifford claimed she is free to detail her affair with Trump.
The ice will result in very slippery conditions on sidewalks, roads and bridges, including during Tuesday's morning commute. There is a chance of more precipitation late Thursday through Sunday , with a snow-freezing rain mix possible.
State Department spokeswoman Heather Nauert said on Twitter that Yun was leaving his position for personal reasons. Secretary of State Rex Tillerson "has reluctantly accepted his decision and wished him well", Nauert said.
The center is averaging 16.2 points, 9.4 boards and 1.1 blocks in 17 games with the Charge this season. James, on the other hand, had 30 points, but also had nine rebounds and eight assists like Simmons.
Best bets for Wilder-Ortiz
Actually, if Ortiz loses to Wilder he could make a lot of money as an opponent down the road fighting up and coming prospects. " Deontay Wilder has tried to sell his whole fight on Anthony Joshua - he should worry about Luis Ortiz ", he said .
Vladimir Putin Unveils 'Invincible' Nuclear Weapons
Putin said that Russian military experts and diplomats would be ready to discuss new weapons systems with their USA counterparts. News reporter and Today Show anchor Megyn Kelly has scored her second interview with Russian Prime Minister Vladimir Putin .
Seven people detained in killing of Slovak Journalist
Fico accused the opposition Wednesday of using the murder as a "political tool to get people out on the streets and gain power". He and his girlfriend were found dead on Sunday at his home in Velka Maca, 65 km (40 miles) east of the capital Bratislava .
Bound gas pipeline breaks ground on Afghan section
He assured the leaders of Turkmenistan, Afghanistan and India , Pakistan's full cooperation in making TAPI a success. He said the TAPI pipeline project has changed into an economic corridor as it contains a railway and power project.
Russian Figure Skater Evgenia Medvedeva to Meet EXO
Once again, it was Zagitova who came out on top, heading into Friday's free skate with a slight advantage over Medvedeva. All she did then was win both her regular Grand Prix events, the Grand Prix Final and the European championship.
Smith, Baddeley lurk on leaders at Riviera
It was a magnificent back-nine performance on a Riviera layout that took its toll on most of the contenders. The biggest moment for Watson involved his desperation to find a bathroom after they teed off on the 14th.
The Google app has a screenshot editing feature in beta
New users, on the other hand, will need to head over to the Play Store to download and install G Pay on their handset. There is also priority in the app, which will allow you to see which emails are from your friends and family first.
Winter weather advisory for ice, snow in region
The 0.4 inches of snow on Saturday boosted Madison's February total to 13.3 inches, 6.6 inches above normal. We will stay below freezing in the areas that are already dealing with the freezing rain and drizzle.