Oil, briefly up on lower rig counts, falls on USA output outlook

Oil, briefly up on lower rig counts, falls on USA output outlook

Futures in NY were little changed after surging 3.2% on Friday, the most since July 25.

"The market continues to flip back and forth on the idea that increased global demand and a production cut is going to support prices. but USA production, and North American production levels in general, is going to negate a lot of the impact of that", said Gene McGillian, director of market research at Tradition Energy.

Brent crude oil could slide below $60/bbl as a surge in US shipments to Asia threatens to undermine the production cut deal between OPEC and its allies, according to ING analysts, in contrast to bullish views from Goldman Sachs and others who see prices supported as strong demand soaks up supply from the U.S.

UConn, Irish, Louisville, Miss. State top seeds in women's NCAAs
Speaking of the Bulldogs, they are one of the three other projected No. 1 seeds by ESPN along with Louisville and Notre Dame. The Huskies have wins over 10 ranked opponents , including projected No. 1 seed Louisville and perennial power SC .

US West Texas Intermediate (WTI) crude futures were at $61.20 a barrel at 0122 GMT, down 16 cents, or 0.2 per cent, from their previous close. The dollar tends to have an inverse relationship with oil prices, as a weaker greenback makes dollar-denominated commodities cheaper for holders of other currencies. "We have monthly reports from the International Energy Agency and OPEC in the coming days to influence prices, but for now, crude is having a downbeat start to the week, unwinding some of Friday's effervescent rally". Total volume traded was about 34% below the 100-day average. The contract climbed 3% to $65.49 on Friday. That followed government data showing the U.S. added 313 000 jobs in February, the biggest increase since July 2016 and more than the median estimate of 205 000 new positions.

American explorers cut the number of rigs drilling for oil by four, the first decline since mid-January, Baker Hughes data showed Friday.

Broader markets were roiled by U.S. President Donald Trump's decision to go ahead with tariffs in imported steel and aluminum, sparking fears of a trade war.

Kirk Cousins Tags Two Possible Landing Spots In Farewell Post To Redskins
Cousins and Keenum appear to be the No. 1 and No. 2 free agent options for the Denver Broncos, according to KUSA-TV's Mike Klis . Cousins had mentioned in an interview that he would "love it" if the Denver Broncos are interested in him, which they are.

It is not clear when the deal to withhold output will end, but Iranian oil minister Bijan Zanganeh said Opec could agree in June to begin easing current oil production curbs in 2019, the Wall Street Journal reported yesterday.

The US consumer price index comes out Tuesday. Contributions of 200 words or more will be considered for publication.

Chiefs set to release Tamba Hali
Hali didn't record a sack and his release will save Kansas City $7M, but will incur a dead money hit of $1.7M. Hali, a first-round pick of the team in 2006, has battled balky knees the last few years.

Related News:

  • Congress member hurls mike at Telangana Legislative Council Chairman, expelled

    Congress member hurls mike at Telangana Legislative Council Chairman, expelled

    Goud suffered injuries as a microphone, allegedly thrown by Congress MLC Komatireddy Venkata Reddy hit him. As expected, the Telangana State Assembly took strict disciplinary action against the Congress MLAs.
    India grounds Pratt-powered A320neos

    India grounds Pratt-powered A320neos

    The DGCA has also ordered the airlines not to refit the engines even though there are spares in their inventories. Indigo has been asked to ground 8 A320 Neos.
    Spotify makes South African debut

    Spotify makes South African debut

    Suggestions will be vetted, and users' metadata recommendations will be ranked based on the quality of their past submissions. Amazon Music Unlimited has 16 million paying subscribers, and Pandora Media Inc has 5.48 million total subscribers.
  • Tease wins Crufts amid protest at the NEC

    Tease wins Crufts amid protest at the NEC

    The Best in Show award was the culmination of Crufts, a four-day event which attracted nearly 21,000 competitors. Ms Short had just proudly stepped up to the podium with her Best In Show victor when the commotion unfolded.

    Jose Mourinho SLAUGHTERS Frank de Boer after Marcus Rashford criticism

    Rashford was deadly at Old Trafford, grabbing both his goals within the first twenty minutes of action to set United up for smooth sailing for the rest of the match.
    Thomas helps Lakers to win over LeBron, Cavs

    Thomas helps Lakers to win over LeBron, Cavs

    The Sixers are on the rise, but they appear to have too far to go before they are ready to become true contenders. After drubbing the Cleveland Cavaliers on March 11, they took another step closer to that goal.
  • Apple Lands First Animated Series, Central Park

    Apple Lands First Animated Series, Central Park

    The 26-episode order (two 13-episode seasons) will focus on the story of a family of caretakers who live in Central Park . The tech giant has already secured numerous projects, including an untitled thriller from M.
    Auschwitz bookkeeper dies before jail sentence

    Auschwitz bookkeeper dies before jail sentence

    Groening, a former SS sergeant, was convicted in July 2015 of being an accessory to the murder of 300,000 Jews. Groening's role at Auschwitz rose to prominence when he gave interviews in 2005 about his work at the camp.
    Anushka Sharma Virat Kohli new photo will send romantic waves

    Anushka Sharma Virat Kohli new photo will send romantic waves

    Besides Virushka , cricketer Yuvraj Singh and Hazel Keech's love pad is on the 29th floor of this upscale project. Anushka, on the other hand, has been busy with the shooting of her upcoming film, Sui Dhaaga with Varun Dhawan.
  • Dead After Helicopter Crashes Into NYC River While Pilot Escapes

    Dead After Helicopter Crashes Into NYC River While Pilot Escapes

    Witnesses on a nearby waterfront esplanade said the helicopter was flying noisily, then suddenly dropped and quickly submerged. Bystander video posted on Twitter shows the helicopter landing level, then capsizing as its rotors slap the water.
    Browns to trade Kizer to Green Bay

    Browns to trade Kizer to Green Bay

    However, ESPN reported that the 10-time Pro Bowl selection said via email that his "decision will be based purely on my health ". Tim Benz says the Landry acquisition was a great haul, but the several other deals haven't quite moved the needle enough.
    Trump to visit largest border city opposed to wall

    Trump to visit largest border city opposed to wall

    Trump's arrival will come just days after his Justice Department sued to block state laws created to protect people living in the US illegally.


Most liked

Former Minnesota Vikings QB Case Keenum to sign with Denver Broncos
In Minnesota's two playoff games, he tacked on 589 more yards, two touchdowns, three picks and a 60.2 completion percentage. After reaching the peak of Super Bowl 50 two years ago, the Broncos have sunk on the heels of two playoff-less seasons.

Assassin's Creed Origins' undead pharaohs expansion gets thrilling launch trailer
Along with a new storyline, players will get a new level cap of 55, new levels for crafting, resources, and a few new abilities. There will also be new outfits and gear to unlock, alongside rare and legendary weapons all themed around Egyptian mythology.

GOP Chair Claims Long Red Pa.-18 a 'Democrat District'
Donald Trump won the 18th Congressional District by 20 points against Hillary Clinton in the last presidential election. TRUMP: That's much easier than doing what I have to do because - but this is much more effective.

Donald Trump blocked Broadcom's bid for Qualcomm
The move demonstrates the high value that the administration places on maintaining the US edge in developing micro technologies. Despite the deal's relatively small US$15 million price tag, Naura's success in getting the nod from CFIUS is notable.

Indian Wells: Roger Federer leads Delbonis but rain spoiled the party
He is making a cautious return to the ATP Tour after stopping his 2017 season following Wimbledon, due to a right elbow injury. Just struggled also a little bit with (my) health the last couple of weeks.

Hillary Clinton Nearly Falls Down Stairs Twice In Purported Video From India
Then she turned to Trump's voters: "And his whole campaign - "Make America Great Again" - was looking backward". She accused Trump of "stalking me" on the stage.

Mega Millions, Powerball jackpots for Tuesday and Wednesday total $738 million
The woman's lawyers argued her privacy interests outweigh what the state said is the public's right to know who won the money. The commission says it will consult with the attorney general's office to determine what to do next regarding the case.

John Cena Challenges The Undertaker to a Match at WrestleMania
This was the only match on the card where I had to go back and check on who I predicted to win . And we preserve our outright dream match between Shinsuke Nakamura and AJ Styles .

NASA suspends People's Assembly forums after unity talks
The former Prime Minister, it is understood, also apologised to his colleagues over the manner in which he had handled the issue. Odinga for acknowledging that the country was facing a unity crisis hence the need to commence a healing process.

Metropolitan Opera fires music director emeritus, Cincinnati native James Levine
He said he was reaching out to police in Lake Forest because some of his encounters with Levine took place there in the mid-1980s. The more than three-month-long investigation involved interviews with more than 70 individuals, according to the Met.

Married lawmaker resigns after reportedly making out with lobbyist
The website did not identify the woman shown in the video but described her "as a lobbyist for various municipality groups ". Pictured, Republican Iowa Senate Majority Leader Bill Dix on his wedding day with then new wife, Gerri Dix.

BRING ON THE BUCKEYES! SDSU Men Draw Ohio State In Boise
Gedaka has contributed 11.6 points and 5.1 rebounds per game while coming off the bench in all but one game on the year. When the at-large bids were announced during the Selection Show, it was no surprise to see Ohio State's name called.

How big of an economic threat are Trump's steel and aluminum tariffs?
The bloc says that it's a close ally of the US and therefore any import levies on national security grounds are unjustified. Trump said last Thursday that he was slapping tariffs of 25 percent on imported steel and 10 percent on aluminum.

Colombian gov't to resume peace talks with guerrilla group ELN
Even though the Farc has been far behind from what was anticipated, the peace deal assures few seats to be won. Results of Sunday's vote, however, show that many still disagree with the terms of the 2016 peace deal .

Hearthstone: 6 new cards from the new 'Witchwood' expansion
That works like a modified Charge, letting minions attack other minions - but not the opposing hero - right away. Hearthstone: The Witchwood can be pre-purchased starting today, at the price of $49.99!