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[WTI crude futures were at USD 57.38 per barrel, up 11 cents, or 0.2 per cent, from their last settlement.US energy firms this week cut the number of oil rigs operating for the first time in three weeks week after US crude production hit an all-time high.Sydney: Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth.International Brent crude oil thread screw barrel futures were at USD 67.26 a barrel at 0005 GMT, up 14 cents, or 0.2 per cent, from their last close. They ended on Friday little changed after touching their highest since Nov 16 at USD 67.73 a barrel.US West Texas Intermediate (WTI) crude futures were at USD 57.38 per barrel, up 11 cents, or 0.2 per cent, from their last settlement.

WTI futures climbed 0.5 per cent on Friday, having marked their highest since Nov 16 at USD 57.81 a barrel.“Crude prices continue to be supported on optimism a trade deal will be reached in the coming days by the world’s two largest economies, said Edward Moya, senior market analyst, OANDA.President Donald Trump said on Sunday he would delay an increase in US tariffs on Chinese goods scheduled for later this week thanks to progress in trade talks and said if progress continued, he and Chinese President Xi Jinping would seal a deal.Signs of reduced global oil supply also supported crude prices.US energy firms this week cut the number of oil rigs operating for the first time in three weeks week after US crude production hit an all-time high, boosting exports to a record-peak and stockpiles to their highest in over a year.Meanwhile, Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years.end-ofTags: oil price, opec, crude oil oil import, brent crudeLocation: Australia, New South Wales, Sydney.

Brent crude futures were trading at $46.06 per barrel at 0051 GMT, up 21 cents, or 0.5 per cent, from the last settlement.dc-Cover-64t4qlqq53h3on42dqhmqmu802-20160721074723.Medi_.jpeg Brent crude futures were trading at $46.06 per barrel at 0051 GMT, up 21 cents, or 0.5 per cent, from the last settlement. Singapore: Oil prices rebounded in early Asian trade on Thursday after falling around 3 percent in the previous session, supported by an unexpected fall in U.S crude inventories.US crude inventories dropped by 559,000 barrels in the week to September 9, defying analysts expectations granulation screw barrel Suppliers of a crude build of 3.8 million barrels.Brent crude futures were trading at $46.06 per barrel at 0051 GMT, up 21 cents, or 0.5 per cent, from the last settlement. U.S.

West Texas Intermediate futures were up 12 cents, or 0.3 per cent, at $43.70 a barrel.Crude prices fell about 3 per cent for a second straight day on Wednesday following a 4.6 million barrel build in US distillates inventories. The jump was the biggest weekly build since January and put distillate stocks at six-year seasonal highs."It's good news at this time of the year to see a draw like that (in crude stocks)," said Ric Spooner, chief market analyst for CMC Markets. "But the market seems to be more concerned at the moment about the possibility of a sharp increase of the supply from Libya."Crude prices have fallen by around 8 percent in the last five trading sessions, and concerns are growing over the possibility of returning crude supplies from Libya and Nigeria."Both Nigeria and Libya have seen domestic conflicts curb exports. However, both are looking to resume some facilities in the coming weeks," Australian bank ANZ said in a note.Libya is working to lift force majeure at its port of Zueitina, indicating that Libyan crude exports could start flowing soon.Expectations that Nigerian crude supplies could also be returning as offers for October-loading Qua Iboe crude have emerged even as force majeure on the grade remains in place.end-of

29 per cent at USD 60.99 per barrel in New York.On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0T On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0.28 per cent, at Rs 3,959 per barrel in 18,786 lots.61 per cent down at USD 55.New Delhi: Crude oil prices gained Rs 11 at Rs 3,959 per barrel on Thursday as speculators created fresh positions on spot demand.end-of crude oil, multi commodity exchange, brent crude, China granulation screw barrel Suppliers west texas intermediate.

Location: India, Delhi, New Delhi.Globally, West Texas Intermediate was 0.Analysts said raising of bets by participants kept crude prices higher in futures trade here.25 per cent, at Rs 3,972 per barrel in 269 lots.25 per cent, at Rs 3,972 per barrel in 269 lots.28 per cent, at Rs 3,959 per barrel.Crude oil for December was quoting higher by Rs 10, or 0.Crude oil for December was quoting higher by Rs 10, or 0.63 per barrel.Meanwhile, Brent crude, the international benchmark declined.

The US Energy Information Administration (EIA) reported a drop of 3.47 per barrel at 0050 GMT, up 3 cents from their last close.85 per barrel at 0050 GMT, down 18 cents, or 0.Crude inventories swelled by 4. Singapore: International oil prices dipped on Friday over doubts that a planned cut in crude production could be achieved on a scale sufficient to rebalance a market that has been oversupplied for two years."Oil prices (in the US) rose overnight despite rising stockpiles in the US, as fuel supplies in the US fell to the lowest level this year," ANZ bank said in a morning note on Friday.35 per cent, from their previous close.85 per barrel at 0050 GMT, down 18 cents, or 0.6 million bpd in September PRODN-TOTAL.

"Talk of cutting output in some quarters appears to be morphing into talks of a freeze in supply.ongc_0_1.7 million barrels for distillates, which include diesel and heating oil, and a 1.35 per cent, from their previous close.International Brent crude oil futures LCOc1 were trading at $51. That followed five consecutive weeks of drawdowns.Traders said the dip was a result of scepticism that a planned oil output cut by the Organization of the Petroleum Exporting Countries (OPEC) and potentially non-OPEC member Russia would be sufficient to rein in a global production overhang which has been ongoing for two years and still stands around half a million barrels per day (bpd) in excess of consumption.

Only Russia churns out more oil, at almost 11 million bpd.US crude production C-OUT-T-EIA has jumped by a quarter since mid-2016, to a record 10.57 million barrels, which is close to the five-year average level around 420 million barrels.82 per barrel at 0325 GMT, up 34 cents, or 0.Brent on Wednesday marked its highest level since November, 2014 at $73.Reuters reported on Wednesday that top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, which was seen as a sign that Riyadh will seek no changes to an OPEC supply-cutting deal that was introduced in 2017 to boost prices Oil prices have the potential to rise another 15 per cent over the remainder of 2018.That's more than Saudi Arabia produces.4 per cent, at $68.Further supporting oil prices is an expectation that the United States will re-introduce sanctions against OPEC-member Iran, which could result in further supply reductions from the Middle East. So they might continue to squeeze the lemon while they have the chance,"said Greg McKenna, chief market strategist at futures brokerage AxiTrader.Since the start of the voluntary restraint, crude inventories have been gradually declining from record levels toward long-term average levels.54 million barrels per day (bpd).

Brent crude oil futures LCOc1 were at $73.“The Saudis and their colleagues in OPEC need higher oil for their fiscal positions and the Kingdom is on a bold – and costly – reform program.1 million barrels in the week to April 13, to 427.91 a barrel.Singapore: Oil prices on Thursday remained close to late 2014-highs reached in the previous session as US crude inventories declined and as top exporter Saudi Arabia pushes for prices of $80 conical twin screw barrel to $100 per barrel by continuing to withhold supplies.In the United States, the Energy Information Administration (EIA) said on Wednesday that commercial crude stocks fell by 1.US West Texas Intermediate (WTI) crude futures CLc1 were up 28 cents, or 0.With crude prices on the rise, those producers not participating in voluntary restraint are ramping up output.82 per barrel at 0325 GMT, up 34 cents, or 0.75 a barrel. WTI hit its strongest since December, 2014 at $68.“We are rapidly transitioning from a market drowning in oil (2014-2016) to a new reality of undersupply and low storage levels,” said Richard Robinson, manager of the Ashburton Global Energy Fund.“Oil prices have the potential to rise another 15 per cent over the remainder of 2018,” Robinson said.Led by Saudi Arabia, the Organization of the Petroleum Exporting Countries (OPEC) and a group of other producers that includes Russia started to withhold output in 2017 to rein in oversupply that had depressed prices since 2014.end-ofTags: oil price, crude oil, opec, oil production, brent crudeLocation: Singapore, –, Singapore.Brent crude oil futures LCOc1 were at $73.5 per cent.93 per barrel.5 per cent, from their last close.