Lyft joins Uber to end forced arbitration for sexual assault victims
Jets host Preds with shot at West final
CALIFORNIA SCHEMIN': California Becomes First State to MANDATE Solar Panels
Fond du Lac's Gorske chows down 30000th Big Mac
Microsoft's Windows 10 April 2018 Update Improves Dictation, Adds Timeline, Other Features
Are bullish crude oil prices here to stay?
19 April 2017, 01:45 | Maryann Sutton
Are bullish crude oil prices here to stay?
Hedge funds boosted bets on higher WTI crude prices a second week as futures topped $53 a barrel for the first time in a month, U.S. Commodity Futures Trading Commission data show.
Benchmark Brent crude futures fell 48.8 cents at $55.40 as of 0315 GMT.
"The battle between the "sheiks and the shale oil producers" is far from decided. with all attempts by OPEC to achieve a lasting production deficit on the oil market being torpedoed by non-OPEC producers - first and foremost the US", analysts at Commerzbank wrote.
May output is expected to rise by 123,000 barrels per day to 5.19 million bpd, according to the US Energy Information Administration's drilling productivity report.
Despite a surge in USA shale production, the average cost for a barrel of Brent crude may rise by $10 by the end of the year, according to USA investment banking multinational Citigroup, as cited by Bloomberg.
Analysts say buying was suppressed by data showing that the USA oil rig count rose for the 13th straight week (http://www.marketwatch.com/story/baker-hughes-data-show-us-oil-rig-count-up-a-13th-week-in-a-row-2017-04-13) in the week of April 13.
"We should have a month of headline-driven trading in the run-up to the May 25 meeting", Gene McGillian, manager of market research for Tradition Energy in Stamford, Connecticut, said in a phone interview.
David Villa scores stunning goal in MLS
Last year, he won the MLS MVP award and his 45 goals over the last three years are more than any other player in that span . Check out his attempt from last season that hit the post.
The bank expects U.S. West Texas Intermediate oil to average $62 a barrel and global benchmark Brent crude to average $65 a barrel in the fourth quarter.
Oil producers are showing "very good" compliance with pledged production cuts, Saudi Arabia's Energy Minister Khalid Al-Falih said yesterday in Riyadh.
The IEA said the global oil market is close to balance, after three years of excess supply, as oil stockpiles across The Organization for Economic Cooperation and Development (OECD) countries fell by 17.2 million barrels in March.
"U.S. shale oil producers, particularly in the Permian basin, seem well convinced that they can make money at current prices and we're in no position to argue", Timothy Evans, a Citi Futures analyst said in a recent note. For the past four weeks, according to preliminary EIA data, the US has taken in about 12 percent less Saudi crude than the same time a year ago.
Members of Opec are cutting oil production by 1.2-million bpd from January 1 for six months, the first reduction in eight years. For example, following the market crash of 2008, oil producers reacted to rapidly increasing prices that by increasing drilling activity and production.
Highlighting the fact that the demand for Iran's crude exceeds its supply, Zanganeh noted, "We have no worries on selling oil, nor do we intend to wage a price war". That was the 13th straight weekly increase, and it took the total to its highest level in almost two years.
Tales In Tech History: RIP Windows Vista
Today's milestone for Windows Vista means that Microsoft will no longer offer any security or software patches for the OS. The takeaway from all of this: This is what happens when you refuse to upgrade to a current operating system.
Didier Drogba to end career in MLS
Plus Mills takes us through all the contenders for the PFA Player of the Year and the Young Player of the Year awards. He spent last season with MLS' Montreal Impact, appearing in 33 matches and scoring 21 goals.
Is Kylie Jenner Dating Travis Scott?
Kylie Jenner reportedly looked "really sad" after she saw her ex-boyfriend Tyga at the Coachella Valley Music and Arts Festival. Then again, it doesn't seem like Kylie Jenner necessarily wants to get over the way she feels about Tyga, a source notes.
Finn Balor Suffered Injury On Raw Last Night
That beer throw means that Gronk and Mahal officially now have the world's most intense drink-throwing feud going. It was because of what Rob Gronkowski did that Mojo Rawley was ultimately able to defeat Jinder Mahal .