Oil prices were broadly steady on Thursday as an easing of trade tensions between the United States and China and a surprise draw in US crude inventories last week supported the market.
"There is speculation that the Saudis are going to lower prices for their Asian customers", said Bob Yawger, director of energy futures at Mizuho in NY.
"But increasing trade friction between China and the USA is likely to rock global markets and tarnish bullish sentiment in crude oil markets".
"The two countries are using discretion in their actions, and it does not look like the situation is developing into a full-scale trade war yet", said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.
Oil fell after China said it would levy tariffs on $50 billion of US imports in retaliation against measures by President Donald Trump, fanning concerns that economic growth and fuel demand could be hurt.
Rising U.S. oil output is being overshadowed by geopolitical concerns, however, particularly the uncertainty over the U.S. position on whether to continue to waive sanctions against Iran, due for review in May. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents to settle at $63.37 a barrel, off 0.22 percent. Total volume traded was 12 above the 100-day average.
At the time of writing, WTI traded at US$62.38 a barrel and Brent crude was at US$67.11.
In the United States, crude stockpiles unexpectedly fell 3.28 million barrels last week, the American Petroleum Institute was said to report. The EIA data also showed that American oil production rose to an unprecedented level of 10.5 million barrels a day last week, topping 10 million barrels a day for a ninth week.
U.S. President Donald Trump threatened to impose new tariffs on China, prompting investor worry of a trade war between the two biggest countries in the world. China's Ministry of Commerce said it would levy 25 percent tariffs on imports of 106 US products including automobiles and aircraft. The Asian nation said on Wednesday it would levy an additional 25-percent tariff on about $50 billion of United States imports, following which the White House National Economic Council Director Larry Kudlow spent much of the day trying to calm markets. China's ambassador to the U.S., Cui Tiankai, also said his first choice would be to consult the U.S. over trade.
The relief is temporary for the actor as the Bishnoi community, who registered the case earlier are unhappy with the bail verdict. Khan applied for bail after the lower court Thursday ruled him guilty under wildlife protection laws and ordered the jail term.
The Alliance of American Football league named Spurrier head coach of a new professional league team based in Orlando. To help him steer the league, Ebersol has brought on former NFL general manager Bill Polian, now an analyst for ESPN.
Barley said it was now up to Spain to prove their embezzlement charges against Puigdemont , which she said "won't be easy". Misuse of public funds carries a sentence of around eight years at Spain , while a rebellion sentence can hit 30 years.
Last year, a similar case of slitting of throat by the militants surfaced in Hajin. "The inhuman way in which the youth was done to death is against the social ethos and cultural value system of the State", said Ms.
Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period. Zeke Ashton increased its stake in Brown & Brown Inc (BRO) by 82.81% based on its latest 2017Q4 regulatory filing with the SEC.
Having emerged victorious and won the first license, AMC will open its first theater in Riyadh in two weeks time on April 18. The first film the cinema will screen will be hit Marvel superhero flick Black Panther , a source added to Reuters .
German news agency dpa reported that police confirmed arrests in connection with the half-marathon but gave no further details. Meanwhile, investigators are still trying to establish the motive for the ramming.
Nebenzia said: "Great Britain refuses to cooperate with us on the pretext that the victim does not cooperate with the criminal". Security Council meeting in NY on Thursday , during which Russian Federation warned Britain that it was "playing with fire".
These projects range from a test bed for growing plants to the new Veggie PONDS experiment for passive nutrient delivery. NASA will document the payload's arrival to the space station on its livestream NASA TV starting at 5:30 a.m.
If current gains for S&P 500 hold, it would be the best three-day run since Trump's election victory in November 2016. JPMorgan Chase gained $1.79, or 1.6 percent, to $112.22 and Citigroup added $1.16, or 1.7 percent, to $70.47.
By one estimate, as many as 24.3 million people may not respond to the Census if it includes a citizenship question. Department of Commerce's alleged "unconstitutional and arbitrary decision" to add the citizenship question.
Sarwan Singh, the younger brother of Nishan Singh -- who was also killed in Iraq, said the minister's statement was unfortunate. To a query, he said that had they got any clue about the Indian men, they could have been saved like nurses were saved in Iraq.
Conor McGregor storms UFC 223 media day
Conor McGregor hit the headlines for the wrong reasons on Thursday after being stripped of his UFC lightweight title. This weekend's fight against Alex Caceres provided Lobov an opportunity to try to end a two-match losing streak.
U.S. stocks fall on tech weakness, Treasuries slip
In 1.49pm trading in NY , the Dow Jones Industrial Average rose 0.7 percent, while the Nasdaq Composite Index gained 0.2 percent. The June gold contract closed up $19.60 at US$1,346.90 an ounce and the May copper contract was up two cents at US$3.05 a pound.
Trump Threatens To Leave NAFTA, Says DACA Deal Is Off
Such proposals are likely to face opposition from moderate Republicans and Democrats going into the midterm elections. They had a great, great chance, but we'll have to take a look because Mexico has got to help us at the border.
Oklahoma teachers will fight 'until hell freezes over' if needed
Oklahoma is dealing with a severe teacher shortage, and many districts have moved to four-day school weeks in order to save money. Churches and organizations such as the Boys and Girls Club and Girl Scouts are offering daycare or camp-style accommodations.