"The ever-expanding USA supply continues to pose significant downside risk to oil prices", said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore. While Friday's jump helped push prices higher for the week, futures are still below their peak in January, with the market struggling to recoup losses from last month's broader market slump.
West Texas Intermediate for April delivery traded at $62.06 a barrel on the New York Mercantile Exchange, up 2 cents at 1:35 p.m.in Tokyo.
"Venezuela is obliged to supply barrels to China and Russian Federation to pay back debts, so not too much is left for others, mainly India", Ehsan Ul-Haq, director of crude oil and refined products at consultancy Resource Economist, told Reuters.
Oil prices settled with a loss on Monday (http://www.marketwatch.com/story/oil-prices-pull-back-from-strong-finish-last-week-as-market-renews-us-supply-watch-2018-03-12), giving back part of the sharp gains seen in the previous session as recent data showed a rise in weekly USA output, as well as expectations for a further increase in domestic production next month.
In oil markets U.S. energy companies cut oil rigs last week for the first time in nearly two months, with drillers cutting back four rigs, to 796, Baker Hughes energy services firm said on Friday.
Oil prices shot up more than 3 percent in Friday trading after oil and gas services company Baker Hughes reported a dip in rig activity in North America.
Oil prices fell with the release of this EIA report on Monday and it looks like the downside pressure will continue on Tuesday. Total volume traded was about 37 percent below the 100-day average.
Both crude benchmarks dropped by around one per cent the previous session.
Showing the lowest level since 2015, U.S. crude inventories dropped 1.1 million barrels in the week of January 19, according to the Energy Information Administration (EIA).
Workers at Libya's Zawiya oil export terminal started a strike on Monday over delayed salary payments, according to people with knowledge of the matter, who asked not to be identified because they are not authorized to speak to media.
USA crude oil production soared past 10 million barrels per day (bpd) in late 2017, overtaking output by top exporter Saudi Arabia.
Among refined products, Nymex reformulated gasoline blendstock-the benchmark gasoline contract-was down 0.5%, at $1.89 a gallon.
However, Oklahoma State is one of his First Four Out, meaning a good Big 12 tournament could push them into the selection show. Graham , by the way, said he had some sort of bug for the quarterfinals contest, but "felt much better today".
Gordon claimed Leal attacked him for no reason, and that she is "crazy", though he did not want to pursue any charges against her. A wrongful death lawsuit is not a criminal charge of murder, which requires the burden of proof to be "beyond doubt".
Hardy was fingerprinted and taken before a magistrate where he was given a written promise to appear in court. He has a court date scheduled for April 16 and his drivers license has been revoked for a minimum of 30 days.
Prediction: Providence, after an incredible run in the Big East Tournament, is one of the hottest teams in the country. If the Aggies advance to the Second Round, things do not lighten up, as A&M would likely face 2-seed North Carolina.
He has a simple strategy for today: "I'll try to really focus on breathing". "Couple big roars and put a smile on my face". Woods ended the round equal second with fellow American Brandt Snedeker (67) and Englishman Justin Rose (66).
Johns, Duval and Volusia is also up by 0.5 points in each of those counties, which could hint at a regional slowdown. Gains in health care and social assistance (3,700) were offset by small losses in educational services (700).
The train station was temporarily closed as police stopped protesters from accessing the tracks, British Transport Police said. National Rail said all lines had been suspended in and out of Piccadilly, the city's main train station, due to the protests.
And if Pelosi were in charge of the House, Trump said, Lamb would simply "vote the party line". "And I want to help him". Todd, whom Trump derided throughout the campaign as "sleepy eyes Chuck Todd ", responded to Mnuchin with a deadpan tone.
There was disagreement between the two over the Iran nuclear deal, the Trans-Pacific Partnership, Syria, Russia, North Korea. Trump's position: Last June, Trump announced that the United States would pull out of the Paris climate agreement.
They drafted a tackle in both the first and second rounds of the 2015 NFL Draft , those being Cedric Ogbuehi and Jake Fisher . This trade allows them more valuable picks to move up in the first round and find their quarterback of the future.
Mandal, some local BJP leaders too are said to be scuttling the chances of the party nominee Pradeep Kumar Singh. The by-poll in Araria Lok Sabha seat was necessitated by the death of RJD MP Mohammad Taslimuddin.
Jordy Nelson declined big pay cut from Packers
The net result is that Green Bay will replace Nelson by signing free-agent tight end Jimmy Graham ( according to ESPN ). He has twice caught more than 1,000 receiving yards in a season, but not since 2013 - his final year with the Saints .
Browns to acquire CB Damarious Randall
Although Barkley and Bell are both extremely talented pass catchers out of the backfield, they have different playing styles. The Cleveland Browns have agreed to trade for Buffalo Bills quarterback Tyrod Taylor , according to multiple sources.
Kylie Jenner Opens Up About Pregnancy With Stormi In Fan Q&A
Quite obviously we were fools for thinking this, as she is a Kardashian by blood and a member of Snapchat/Insta/actual royalty. She also revealed that Stormi and Chicago, Kim Kardashian and Kanye's West's newborn daughter, are already besties .
A look at the nasty cut that nearly ended Tom Brady's season
Tom Brady is a man that can do anything he wants to do on the football field...except catch a wide open pass in the Super Bowl. Brady went through some acupuncture treatment on the dinged digit before suiting up for the January 21 showdown.
Venus triumphs in Williams sisters battle
Venus did her part to set up the marquee match when she dismantled world No. 35 Sorana Cirstea 6-3, 6-4 in just 79 minutes. Open finalist Madison Keys; two-time Grand Slam victor Garbiñe Muguruza and reigning US Open champion Sloane Stephens.