"We lack any certainty other than that the market is oversupplied in the USA and everybody else is trying to deal with it".
A US decision to grant waivers to some of Iran's oil customers, who faced the prospect of a drop-off in supply from sanctions that came into force in early November, has also helped soothe concern about availability of crude.
IEA's Birol also continued to warn OPEC and its partners against the impact of resuming supply cuts. The boom and bust in oil prices was all about Iran sanctions, which turned out to be a bit of a joke after its customers were given waivers. This major catalyst could be the OPEC/non-OPEC meeting on December 6-7, at which the cartel and allies may announce a fresh production cut to stop the price decline, stabilize markets, and erase fears of looming oversupply threatening to sink prices again.
The rising drilling activity points to a further increase in US crude oil production, which has already jumped by nearly a quarter this year, to a record 11.7 million bpd.
Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear market territory in November, completely wiping out this year's gains.
Singer Diddy’s baby mama, Kim Porter, dies at 47
As word of Porter's shocking death circulated throughout social media, entertainers sent their condolences. Atlanta native, T.I. posted, "We'll always love you and cherish your attractive spirit".
A trade dispute between the United States and China is one reason investors are a lot warier about the outlook for oil demand growth next year.
As trader await API inventory data tonight, expected to show a ninth weekly increase - the longest streak in a year - concerns grow that Russian Federation may not play nice with OPEC and cut production when they meet next month.
In a struggle to find firm footing after prices fell over $20 per barrel since early October, Brent on Monday settled up a paltry 3 cents to $66.79 per barrel, while West Texas Intermediate rose 30 cents to settle at $56.76. Total volume traded was about 5 percent below the 100-day average.
While Saudi Arabia has said producers may have to cut output by 1 million barrels a day, Novak wants them to "make a balanced decision, and so far there are no criteria for it".
In other news, US energy firms added two oil rigs in the week to November 16, bringing the total count to 888, the highest level since March 2015, according to energy services firm Baker Hughes. Meanwhile, the world's top producers - the United States, Russia and Saudi Arabia - have been pumping at or near records. 9, according to government data. "So far the daily lows from Friday and Thursday of last week have been violated and today's price action is now testing last Wednesday's low of $55.38 per barrel, on the way to testing last Tuesday's bottom of $55.11 per barrel", he said earlier in the day, when prices were lower.
You can buy the Sony PlayStation 4 Slim 1TB Spider-man bundle for less than $200 at Walmart , GameStop , and Best Buy . Now, we're going to look at the gaming consoles from Kohl's Black Friday ad, which are always some of the best deals.
The South Korean presidential spokesman said Mr Xi was also willing to come to South Korea next year at a convenient time . Korean Central News Agency reported that he told investigators that he was under the "manipulation" of the USA spy agency.
The First Amendment guarantees: "Congress shall make no law prohibiting ... or abridging the freedom of speech, or of the press". CNN sought an emergency hearing , saying in a Monday court filing that the administration was creating "retroactive due process".
Pelosi was speaker from 2007 through 2010 when Democrats briefly held the majority and has been the party's leader since 2003. Pelosi would be unable to secure the House Speaker position if 17 Democrats vote against her on the floor.
There are only about 100 movies available right now, AdAge reported, but the selection is expected to expand. The new free streaming facility also "presents a nice opportunity for advertisers", Dhawan said .
Theismann already had his career-ending injury on his mind before Smith's injury as it happened 33 years ago to the day. Sanchez, 32, spent part of last season with the Chicago Bears and has not been with a team this season.
The crisis was set into motion with Lieberman's resignation over the ceasefire, which he labelled "capitulating to terror". The security of the nation is beyond politics, and the security of the nation is also beyond personal considerations".
The incident prompted an immediate red flag and a delay of more than an hour before the race was restarted. She took to Twitter to provide everyone on her condition and thank everyone for their support.
Pakistan 37-0 after set 176 to win first Test
Yasir and Bilal Asif continued to bowl well, causing problems for the batsmen on a dry, turning surface. He reviewed Bruce Oxenford's decision but the television replays upheld the decision.
Finland memes Trump for suggesting ‘raking’ stops wildfires
Even so, Trump's leaf-raking comments were fodder for the internet, and Finnish people couldn't resist the joke opportunity. Apparently, President Sauli Niinistö never told him that " raking " prevents wildfires . "And they don't have any problem".
Stacey Abrams May Force Court to Consider a New Vote
As it stands now, Abrams is approximately 18,000 votes below the threshold that would require a December 4 runoff. Presiding over his own election, massive voter suppression, bullshit accommodations in minority populated areas.
Roger Federer beats Dominic Thiem at ATP Finals
Despite an easy 6-2, 6-3 victory over Dominic Thiem , Federer endured a moment he'd probably rather forget. He added: "Important for me is to play a good last match here in the round-robin, try to beat Kevin".
U.S. threatens to impose more trade tariffs on China
China's President Xi Jinping (習近平) stood left in the front row, so no interaction with the Taiwanese envoy occurred, CNA reported. Pence said the USA "commitment to the Indo-Pacific region has never been stronger".
US May Not Impose More Tariffs on China
Some analysts and officials have raised the possibility that the two presidents could agree to a ceasefire of sorts at the G-20. We are at $250 billion [in tariffs] now; we can more than double that", the vice president warned.