Published: Fri, April 27, 2018
Global News | By Stacy Ballard

Crude prices up amid U.S. inventory data

Crude prices up amid U.S. inventory data

Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram is printing in the black with a declining trajectory which reflects consolidation.

"French President Macron appears to have little hope that he would be able to persuade US President Trump to remain in the nuclear agreement".

President Trump will announce his decision about the Iran deal on May 12.

Second Palestinian Journalist Shot By Israeli Troops During Gaza Border Protests Dies
Ahmed Abu Hussein, 24, died from his wounds on Wednesday at an Israeli hospital, where he had been transferred. Israel has faced worldwide condemnation for its response to Palestinian demonstrations at the border.

"We think markets have not fully priced-in the size and magnitude of Iranian sanctions". An additional 250K to 300K barrels a day could come off the markets, and will solid demand refiners would quickly eat into inventories.

Also, traders had said that the high oil prices and the surging United States exports were making it harder to sell Russian, Nigerian and other oil grades in Europe, where the USA oil flooded.

USA crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels, while domestic output, driven by shale extraction, climbed by 46,000 bpd to 10.59 million bpd.

Racist tweets by top National Football League prospect Josh Allen emerge on draft day
But the Bills clearly fell in love with Allen's potential, centered around his arm which is considered the strongest in the class. UCLA's Josh Rosen was still on the board. "Not as much pass-rush production for a guy with his physical traits".

However, over the last three months, as Permian crude has slumped, Delek shares have soared, returning more than 30 percent, with HollyFrontier close behind at 25 per cent, besting all other independent refiners. Exports of distillate inventories have been strong of late, draining inventories on the East Coast, a traditional parking spot for distillates like jet fuel.

Venezuela's crude production has fallen from nearly 2.5-million barrels per day (bpd) in early 2016 to about 1. -million bpd due to a political and economic crisis. The increase, the department said, rose by 582,000 barrels per day last week.

The analysis of data obtained by Naija News has it that the EIA showed that the U.S. crude oil exports averaged 1.12 million bpd past year, with the highest daily export of 1.73 million bpd recorded in October. Expectations were for a small 1-million-barrel draw. Gasoline stocks grew by 840,000 barrels, versus forecasts in a Reuters poll for a 625,000-barrel drop. Over the last months, gasoline demand averaged about 9.4 million barrels per day, up by 1.3% from the same period a year ago.

Asaram Bapu gets lifetime imprisonment for raping minor girl
Two other co-accused - Shipi and Sharatchandra - in the case were also convicted and have been sentenced to 20 years in jail each. Not much headway has been made in any of the cases, said Utsav Bains, who is the counsel for the 16-year-old raped by Asaram.

Natural gas futures added 0.2% to $2.813 per million British thermal units, as traders looked ahead to weekly storage data due later in the global day amid expectations for a withdrawal of 12 billion cubic feet.

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