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Oil prices rallied on Wednesday, after the U.S. Energy Information Administration reported an unexpectedly large U.S. oil inventory drawdown last week.
WTI crude hit its highest since July 2015 after the Energy Information Administration said USA stockpiles fell by 5.2 million barrels in the week ended Friday, dashing analysts' expectations for a build. Analysts polled by S&P Global Platts expected a 2.5 million-barrel climb, while the American Petroleum Institute late Tuesday (http://www.marketwatch.com/story/oil-futures-rise-as-sources-say-api-data-show-surprise-us-crude-supply-decline-2016-10-18) reported a decline of 3.8 million barrels.
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $51.03 per barrel at 1100 GMT, down 57 cents from their last close.
Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in US crude oil stocks helping bullish sentiment from an expectation of an OPEC-led cut in production. In the previous week to Oct 7, stocks grew by 4.9 million barrels. During this time of year, refineries go into maintenance which causes a drop in demand because less crude is needed to produce gasoline and other fuel products.
Crude imports averaged 6.9 MMBPD, down 954,000 BPD from the previous week's average, EIA found.
Brent crude settled up 16, or 0.3 percent, at $51.68 a barrel.
Lodha Panel Trying to Run Cricket in the Country: BCCI
The court asked why the BCCI had not done so when the Lodha Committee had provided it various opportunities to argue its case. He also demanded initiation of civil as well as criminal contempt against them to ensure that the majesty of law prevailed.
Families leave Calais Jungle for new life in south of France
A Home Office spokesman said: "We can confirm a group of children who left the Calais camp this morning have arrived in the UK". He has been speaking as the first 14 children who have come from The Jungle migrant camp in Calais are being welcomed to the UK.
Mike Pence Isn't Qualified to Be President, Either
He is set to face Democratic nominee Hillary Clinton Sunday in the second presidential debate of the General Election. But Pence later indicated he would stand by Trump and was in attendance at the Sunday night debate.
The price for Brent crude oil was up 0.9 percent to start the day in NY at $52 per barrel.
Saudi crude exports in August fell to 7.305 million barrels per day from 7.622 million bpd in July, data showed on Tuesday.
USA crude-oil stocks have now dropped 26.5 million barrels since the beginning of September, according to Troy Vincent, an analyst at ClipperData.
OPEC is working with non-member states on a proposal to curb, or possibly even cut, production levels in an effort to stimulate crude oil prices. A deal could lift prices as high as $60 by the end of this year, Saudi Arabia's Energy and Industry Minister Khalid Al-Falih said at the World Energy Congress in Istanbul.
"So, while the headline number was bullish, we wouldn't call it extremely bullish given the large gasoline build", said Tariq Zahir, a trader in timespreads of WTI at Tyche Capital Advisors in NY. It's not demand that's keeping the market suppressed, he said, but the glut of oil on the market.
The VanEck Vectors Oil Services ETF (NYSEMKT: OIH) traded up about 2.8% to $30.68, in a 52-week range of $20.46 to $32.78.
However, he has offered few specifics on how he would address Social Security's long-term financial problems. Since 2009, the cost-of-living hike has been more than 2 percent only once, and has been zero three times.
The Blues were ahead inside seven minutes when Nemanja Matic flicked on Eden Hazard's corner for Diego Costa to smash home. Next Wes Morgan blocked as Kante came close to capping a supreme performance with a goal .
Mars has become a graveyard for many a mission seeking to explore a planet that has captured the human imagination for millennia. The lander will be searching for signs of alien life on Mars, as well as conducting a series of scientific experiments.
Reports emerged on Thursday that ministers could back expansion at both Heathrow and Gatwick, an option Mr Osborne dismissed. But his fellow Conservative MP Kwasi Kwarteng, for nearby Spelthorne, said the number was "way off the mark".
The post came hours before Kim was robbed at gunpoint by a reported five armed men in the apartment building she was staying in. And the couple, who are set to welcome their first child together in five weeks, are facing fresh claims about their romance.
Also starring Patrick Stewart, Stephen Merchant and Elizabeth Rodriguez, Logan is earmarked for launch on March 3, 2017 . An albino mutant, Caliban has a mutant tracking ability that made him a valuable member of both the Morlocks and X-Force.
The emails also gave insight into tension and turmoil within the Clinton Foundation while Clinton was secretary of state. Band wrote that when Graham called him, she was in her auto parked near the water with her foot on the gas pedal.
The Keeping Up with the Kardashians star is now looking forward to a low-key celebration among close friends and family. Some jerk even had the nerve to record her in her apartment after the robbery , while she was talking to police.
Now, Gaga is having some fun at their expense, tweeting them about her new single "A-Yo" and asking if they like it better. But if I wear a black T-shirt and black trousers every day, (people) might listen to what I write.
In September , Apperson was found guilty of attempted second-degree murder, armed aggravated assault and shooting into a vehicle. The bullet went through the passenger's side window and was lodged in Zimmerman's vehicle frame, just above the window.
CDC: Sexually Transmitted Disease rates are rising
As a result young people who need help are struggling to access places where they can find help, diagnosis and treatment. Nearly 400,000 gonorrhea cases were reported a year ago , which adds up to an almost 13 percent increase from 2014.
Creepy clown sightings in Hampshire
Another Facebook group, also titled Perth Clown Purge, posted that their page was being shut down due to a police investigation. Two women dressed as clowns were arrested in MI last week after allegedly chasing and threatening two 14-year-old girls.
Red Dead Redemption 2 Coming Fall 2017
The publisher, best known for the Grand Theft Auto series also promised, "a brand new online multiplayer experience". An image of the game showing what appears to be the Red Dead franchises protagonist, John Marston, on the far left.
Hillary Clinton's Lead Grows In Post-Video Poll
Libertarian Gary Johnson's support was at 9 percent among likely voters, and Green Party candidate Jill Stein stood at 2 percent. The GOP nominee also said he was looked forward to his third and final debate clash with Clinton next week in Las Vegas.
Missiles Fired Again At US Ship Near Yemen
Yemenis wounded in the civil war there were also flown over for treatment in Oman aboard the same plane, it reported. Kerry declined to identify the two Americans released by the Houthi militants. "Their names are not being released".
US demands release of Iranian-American and father jailed by
Baquer Namazi was arrested on February 22 and taken to Tehran's Evin Prison, where his son Siamak has been jailed since October. Siamak Namazi was most recently working for Crescent Petroleum, an oil and gas company in the United Arab Emirates.
Netflix soars 20% as new subscribers stream in
According to a research note published on Tuesday, Nomura Securities has improved its price target on Netflix, Inc . Netflix has been expanding in worldwide markets to counter slowing growth in the US.
Ohio State vs Wisconsin: Highlights, score and recap
Unfortunately for them, it'll be another tough test next week as they travel to Happy Valley for a Whiteout under the lights. Their best National Football League prospects are a pair of outside linebackers, senior Vince Biegel and junior T.J.
Man City has 2 penalties saved, draws 1-1 with Everton
We know we are hard to beat. "We did absolutely everything - Everton create just one chance which was a goal", said Guardiola. City have won eight penalties already this season - but have failed to score three of them.
52% of adults call election 'significant' source of stress
Regardless if one is a Democrat or a Republican supporter, election stress appears to be universal in this 2016 US election. Find balanced information on all candidates before voting and avoiding "catastrophizing" about the election result.
Bill Belichick expresses support for Boston cops
Wednesday for the report of a fight between roommates. "He told me one time, 'I dare one of these officers to try to shoot me". People who attended the vigil wore blue in honor of the police officers. "I can't thank them enough", Evans said.