Oil prices fell on Monday on expectations that USA output will rise this year, erasing earlier gains buoyed by lower weekly US rig counts and falling US unemployment. S. data showed the economy in February added the most jobs in more than 1-1/2 years. Rig counts serve as a loose gauge of future production, though the slip has been overshadowed by steady upward revisions to expectations for total US crude oil production.
Brent crude, the benchmark for more than half the world's oil, traded at $65.07 a barrel at 10:11 a.m.in London on Monday, compared with about $45 in June. S. supply against the likelihood that the Organization of the Petroleum Exporting Countries (OPEC) will maintain supply cuts that have been in effect more than a year.
Oil markets climbed on Monday on the back of a drop in the number of United States rigs drilling for more production and as the USA economy continues to create jobs, which industry hopes will drive higher fuel demand.
Benchmark 10-year notes last rose 8/32 in price to yield 2.8663 percent.
But the analyst seems to think this might be a fait accompli, because the OPEC deal is giving "market share to the U.S." via a surge in exports to the coveted Asian market, the traditional bastion of Middle East producers - and that this will encourage some nations to retaliate by boosting supply.
"Nothing really stood out", said Goncalves, head of US rates strategy at Nomura Securities International in New York."You can consider that a good thing, given this year will see more and more Treasuries issued".
Solace for Uber as Ola officially launches in Sydney SoftBank is also the largest shareholder in Uber, after the Japanese telecom firm recently bought 15 per cent of its stake. Ola, a ride-hailer originally out of India, launched in Sydney Monday following its introduction in Perth last month.
The broader trend remained positive for Wall Street's main indexes, which had closed up almost 2 percent on Friday on the strength of the jobs report. Some of the pressure is coming from a recovery in the U.S. Dollar, which could affect foreign demand. The dollar index fell 0.24 percent, with the euro up 0.26 percent at $1.2337.
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.
Crosstown rival USC did not receive an at-large bid, despite its second-place showing at the Pac-12 Tournament . Bonaventure is driven by the guard play of seniors Jaylen Adams (19.8 points per game) and Matt Mobley (18.5).
However, after levelling up at 2-2, Federer hurried to a one-set lead in the next four games, winning three of them to love. Federer, a 20-time Grand Slam champion, has already won the Australian Open and Rotterdam Open this year.
Some experts are concerned that North Korea could be seeking to delay global action while strengthening its nuclear program. Recounting his visit to Pyongyang , Chung said Kim Jong-un seemed genuine and honest .
But an aggressive AB de Villiers cameo took the game away from Australia as he hit four fours and one six in a 26-ball 28. How he has played the game since has been a credit to the man and his teammates around him.
Manchester United boss Jose Mourinho defended Jurgen Klopp after the Liverpool manager fumed at defender Dejan Lovren . But the Portuguese disputes the idea that Rashford is being held back under his charge.
Over on the Notre Dame side, they're sitting at 20-14 on the year. "It's kind of a fitting end to how our season went", Brey said. A potential Notre Dame-Oklahoma State championship game would be pretty fun. "I know we beat (the Orange) on their floor".
It was only just recently that the much beloved Rick Ross [VIDEO ] was reportedly in the hospital on life support. Rapper Biz Markie also paid tribute , saying: "He had two flawless singles and the platonic rap remix".
Trump's top economic adviser Gary Cohn has resigned in apparent protest over the controversial tariffs. President Donald Trump later this month, according to industry sources familiar with the matter.
Potential trade war threatens global economic growth, OECD warns
Global economic growth accelerated past year as higher investment and falling unemployment drove pickups in most major economies. The Paris-based organisation said the world economy was on course to expand at an annual pace of 3.9% over the next two years.
Pogba misses training ahead of Sevilla tie
Rivals Watch: Following the four ties that were played last week, there are four more last-16 games taking place this week. David De Gea was undoubtedly the stand-out performer as the Reds played out a goalless draw in Andalucia three weeks ago.
CM Punk teases a fight at UFC 225
It's been rumored for a while now, and where there's smoke, there's more often than not fire. June 9th, 2018 is when UFC 225 happens in CM Punk's own hometown of Chicago, Illinois.
Storm Team 11 Forecast: Cloudy with scattered flurries
A few sprinkles will be possible in Eastern Kentucky for Wednesday and Thursday , with a wintry mix possible for Friday . Under clear skies and with winds going calm Wednesday morning lows will once again drop into the upper 30s to lower 40s.
NASA wants you to send your name to the Sun
The probe will help scientists uncover mysterious regarding sun that has been accumulated in last six decades and more. NASA will soon launch its Parker Solar Probe towards Sun but that's not all.
Lumentum to Purchase Oclaro For $1.8 Bln
Cowen restated a "buy" rating and set a $8.00 price objective on shares of Oclaro in a research report on Tuesday, February 6th. Nj State Employees Deferred Compensation Plan has 80,000 shares for 0.13% of their portfolio. (NYSE:COH) for 35,855 shares.
Flake Introduces Bill to Nullify Trump Tariffs
Trump's remarks at a campaign rally Saturday night are the latest example of his inappropriate behavior, Flake said. Flake said on NBC's " Meet the Press ". "But that's not to say it will stay that way", Flake responded.