WTI the previous day hit its highest since November 2014 at $75.27 a barrel. West Texas Intermediate, the USA benchmark for the price of oil, was up 1.51 percent to $75.06 per barrel, its highest level since November 2014.
Brent crude futures were changing hands at $78.04 per barrel, up 28 cents, or 0.4 per cent, from their last close.
On July 4 (which, as a reminder, is the anniversary of that time 563 years ago when Trump's ancestors liberated Manhattan from a cabal of nefarious Chinese overlords who were conspiring with European monarchs to unfairly tax Ford F-150 exports), the President did what every other president before him has done on Independence Day: He sent a 280-character, all-caps letter to OPEC demanding lower oil prices. While Trump says he wants lower oil prices, U.S. sanctions against OPEC members Iran and Venezuela are adding uncertainty to the market, causing prices to spike.
Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States.
This is while world oil prices have climbed higher as the Trump administration has pressured U.S. allies to end all purchases of oil from Iran. This must be a two way street.
Anirban Lahiri bounces back at Quicken Loans National Francesco Molinari cruised to an eight-shot win at the Quicken Loans National after firing an impressive 62 on Sunday. The 35-year-old eagled the 10th hole and followed with four consecutive birdies as a magical 59 appeared in sight.
Cabinet approves Rs 200 per quintal hike in MSP for paddy The move comes ahead of crucial elections in Madhya Pradesh and Chhattisgarh and the general elections due in 2019. As against to this, the government's formula used calculating the input cost considers only the sum of A2 and FL.
Miki Sudo downs 37 dogs to win fifth women's title Chestnut said he had "a vision" for this year's win, and seemed to be unfatigued after "10 minutes of work". The contest will take place July 4 at Nathan's Famous restaurant at Coney Island, New York .
Crude oil prices rose on Tuesday with the US benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya.
OPEC together with a group of non-OPEC producers led by Russian Federation started to withhold output in 2017 to prop up prices.
Recent price rises have also been spurred by a USA announcement that it plans to reintroduce sanctions against Iran from November, targeting oil exports.
"A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the United States decision to end the Iran deal", National Australia Bank (NAB) said in its July outlook. OPEC reached an agreement in June to increase output, but this did little to stop the rise in oil prices.
Iran has threatened to block oil exports through a key Gulf waterway in retaliation against any hostile USA action. That means just three countries, Russia, the United States and Saudi Arabia, meet a third of global oil demand.
"Don is like a master artist, who is adding rich details to the beauty of the other world in his close picture of Ceres ". While the name might not ring a bell even among space enthusiasts, the "bright spots" contained within the crater should.
He made a number of announcements, revealing that Reliance Jio now has 215 million users, and JioPhone has 25 million users. Other connectivity options include Wi-Fi, Bluetooth, NFC, GPS, FM Radio, 3.5mm audio jack, and a MicroUSB 2.0 port.
Starting on Monday, the campaign focuses on tariffs being issued by China, Canada, Mexico, and the European Union . Critics dismissed Beijing's commitments as vague, and Trump chose to proceed with the tariffs after all.
There was something old, something new and something blue on show on Monday as Serena Williams swapped the skin-tight catsuit that caused a stir in Paris for a more conservative look on her return to Wimbledon for the first time since becoming a mum.
A poor Kyle Walker giveaway in the 81st minute nearly cost them, but Juan Cuadrado blazed over from a good position. Brazil remain favourites at 11/4, while Harry Kane is odds-on at 1/4 to bring home the coveted Golden Boot.
It will be one of 75 pledges in a government plan, along with an $8million fund, to tackle issues revealed in the survey. The survey, which had over 108,000 respondents, shows LGBT people are experiencing prejudice on a daily basis.
Trump has said on Twitter that abolishing ICE will "never happen!" The sign was taken down about an hour after being discovered. It was later found out that the other seven had a banner stating "Abolish ICE", but the climber was not with them.
National Basketball Association superstar Stephen Curry and his wife, Ayesha , shared photos of their new baby boy on Wednesday. Steph shared a different, color photo of Canon with the message, "On this journey, on this quest. protect me.
A source told TMZ.com : "He first hooked up with Chyna two to three months ago, hitting her up on Instagram after learning they had the same lawyer ".
Setback for Kim Dotcom in mega online piracy battle
German-born Dotcom, who has New Zealand residency, became well known for his lavish lifestyle as much as his computer skills. Dotcom's lengthy legal battle has previously seen the District and High Courts find against him.
Trump asked aides why we can’t just invade Venezuela
Washington might indeed have not entirely given up on an idea of an intervention, or at least a military coup in Venezuela. Trump!" Maduro said Trump's question to his advisers came after Venezuelan opposition figures visited the White House.
Coinbase’s New Custody Service Opens Its Doors
In a blog post , Coinbase said that "Custody" received its first deposit last week will continue to onboard new clients. The cold storage system in particular has undergone "rigorous penetration testing" and a cryptographic design review.
Manchester United sign Stoke keeper Grant - Premier League 2018
Grant represented the England national team at various youth levels, but has never been selected for the Three Lions' senior side. Bringing in Grant will allow Pereira to move away on a temporary spell and gain some valuable first-team experience elsewhere.
Two critical after 'major incident' near poison site
The Skripals spent weeks in a critical condition in the same hospital before recovering slowly and being discharged. Mr Rowley is a registered heroin addict and police and doctors initially thought the incident was drug-related.
Mario Hezonja agrees to sign with New York Knicks
The signing of Hezonja ensures that Knox won't just be thrust into the starting role and given a sink or swim ultimatum. Thankfully for the New York Knicks , the David Fizdale Effect is already being felt in his first offseason at the helm.
Exciting progress in development of artifical ‘ovaries’
But still, the experts say that the experiment is in its initial development stage and human testing will have to be carried out. Although the risk is quite low, yet women with specific kinds of cancer could not get this treatment.
Three suspects charged with kidnapping Halloween actor
If convicted, Stewart and Jones face a maximum possible sentence of life with no possibility of parole, while Neal faces life. Jones is being held on $3 million bail, Stewart is being held on $2 million bail, and Neal is being held on $1 million bail.