World stocks bask in United States jobs data glow

World stocks bask in United States jobs data glow

Brent crude futures were down $1.16, or 1.8 percent, by 11:45 a.m. EDT (1545 GMT), to trade at $64.33 per barrel.

Bloomberg quoted an ING analyst yesterday as saying that crude could fall below US$60 a barrel because of rising USA exports to Asia, a key market for every producer.

USA stocks, though, were little changed on Monday, with the S&P 500 .SPX up 0.1 points, or 0.00 percent, to 2,786.67. The contract on Friday jumped over 3% to settle at $62.04 a barrel on the New York Mercantile Exchange, turning what would've been a weekly loss into a climb of roughly 1.3% from the week-ago settlement.

A difference of opinion between members the Organization of the Petroleum Exporting Countries over whether higher oil prices could stimulate US shale output and crash the market spilled out into the open at the weekend.

"The big take away is the implied annual rate of change", James Williams, energy economist at WTRG Economics, told MarketWatch.

FILE PHOTO - A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.

The oil production in the United States is not the only problem.

Still, fears over increasing USA production continue to weigh on producers and investors.

Coutinho would welcome Neymar back to Barcelona: Arthur...?
Neymar's former Barca team-mate Ivan Rakitic , meanwhile, has admitted that he would love to have Neymar back at the Nou Camp. If I come here, a league without tradition, and they whistle me, I don't want to continue for one minute more.

Clinton on Trump-Putin ties
Clinton offered some rather unvarnished remarks in India this weekend that sound a lot like her "deplorables" commentary from September 2016 .

Anushka Sharma Virat Kohli new photo will send romantic waves
Also, for fitness freaks like Virat-Anushka, jogging or morning walks on the way inside the complex can be a boon. Virat and Anushka have always, on a regular basis, given major relationship and marital goals to everyone.

"The market continues to flip back and forth on the idea that increased global demand and a production cut is going to support prices", said Gene McGillian, director of market research at Tradition Energy.

That has undercut some of the enthusiasm for oil, as investors weigh increased USA supply against the likelihood that the Organization of the Petroleum Exporting Countries and non-OPEC producers will maintain supply cuts that have been in effect for more than a year.

OPEC's oil production cut agreement could start falling apart soon, as Saudi Arabia and Iran once again face off. It was the first such decline in seven weeks.

U.S. Stocks closed mixed, with the S&P 500 and Dow Jones Industrial Average ending in the red, while the Nasdaq Composite added about 28 points.

"The longer the deal goes on, it's going to start falling apart", Patterson said in an interview in Singapore, referring to an output-cut agreement between the Organization of Petroleum Exporting Countries and other producers including Russian Federation.

In other trading, April gasoline fell 0.5% to $1.894 a gallon, while April heating oil fell 1.2% to $1.865 a gallon.

While the U.S.is now pumping more than 10 million barrels a day, surpassing a record set in 1970, that boom is being accompanied by a surge in overseas shipments, helping drain stockpiles at the nation's largest storage hub.

Related Articles

  • 'We're Not Backing Down' On Tariffs

    'We're Not Backing Down' On Tariffs

    But in his remarks Tuesday, Trump also didn't back down from some of his more aggressive rhetoric on trade wars. German auto companies urged policymakers on Monday to avoid a trade war with the United States "at all costs".
    Cardinals will target QB Kirk Cousins, OG Andrew Norwell in free agency

    Cardinals will target QB Kirk Cousins, OG Andrew Norwell in free agency

    Over the last six seasons, Cousins played for the Redskins , taking over the starting job from Robert Griffin III in 2015. All those numbers suggest Cousins is a top 6 to 12 quarterback, but even good quarterbacks need good players around him.
    Browns LT Joe Thomas compares Tyrod Taylor to Russell Wilson

    Browns LT Joe Thomas compares Tyrod Taylor to Russell Wilson

    He added to the defense by getting Randall, while also adding a bridge quarterback in Taylor and a big receiving threat in Landry. In three seasons as the quarterback, Taylor went 22-20, throwing for 8,857 yards, 1,575 rushing yards and 65 total touchdowns.
  • Denver Broncos' 2018 free agency: Case Keenum solves QB issue

    Denver Broncos' 2018 free agency: Case Keenum solves QB issue

    He started 15 games for the Vikings in 2016, completing 71.6-percent of his passes for 3,877 yards and 20 touchdowns. The Broncos haven't made the playoffs since their Super Bowl win to close out the 2015 season.
    RS adjourned till 2 pm due to uproar over various issues

    RS adjourned till 2 pm due to uproar over various issues

    However, as the pandemonium continued, Kurien adjourned the proceedings of the House for the day after barely a couple of minutes. TDP MPs were also seen staging a protest in front of Gandhi statue in the Parliament premises at around 10:30 am today.
    NIT: Boise State To Face Washington

    NIT: Boise State To Face Washington

    We just went through the ACC Tournament and won three games in three days by a combined total of 10 points. The Huskers will travel to Mississippi State to take on the fourth-seeded Bulldogs (22-11, 9-9 SEC).
  • Bound flight makes emergency landing in Albuquerque

    Bound flight makes emergency landing in Albuquerque

    The airport tweeted their praise of the firefighters " for a quick response ". "Just made an emergency landing in Albuquerque". Southwest Airlines 737 like this had to make an emergency landing in New Mexico after an apparent onboard electrical fire.
    Mizzou Basketball's Jordan Barnett Arrested for DUI

    Mizzou Basketball's Jordan Barnett Arrested for DUI

    The Tigers are back in the NCAA Tournament and they have maybe the best player in the country and nothing to lose. Barnett has started every game for the Tigers this season, averaging 13.7 points and 5.9 rebounds per game.
    Federer wins, Djokovic out at Indian Wells

    Federer wins, Djokovic out at Indian Wells

    Federer, who already has two titles in 2018 after victories in Australia and Rotterdam, took the first set 6-3 against Argentina's Federico Delbonis in just under 40 minutes.
  • Bollywood singer Aditya Narayan arrested after car hits rickshaw, gets bail

    Bollywood singer Aditya Narayan arrested after car hits rickshaw, gets bail

    The police officials also asserted that after the accident, Aditya took the injured people to the hospital. The website quoted senior inspector Kiran Kale as saying, "It is a bailable offence".
    S. Korea to ease China over United States , N. Korea talks

    S. Korea to ease China over United States , N. Korea talks

    The South Korean newspaper cited an unidentified senior official in South Korea's presidential office. North Korea has also not yet formally responded to the announcement of talks last week.
    New York City helicopter crash victims (2018)

    New York City helicopter crash victims (2018)

    According to FDNY officials, the helicopter landed and then flipped over in the water. "They were the first boat on the scene". The pilot of the Liberty Helicopters " flight has been taken to hospital "for observation'. "He was just a very good man".