Positive global cues lift crude oil futures

Oil price steady as U.S. drills increases

Oil price steady as U.S. drills increases

"The recent rise in oil prices will lead to a short-term reduction of pressures on GCC governments' balances sheets by reducing fiscal deficits and slowing the build-up of government debt", analysts at Moody's said.

SINGAPORE, April 24 (Reuters) - Brent crude oil rose for a sixth day on Tuesday to hit its highest since November, 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten just as demand reaches record levels.

Geopolitical conflicts across the world, production shortages in the U.S. and some African countries as well as confidence in the global economy had been successfully extending oil gains until last Friday. Brent, however, posted a new multi-year high before forming a potentially bearish technical closing price reversal top. "No good and will not be accepted!"

"Looks like OPEC is at it again".

Westbrook avoids suspension for Game 4 incident
We have to approach this game like it's Game 7 and see what happens there and keep this playoff run alive". They did it again throughout Game 4, missing shots early, but starting to nail them as the game continued.

"Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn".

"First, oil prices are rising, in part, because demand is so strong, not just because OPEC is keeping barrels off the market". The collapse in the oil price which started in the summer of 2014 saw it fall from above $110 to a low of $34 in January 2016.

Crude prices had been bolstered by a growing consensus in the market that President Donald Trump will move to pull the US out of a 2015 global accord to curb Iran's nuclear program. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High!

At the time of writing, Brent crude oil futures were trading at US$74.82, representing an increase of 45% year-on-year.

Milind Soman and Ankita Konwar gets hitched
Their haldi ceremony is going on and close friends and family members have shared some adorable pictures of the to-be's. Model turned actor Milind Soman and girlfriend Ankita Konwar hve been in a relationship since a long time.

LONDON, April 25 (Reuters) - Oil edged lower on Wednesday, but held in sight of three-year highs reached the previous day, as rising US fuel inventories and production weighed on an otherwise bullish market. Analysts believe that although higher oil prices may improve sentiment on the stocks, it may not necessarily be reflected by the share prices immediately.

Now, thanks to the massive output drop in Venezuela and the OPEC led production cuts, prices are being driven up. The United States has until May 12 to decide whether it will leave the Iran nuclear deal and re-impose sanctions against OPEC's third-largest producer.

Admittedly, the rise in fuel costs will eventually weigh on the disposable income of consumers and the profits of non-oil businesses.

Crude oil futures are trading lower early Wednesday as investors show their reaction to yesterday's dramatic reversal down and to a private industry report showing a slight rise in USA inventories.

OnePlus is offering free Avengers: Infinity War tickets in India
OnePlus has released a new teaser image revealing that the upcoming OnePlus 6 is made by expert craftsman with new materials. The base model of OnePlus 6 with 6GB RAM and 64GB internal storage is expected to be priced between Rs 36,999 and Rs 39,999.

The upshot is that we doubt Trump will take any action to reduce oil prices.

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