Oil slid as investors waited to see if US government data will confirm that crude stockpiles rose last week, and as the International Energy Agency warned of a ceiling for prices next year.
The global crude market will rebalance next year if the Organisation of the Petroleum Exporting Countries (Opec) holds output at current levels - but oil prices are not expected to rise in 2018, a new forecast has suggested.
West Texas Intermediate for November delivery was at $50.82 a barrel on the New York Mercantile Exchange, down 48 cents, at 10:59 a.m.in London. Prices are up 4.4 percent this week.
However, the EIA also reported a 2.5-million-barrel rise in gasoline inventories for last week, exceeding analyst expectations of a 1.4-million-barrel increase, and in contrast to API estimates of a 1.575-million-barrel draw. In China, the world's second-biggest oil market, crude imports in September jumped to the second-highest on record. "That's on the supportive side", said Olivier Jakob, managing director of oil consultancy PetroMatrix.
Global oil stockpiles will fall this year by 300,000 barrels a day as stronger demand and output curbs by OPEC and Russian Federation whittle away a surplus, the IEA said Thursday in its monthly report.
United States president Donald Trump is also expected to make an announcement on the Iran nuclear deal, which is due for renewal this weekend.
China's huge imports have been strongly driven by purchases for its strategic petroleum reserves. Instead, he gave the U.S. Congress 60 days to decide whether to reimpose sanctions.
Brent crude futures, the global benchmark for oil prices, were trading at $56.75 per barrel at 0649 GMT, up 14 cents, or 0.25 percent, from their last close.
The hurricane is expected to weaken somewhat Friday night but remain a hurricane for the next couple of days. Hurricane Centre confirmed gusts of 100mph are now emanating from the centre of the hurricane.
You'll have a chance to unlock Halloween-themed items from last year's event, along with 50 all-new items via re-opened crypts. Last year's skins are back for Halloween Terror 2017 in Overwatch , and Blizzard has added a few fresh new ones.
Landing of 47 in-bound flights and departure of about 35 flights was rescheduled and many flights were delayed, an official said. State of Sea is very likely to be rough to very rough along and off north Odisha and West Bengal coasts.
District Court for the Southern District of NY , the venue in which the league has filed suit to confirm Elliott's suspension. But for now the suspension stands and the focus shifts to NY where the National Football League has filed it's own lawsuit.
At one point, Masse said, two of the children wandered into the room and "he screamed at them to leave". The actress said she was called to meet with the movie mogul at the hotel when she was 17 years old.
McGowan concluded her tweets by calling on Bezos, 53, to "stop funding rapists, alleged pedos and sexual harassers. Following the controversy, Twitter explained the reason for suspending the actress' account.
Samsung claims that the phone lasts for about 9 hours of internet use, 41 hours of playback time, and 12 hours of talktime. Samsung has lately unveiled its new budget smartphone in company's J-series line up - the Galaxy J2 2017 edition.
Rukmini Callimachi, a correspondent for the New York Times, also said two senior USA officials denied that Jones was dead. British IS recruiter Sally-Anne Jones, dubbed the White Widow, is understood to have been killed in a U.S. drone strike.
Russian Federation becomes the third major economy in the span of a month to put the clamps on cryptocurrency . The soaring value of bitcoin and other cryptocurrencies comes despite growing warnings over a price bubble.
According to the company, 10 given phrases have to be repeated for training the assistant to recognize a particular voice. Alexa will recognize their voice without you having to manually switch between profiles, or tell Alexa who you are.
Mexico has been more assertive with Washington , talking openly about abandoning NAFTA if need be or slashing imports of US grain. But he added: "President Trump played the role of "the terminator" on the proposed Trans-Pacific Partnership trade deal".
Yankees Set Rotation For ALCS, Masahiro Tanaka Gets Game 1
In that series, Tanaka pitched for NY in Game 3 allowing 3 hits, while striking out 7 and walking 1 in New York's 1-0 win. Houston Astros pitcher Collin McHugh is on the team's roster for their ALCS matchup against the New York Yankees .
Now You Can Order Food Through the Facebook App
All Facebook is really doing here is launching an in-app browser so you can get a meal without ever leaving the app. Of course, the " Order Food " app is an attempt to keep Facebook users inside its app for longer periods of time.
Kim and Kourtney Kardashian Go Baby Shopping in Short Shorts
It's thought that Kylie's baby is due in February, with a source saying: "They started telling friends a few weeks ago". Of course it is possible that she was just carrying her dry cleaning or something, but it does look pretty suspicious.
Hamas, Fatah reach preliminary deal on governing Gaza
A major sticking point has been the Hamas military wing and its arsenal, which Hamas has said is not up for discussion. Palestinian Authority President Mahmoud Abbas has said he wants weapons to be under unified control.
Tropical Storm Ophelia close to hurricane status
The core of Ophelia is located about 1,220 kilometres southwest of the Azores and the storm is moving east at 3 6 km/h. Center officials said the hurricane is forecast to drift northeastward over the next 24 hours.
Big Yellow Group plc (BYG) Price Target Cut to GBX 725
In a note issued to clients and investors by Shore Capital on 10 October, Marston's PLC (LON:MARS) stock "Buy" was maintained. The lowest target is $80.0 while the high is $105.0. $17.67's average target is 38.59% above currents $12.75 stock price.