The American Petroleum Institute reports its weekly inventories numbers this afternoon, followed by the government's official report tomorrow morning.
According to Iran's oil ministry news service Shana, Bijan Namdar Zanganeh said "members of the Organization of the Petroleum Exporting Countries (OPEC) are not keen on increased Brent Crude prices to above 60 dollars per barrels because of shale oil".
OPEC has no formal target for oil prices. USA commercial crude inventories fell by 7.4 million barrels (MMBbl) in the week ended December 29, to 424.46 MMBbl, according to data from the Energy Information Administration.
"Led by USA production, particularly the Permian Basin, and now new oil sands projects in Canada, non-OPEC production is forecast to continue growing through the end of 2019", John Conti, the agency's acting administrator, said in a statement.
"I am now on the lookout for bearish technical patterns to emerge on oil prices as I believe they will struggle to go north of $65-$75 per barrel given the above fundamental consideration", said Fawad Razaqzada, technical analyst for Forex.com.
Most recently, traders and oil market observers are waiting to see whether President Donald Trump on Wednesday extends US sanctions relief to Iran as part of the 2015 worldwide agreement to curb the Islamic Republic's nuclear program.
However, some analysts believe market participants are getting to optimistic, especially given expectations for an increase in US shale production.
Oil prices firmed on Monday after a dip in the number of United States rigs drilling for new production, with crude holding just below the highs of almost three years reached last week.
Senties says investigators don't believe the man intended "to use the weapons or to cause any kind of issue". Police had not yet interviewed the man, and had not yet determined why he had an arsenal in his hotel room.
A Winter Weather Advisory is in effect in Marion County from 9 p.m. this evening through noon on Christmas Eve. Icy roads could make overnight travel slippery in portions of Warren, Morris and Sussex counties.
Trump hailed that move on Twitter Friday, saying: "The Mercer Family recently dumped the leaker known as Sloppy Steve Bannon ". Trump personal lawyer Charles Harder said in a statement, "Legal action is imminent", according to media reports.
Indeed, several people took to Twitter to share videos and pictures of flooding in and around the Galway area. Storm Eleanor , the fifth winter storm of the season, is expected to make landfall this evening.
Oprah Winfrey, meanwhile, will receive a special honour at the Golden Globes, after being awarded the Cecil B. An insider claimed: 'All female actresses attending the Globes are protesting by just wearing black gowns'.
At PACHA's last meeting in August, the Council urged the Administration to affirm the National HIV/AIDS Strategy through 2020. The Trump administration this past week dismissed the remaining members of a federal advisory council on HIV and AIDS.
It's been nine years between [Cristiano] Ronaldo and [Lionel] Messi, and now Kane's name is there". "For me, he's world class". Scoring goals for fun. "It was hard not to think about it going into the game being level", Kane said. "I'm very proud of it.
DACA has become a bargaining chip as Congress moves closer to having to pass a spending bill or shut down the government. House Majority Leaders Kevin McCarthy, R-Calif., then added quickly that Republicans want security included.
Current updates to macOS and iOS protect against Meltdown, and Apple is working on providing better protections against Spectre. Nearly all the devices with chips produced in the two recent decades are believed to be affected by Meltdown and Spectre .
Florida's minimum wage set to increase on January 1
And that is the same rate for smaller companies with annual gross receipts of $305,000 or less per year, after January 1, 2018. Cuomo estimates more than 2.3 million people will benefit from the wage increase.
Winter Weather Advisory noon Saturday through 1 AM Sunday
The weather impact will be for the northern and southern Clearwater mountains, and the Bitteroot/Sapphire mountains. The National Weather Service in Pittsburgh has issued a Winter Weather Advisory that will be in effect from 7 p.m.