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.
The former NY senator blamed then-FBI Director James Comey reopening the case right before the election on her shocking loss. Strzok and Page used words like "idiot" and "loathsome human" to describe Trump during the campaign.
However, he also suggested that it was likely a deal had already been agreed and it seems as if Barkley's time at Everton is over. Barkley refused to sign a new contract with Everton and the club have been willing to sell the midfielder since the summer.
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'.
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.
And as a post by NASA on the "supermoon trilogy" explains , the January 31 supermoon will be definitely worth taking a look at. Blood moons are a much creepier way to describe total lunar eclipses , which turn the astronomical body a vibrant crimson.
Known in Israeli politics as "the bulldozer", he has succeeded in advancing numerous large infrastructure projects countrywide. Palestinian Authority President Mahmoud Abbas has said the United States can no longer be a fair broker in the peace process.
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.
The accident occurred in Luxor, in southern Egypt, which is popular with tourists due to its number of ancient temples and ruins. A woman was killed and 19 others were injured Friday morning when a hot air balloon crashed in Egypt, according to authorities.
The organisation's CEO Shane Carey welcomed the visit saying: "We're having the spotlight shone on us from all the world's media". Meghan Markle at radio station and community project Reprezent FM on Tuesday.
Fire crews immediately upgraded the fire to two alarms when they arrived on the scene because they ran into a major problem. The Racine Fire Department responded to two fires inside homes late Sunday night, December 24th.
Liverpool attacker Salah named African Player of the Year
The announcement was made at the 26th edition of the Confederation of African Football (CAF) awards gala held in Accra. He netted the stoppage time penalty against Congo, which sent the Egyptian team to the world cup competition.
Amber Warning as Storm Eleanor hits Yorkshire
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.
Activist Erica Garner Dies at 27
Garner was the daughter of NYPD chokehold victim Eric Garner , whose death fueled the rise of the Black Lives Matter movement. We send our heartfelt prayers and condolences to her friends and family during this time .
Drunk man leads police to hotel room arsenal
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.
Trump fires entire HIV/AIDS council by FedEx letter
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.
Trump tells NYT he thinks Mueller will 'be fair'
Trump continued to characterize the Russian collusion investigation "as a hoax, as a ruse, as an excuse for losing an election". Trump called it "too bad" that Attorney General Jeff Sessions recused himself from the Russian Federation probe.