Oil edges up as Israel sets announcement on Iran deal
02 May, 2018, 01:41 | Author: Salvatore Jensen
US President Donald Trump is facing a May 12 deadline to decide whether to restart US sanctions against Iran, potentially ending the 2015 deal that halted sanctions in order to end Iran's nuclear program.
Crude has rallied this month amid heightened geopolitical tensions and Trump's indications that he might scrap the 2015 nuclear deal with Iran.
"They want to try and work out a deal that could be independent of any kind of Trump walk-away", said Bob Yawger, director of futures at Mizuho Securities USA Inc.in NY.
Oil prices rose on Monday as Israeli Prime Minister Benjamin Netanyahu presented what he called evidence of a secret Iranian nuclear weapons programme.
"We'll see oil fluctuating as uncertainties will persist over whether Trump will withdraw from the Iran nuclear agreement", Vincent Hwang, a commodities analyst at NH Investment & Securities, said by phone in Seoul.
The recent Dollars strength has negatively impacted Gold as the intensity of the USD correction caught most traders by surprise.
West Texas Intermediate crude for June delivery climbed 47 cents to settle at $68.57 a barrel on the New York Mercantile Exchange. "Reimposing US sanctions is not a foregone conclusion just yet".
Buyers were pressing for lower levels in part because of good availability of crude in Europe and the US and a wide gap between Brent and the US WTI benchmarks.
Brent was on track for a weekly gain of about 1 percent, while WTI was set for a weekly loss of about 0.3 percent. Investors are assessing if surging USA production, which has topped 10 million barrels a day every week since early February, will undermine efforts by the Organization of Petroleum Exporting Countries to balance the market via output cuts.
Angola, once Africa's biggest crude producer, is suffering sharp declines at under-invested offshore fields, with output dropping nearly three times as much as the nation pledged in an accord with fellow Opec members.
Saudi Aramco, the world's biggest crude exporter, appointed new board members with experience in global oil and petrochemical businesses as it plans a possible overseas share sale in what could be a record initial public offering. USA crude production rose by 46,000 BPD the previous week, to 10.59 MMBPD.
Over the past two months, WTI's discount to Brent has more than doubled to over $6 a barrel from around $3 at the beginning of March.
The U.S. dollar surged into positive territory for 2018 and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher.
Marvel spent years laying the groundwork for the big showdown, teasing its villain (Josh Brolin's Thanos) since 2014. The Marvel film raked in Rs 94.30 crore in its opening weekend and is all set to cross the Rs 100 crore mark today.
He said Russian Federation , in fact, is "speeding up the process" of delivering the missile systems at Turkey's request. The alliance has also enhanced cyber defenses and stepped up efforts to counter Russia's hybrid activities, he added.
And the Dolphins are hoping for more of the same in the NFL . "He's a hard match-up for people", Grier said . On the final day of the draft they'll be in the market for a defensive tackle and backup quarterback.
Last November more than 50 people were killed when suspected militants detonated a suicide bomb inside a mosque in the same town. For several years now, Boko Haram has waged a campaign of violence to try to create an Islamic state in the north of Nigeria.
The announcement comes at the tail of a regime offensive in the city including the Palestinian refugee camp Yarmouk. Hundreds of civilians were reported killed during the regime's assault on the neighborhood.
The victor of this first-round battle with take on Chael Sonnen , who advanced with his win over Rampage Jackson at Bellator 192. In fact, Putin is at almost every Emelianenko fight, especially those in Russian Federation or overseas .
A source said, "She has one foot out the door but is also holding on to the fact that her and Tristan can make it work". Despite the videos, Thompson was present at Hillcrest Hospital for the baby's birth.
After that incident, Southwest disagreed with a Federal Aviation Authority proposal about engine inspections, reported Reuters. Chavez was sitting three seats behind the smashed window, according to the document filed on Thursday in the U.S.
But right-back Carvajal is set to miss out after injuring his hamstring in Wednesday's first leg at the Allianz Arena. The game plan can only be to score two goals and keep a clean sheet at the back, the 22-year-old told German media.
On Instagram , Oswalt said: "Even though the cops are never going to say it, your book helped get this thing closed". Authorities alleged that he was responsible for 12 murders and dozens of rapes in California from 1976 to 1986.
Michelle Wolf's honesty is what America needs right now
Comedian Michelle Wolf hosted the White House Correspondents' Dinner this Saturday and shocked the crowd with her scathing set . As he did previous year , Trump flew to a Republican-friendly district to rally supporters in an attempt to counter the dinner.
Ashley Judd files lawsuit against Harvey Weinstein
In October, Judd sat down with ABC News' Diane Sawyer in her first television interview about her Weinstein allegations. Ashley Judd has sued disgraced mogul Harvey Weinstein for what the actress says was irreparable damage to her career.
Cowboys Trade For Running Back Tavon Austin
Austin is coming off a season in Los Angeles in which he recorded just 13 catches for 47 total yards and zero touchdowns. And that's the way the Cowboys are rumored to be interested in using the former Ram, as a running back .
Upcoming 6.1 inch cheaper iPhone to lack 3D Touch
As per Kuo, the phone will sport a stronger display glass which will not only be lighter but also more robust. The company is using LCD screen instead of OLED on the cheapest iPhone and will have Glass cover sensor.
Cowboys TE Jason Witten retiring after 15 seasons
Yet, Witten remained among one of the greatest players, men, and leaders the National Football League has seen in its history. ESPN declined comment and has had no announcement to reveal its new Monday Night Football broadcast team.