US West Texas Intermediate (WTI) crude futures were up 44 cents, or 1.0 per cent, at $43.45 per barrel.
Crude oil prices were firmly in positive territory in early Tuesday trading.
"The possibility that US refinery utilization may have likely peaked this calendar year, when combined with rising output, points to the prospect of higher crude-oil inventories", Geoffrey Craig, oil futures editor S&P Global Platts, wrote in a note late Monday.
A report emailed from S&P Global Platts said the analysts it surveyed are expecting US crude oil inventories to decline by 3.25 million barrels and gasoline stocks could drop 900,000 barrels. Official data from the Energy Information Administration will be released Wednesday, amid forecasts for an oil-stock drop of around 2.2 million barrels.
Brent crude oil futures rose 0.29 dollar or 0.64 percent to close at USD 45.83 a barrel at NYMEX.
The increase in USA drilling activity and shale production has mostly offset efforts by OPEC and other producers to cut output in a move to prop up the market. OPEC nations and 11 other exporters agreed in May to extend cuts of 1.8 million barrels per day (bpd) until March.
Analysts at Bank of America-Merrill Lynch said demand had not grown quickly enough to mop up any excess output.
The glut continues due to rising production in Libya and Nigeria-both OPEC nations exempt from the deal-as well as high output from American shale producers and Saudi Arabia's failed policy of cutting exports to force the USA and major Asian nations to tap into existing inventories. It said its production has surpassed 3.8 million bpd and is expected to reach 4 million bpd by March.
USA crude futures were up 92 cents, or about 2 percent, at $44.30 per barrel. Iran has also been allowed a small increase. "Short-term financial investors also significantly scaled back their net long positions in Brent on the ICE last week.and find themselves at their lowest level in a year and a half", Commerzbank said in a research note. "It will depend on the weekly US inventory data". "It makes sense that we're either going to stabilize or be up a little unless some news comes out".
Navalny's wife, Yulia, said on his Twitter feed that he was arrested about a half-hour before the demonstration was to begin. Police arrested the populist leader of the movement, Alexei Navalny, outside of his home before he could go anywhere.
He became the second Indian to win Australian Open Series after Saina Nehwal, and the first Indian male to win this championship. His performance has been consistent", he says."The past three weeks have been good for badminton overall.
The post TRUMP: I can tell you now that I am being investigated appeared first on The Independent Uganda: . An official of Trump's transition confirmed the lawyer's internal order, which was sent Thursday.
McCormack said the Hotpoint model FF175BP refrigerator-freezer had not been subject to any product recalls before the fire. At least one hotel chain is calling in experts to make certain its properties meet safety regulations.
India did manage to create a few opening even as Malaysia fell back to defend the lead, but the strikers sprayed the shots wide. Malaysia keeper Subramiam came up with a brilliant save to deny Akashdeep Singh when he was set up by Chinglensana for a goal.
Police on Monday released audio of the officers discussing a previous encounter with the woman before they reached the apartment. Cries from at least one of her children can be heard in the background, according to the audio released Monday, June 19.
As a result of the deal, Sirius was granted a 19% stake in Pandora , plus three seats on its board - including the Chairmanship. The board will begin searching for candidates to fill the position, and CFO Naveen Chopra will serve as interim CEO.
Apparently this won't be the end of Final Fantasy 15 as Square Enix has some news for fans at Gamescom 2017 in August. You can get the Regalia Type-D by speaking to Cindy at the Hammerhead service station.
The Philadelphia Flyers then grabbed center Nolan Patrick with the second selection. "You can't describe it". New Jersey is coming off its worst season in almost three decades, finishing with a 28-40-14 record.
Developers of those apps should take note of the situation and update their apps if they want to keep them in a working situation. The world's most valuable company has introduced a " Do Not Disturb While Driving " (DNDWD) feature as a part of iOS 11 update.
They were also opposed to the decision to extend an invitation last-minute for police officers to take part in the parade. Davis said he feels that Pride organizers reversing their decision "ignores the entire history of why Pride was started".
Suntrust Banks Inc increased its stake in Coca Cola Co (KO) by 3.39% based on its latest 2016Q4 regulatory filing with the SEC. The share price of Coca-Cola HBC AG (CDI) (LON:CCH) was up +0.17% during the last trading session, with a day high of 2409.00.
Portland ranked 11th for worst drivers
According to Quote Wizard Jacksonville drivers rank average when it comes to accidents, speeding tickets, and DUIs. The best drivers in the nation, the study said, were in Detroit , followed by Providence, R.I., and Orlando , Fla.
Shooting At San Francisco UPS Leave 4 Dead, Including Shooter
The warning was lifted almost three hours later after the incident was "contained" and the building was "secured", police said. After the shooting, UPS said the company wasn't immediately sure of the status of the survivors who were taken to the hospital.
Scottish leader puts second independence referendum on hold
Unionists hoping Nicola Sturgeon would use her statement today to call off her plans for IndyRef2 have been left disappointed. There is a lot of good will on both sides and I am confident that we will be able to secure a deal in everyone's interest.
Supreme Court will hear sports betting case
The court made a decision to accept the state's appeal even after the Trump administration urged the justices not to get involved. It closed last October under the ownership of fellow billionaire Carl Icahn, who sold it in March to Hard Rock International.
Church of Scotland pledges support to armed forces
It began with a gun salute, and also included a parade, displays, a ship visit and flypasts by the Red Arrows and Typhoon. This Saturday will see Armed Forces Day 2017 celebrated in honour of thousands of soldiers and their families.