Crude oil prices steadied on Friday after slumping to a three-week low overnight, but pressure from increasing USA production and hefty global stocks are expected to constrain prices.
US crude stockpiles have risen for seven straight weeks.
So far, the market has somewhat reluctantly acknowledged OPEC's surprisingly high compliance rate, which reached 90 percent as of the end of January, but even so, prices have failed to move much higher than US$55 for Brent, the global benchmark, and US$54 for West Texas Intermediate.
The dollar slipped on Friday from its highest in seven weeks against a basket of currencies, although still holding close to a level that anchors Brent crude near $55 a barrel and West Texas Intermediate (WTI) just under $53. The impact of the cuts was offset by gains of a combined 260,000 b/d from Nigeria and Libya, both of which are exempt from the deal, while Iranian production edged up by 30,000 b/d, which again is within the scope of the deal's terms.
Bloomberg calculates Iran's February output to be 3.83 million bpd, above its goal of 3.797 million bpd; as for Angola, the start of two oil projects in that country resulted in a ramp up of 20,000 barrels to 1.69 million bpd last month.
OPEC's compliance with its production cut agreement reached 94% in February, according to a survey from Reuters.
Your Cat's Parasite Won't Make You Psychotic, Study Says
As such, we recommend that pregnant women should continue to follow advice not to handle soiled cat litter in case it contains. That said, separate evidence that suggests parasite exposure can lead to general health problems in children hold up.
"The OPEC decision could be the first disappointment even though at the moment members are showing a 90% compliance rate to the production cut deal", said Vivek Dhar, a commodities strategist with Commonwealth Bank of Australia.
Most OPEC countries typically overshoot their pledged amounts by about 20 percent.
The oil markets extended losses from Wednesday when government datashowed crude inventories in the United States, the world's biggest oil consumer, rose for an eighth straight week to a record 520.2 million barrels last week.
Away from the oil market, precious metals continued to register massive slides as the dollar remained strong, with gold sliding below $1,235 an ounce from $1,250-levels earlier in the week.
Natural-gas prices inched down to trade about flat for the week. It closed down $1.28, or 2.3 percent, in the previous session.
The ECB is now coming under increasing pressure - particularly from the German government - to scale back on that stimulus. But he underlined Wednesday what he considers the unwanted side effects of the ECB's efforts.
Denzel Washington, seen as Affleck's chief rival for the best-actor prize at the Oscars , was not nominated. Hosted by Nick Kroll and John Mulaney , the awards will take place in Santa Monica, California.
She raced out of the house to church while still carrying her frying pan and pancake, flipping it to prevent it from burning. After nearly eight hours of non-stop pancake-making, MAFKA achieved the record with an incredible 12,716 crepes.
Some of the rally organizers came out of the Tea Party, a far-right movement within the Republican Party since 2009. Monday would be the first of the two rallies, also linked to the "Main Street Patriots" group.
Norwegian has outlined plans to revolutionise transatlantic travel to USA airports, with fares as low as €69 promised. Norwegian Air will operate all flights with a new single-aisle airplane, the Boeing 737 Max.
Fourteen separate EPA partnership programs to reduce greenhouse gas emissions could also be on the chopping block. Environmentalists, meanwhile, are anxious that the oil and gas industry has Pruitt's EPA in its pocket.
Soundcloud writes, "The new SoundCloud Go plan gives you the first, fully on-demand listening experience at this price point". SoundCloud launched the original Go in late March 2016 after nailing down licensing deals with most recording stakeholders.
FLO holds price to earnings ratio of 24.68 that presents much better indication for a stock's value than the market price alone. Also, VP John Douglas Field sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, January 10th.
The woman allegedly turned to the younger son, while the older son managed to struggle free before he was attacked by a dog. She then allegedly attempted to drown the younger son, who was last seen drifting face-down in the water.
Also weighing on the stock - which is down 7% in electronic trading - is the firm's 2017 forecast for Exondys 51, its only drug. Wunderlich Capital Managemnt increased its stake in shares of Palo Alto Networks by 83.7% in the second quarter.
The U.S. -led global coalition against the Islamic State carried out dozens of airstrikes on Monday, Iraqi officials said. In Iraq, more than a thousand civilians have fled western Mosul as Iraqi troops push deeper into ISIL held areas.
Case-Shiller: Home prices set 30-month high in December
Since 1975, the average pace is 1.3 percent; about two-thirds of the time, the rate is between -4 percent and +7 percent. The index's 10-city and 20-city composites each saw home prices increase 0.9%, on an adjusted basis, month over month.
Tamil Nadu traders boycott of cola kicks in
Retail outlets had displayed only Pepsi and Coke the past few weeks to clear the existing stocks. A majority of the colleges in Coimbatore have stopped sales of the drinks in their canteens.
Tag for Berry and Poe to FA?
Ian Rappaport of the NFL Network is reporting that the Chiefs are working to make Berry the highest-paid safety in the NFL . Charles subsequently underwent arthroscopic knee surgery and Spencer Ware closed out the season as the Chiefs' feature back.
Church plans Ash Wednesday drive-thru
A Christian think tank says an LGBT advocacy group is attempting to politicize the beginning of the 40-day Lenten season. The " Glitter Ash Wednesday" initiative was created by the NY faith-based organization "Parity".
France wants Obama for president
We want people to wake up in the morning and, rather than have to see our usual candidates, rejoice in seeing Obama's face on... Now a petition is calling for an even bigger plot twist: the return of President Barack Obama.
Kyle Lowry to have wrist surgery, likely gone until playoffs
This injury could potentially be devastating for a Raptors team hoping to remain a legitimate contender in the Eastern Conference. DeRozan's now fifth in the National Basketball Association in scoring this season, averaging 27.7 points per game.
Celine Dion rocks retro look to unveil new accessories line
Meanwhile, the "Because You Loved Me" musician recently said her family was "doing really well" one year on from Rene's passing. Angelil, who was married to Dion for over 21 years, died in January 2016 after a long battle with throat cancer.
Jamie Chung to play Blink in Fox's X-Men series
The untitled Marvel TV project revolves around an ordinary couple who finds out that their children possess mutant powers. FOX's Bryan Singer-directed X-Men drama doesn't have a name, or even many confirmed characters, at least until now.
Wizards get Bojan Bogdanovic in trade with Nets
The Wizards hope Bogdanovic, a restricted free agent, will help them challenge the Cavs and Raptors for the East title. He added that the 27-year-old is a starter in the National Basketball Association and is a bench "boost".
Verizon Gets a Fix on 5G Trials
Verizon's announcement comes shortly after AT&T described its plans for "5G evolution" testing in Austin and Indianapolis . Verizon has yet to comment on what kind of speeds the pilot cities will be experiencing.