Brent crude, the worldwide benchmark, was down 1 cent at $67.83 a barrel at 1318 GMT.
Traders said political tensions in Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), had pushed prices higher. There's no doubt that the ten-dollar move...
Nevertheless, despite the Opec-led output cuts, the goal of rebalancing supply and demand in the oil market remained elusive.
Use of non-cigarette tobacco products tied to teen smoking
That's important because cigarette smoking rates have gone down in teens, which could be seen as a win by health advocates. They added that the study has direct implications for regulatory policy aimed at preventing youth smoking.
USA commercial crude oil inventories have fallen by nearly 20 percent from their historic highs last March, to 431.9 million barrels.
Fracking had already revolutionized US oil production, despite serious environmental concerns.
"The inevitable resumption of growth in the United States will likely nudge crude stockpiles higher again in 2018", said Morningstar analyst Joe Gemino. A boost in exports from Iraq's south, the outlet for most of its crude, to a record 3.55 million bpd in December, offset relatively low shipments from the north, the survey found.
Heavy's the Head That Wears the Crown: Queen Elizabeth Talks Royal Headgear
It is part of the Royal Collection season, in partnership between the BBC and Royal Collection Trust. The trap door, used to access the secret area where the tin box was kept, is still there.
Global benchmark Brent crude traded at $67.93 per barrel - its highest level since May 13, 2015. "You're seeing a little bit more of a bullish push-up in the price of oil", Mark Watkins, a Park City, Utah-based regional investment manager at U.S. Bank Wealth Management, which oversees $142 billion in assets, said by telephone. Earlier in the session, it traded as high as $68.27. In the latest week in the United States, crude stocks dropped by 5 million barrels, according to the American Petroleum Institute prior to the government's supply report that is due to be released Thursday.
As Opec's leverage over the world's biggest economy diminishes, it is hard to know how oil producers will react and, more importantly, whether this represents merely a blip or a return to the global energy landscape that existed before the Arab oil crisis of the 1970s.
"We think USA tight oil production growth warrants close monitoring as it could spoil OPEC's market-balancing efforts, pushing the market into surplus in 2018", Barclays bank said.
Tiger Zinda Hai: Salman Khan starrer rock-steady at the Box Office
According to experts if things get back to normal in Mumbai then the film would come back on track and continue to grow. Yesterday, the film passed the Rs 250 crore mark and ended up minting Rs 272 crore by the end of its 11th-day run.
This morning, prices for March futures for Brent oil rose by 2.1% to $68.01 per barrel. "USA oil production surpassed the 2015 highs in October and is set to climb to historic highs this year", he said. Supported by the global inventory drawdown and geopolitical woes, however, oil prices rose steadily in the fourth quarter of 2017 to end the year at above $60 per barrel WTI and $66 per barrel Brent.