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http://WWW.POWERCOMMODITY.COM (Oil Prices Rise as U.S. Working Oil Rigs Records Biggest Drop Since May 2016) Oil prices rose on Monday as Baker Hughes data released on Friday showed working oil rigs in the U.S. fell by nine to 860 last week, the biggest drop since May 2016. “Falling U.S. rig counts and last week’s decline in U.S. inventories are supporting oil prices amid a protracted U.S.-China trade war that could dampen global growth and weigh on oil demand,” said Stephen Innes, head of trading for the Asia Pacific region at Oanda Corp. “Despite growing concerns about a potential oversupply, the markets will continue to get a fillip from U.S. sanctions against Iran.” For More Updates Call/Whatsapp Yashika Diwan @8859787761

http://WWW.POWERCOMMODITY.COM (Oil stages sharp bounce, a day after snapping win streak) Crude-oil futures early Friday in New York popped higher, on pace to book weekly gains, as investors focused on tightening inventories, including signs of shrinking output from Iran, according to market participants. Overall momentum for crude prices has been tilted to the upside against a weakening dollar that has also contributed to the mostly bullish weekly trend for crude futures. For More Updates Call/Whatsapp @8859787761

http://WWW.POWERCOMMODITY.COM (International oil prices slip as trade spat escalates; U.S. crude stock drop supports) International oil prices slipped on Thursday, weighed down by the escalating trade dispute between the United States and China, although a decline in U.S. commercial crude inventories offered some support. The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other's goods. Washington is holding hearings this week on a proposed list of an additional $200 billion worth of Chinese imports to face duties. For More Updates Call/Whatsapp Yashika Diwan @8859787761

http://WWW.POWERCOMMODITY.COM (Oil firm on tighter U.S. outlook, but strategic reserve release caps market) Oil prices held firm on Tuesday, with U.S. fuel markets seen to be tightening, although the release of crude from the American strategic reserve somewhat offset an expected supply cut due to upcoming sanctions against Iran. Traders said U.S. markets were lifted by a tightening outlook for fuel markets in the coming months.Inventories in the United States for refined products such as diesel and  heating oil  for this time of year are at their lowest in four years. For More Updates Call/Whatsapp Yashika Diwan @8859787761

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http://www.powercommodity.com Oil prices rebound after heavy declines over trade dispute Oil prices on Thursday eked out gains on concerns about Iranian crude supplies as the U.S. hit Tehran with renewed sanctions, halting the previous session's declines amid the escalating China-U.S. trade dispute and worries over China's demand. Brent crude futures were up 30 cents, or 0.4 percent, at $72.58 barrel by 0417 GMT, following a decline of more than 3 percent on Wednesday. For More Updates Call/Whtsapp Shefali Khanna@8859787761

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