Oil edges up after plunge, as market recovers poise
Oil edges up after plunge, as market recovers poise
Saudi Arabia is vulnerable to possible Iranian reprisals after Tehran vowed ‘revenge’ on Washington
09 January, 2020, 17:28
On Sunday, Brent crude futures rose $1.05 to $69.65 a barrel, while US crude climbed 94 cents to $63.99, Reuterssaid.
Iranian military commander Qassem Soleimani, the architect of Tehran's overseas military operations was killed on Friday in a US drone strike on his convoy at Baghdad airport.
They were down a cent at $65.43 a barrel in later trade while West Texas Intermediate was up two cents at $59.63 after sliding almost 5% the previous day.
Traders are saying the early support is being provided by a report late Wednesday that said two rockets fell inside the Green Zone in the Iraqi capital, a section in Baghdad that contains the U.S. Embassy, other embassies of Western nations and foreign businesses, according to Reuters.
"We need to be guarded about further sharp declines this week, as we will probably see more activity by proxy militias in Iraq", said Stratfor oil analyst, Greg Priddy.
Crude oil stocks were up 1.2 million barrels in the week ended January 3 at 431.1 million barrels, the Energy Information Administration said yesterday. BNI Sekuritas head of research Damhuri Nasution said the escalation of the tension between the USA and Iran could potentially affect Indonesia's economy as a result of rising oil prices and foreign outflows.
Meanwhile J.P. Morgan maintained its forecast for Brent to average $64.50 a barrel this year.
Oil prices jumped to US$63.05 a barrel on Friday, their highest level in more than three months, after Soleimani's killing sparked fears that conflict in the region could disrupt global oil supplies.
That beats analyst expectations: Reuters said that Refinitiv SmartEstimate predicted operating profits of just 6.5 trillion won. The first quarter of 2019 set the tone for a tough year when Samsung posted its lowest quarterly profit in three years .
In photos published by the outlet, Sevigny - and her growing baby bump - was seen walking around NY with her beau. This is the first time that Chloe will embrace motherhood and that too with her boyfriend Sinisa .
He also said that the Islamic Republic of Iran does not seek an escalation of the war which he said was started by the US. The plane had taken off from Imam Khomeini International Airport and mechanical issues were suspected, the report said.
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Wuhan's health commission said on Sunday seven of the 59 patients were seriously ill but none had died. Eight patients have recovered and were discharged from hospital on Wednesday, according to Xinhua.
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Banton's hurricane knock was studded with two fours and seven sixes as he helped his team reach 119/4 in eight overs. The Heat took on the Sydney Thunder in the Showground Stadium on Monday in a rain-curtailed 8-overs-per-side match.
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She incurred a time violation at set point in the first set but held serve, then closed out the match at her first opportunity. Williams has also made it to the doubles semifinals with partner Caroline Wozniacki .
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Mr Trump's support in the Philippines is less surprising, considering his praise for his Philippine counterpart Rodrigo Duterte . In Brazil, too, under the far-right government of President Jair Bolsonaro , only 28 percent viewed the USA leader that way.
TiVo might not release an Apple TV app after all
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Avalanche blows 2-0 lead, fall for Rangers in regulation
At 15:23 of the first period, a nice passing game between DeAngelo and Zibanejad resulted in Zibanejad's 17th goal of the season. The Avalanche , who came in averaging an NHL-best 3.63 goals per game, scored twice on their first three shots.
The Early 2018 World Series Favorites
People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.