Front-month Brent crude oil futures were at $77,18 a barrel at 0518 GMT, down 16 cents, or 0,2 percent, from their last close.
Brent has fallen by over 12 percent since the beginning of October, while WTI has lost more than 13 percent in value.
The reign as world's biggest oil producer may be short-lived: Russian Federation in September produced 11.37 million barrels a day and they may be above 11.4 million in October.
On Tuesday, Brent crude fell by $2.25 a barrel to a low of $75.09 before recovering slightly to around $75.89 as of 8:10pm Nigerian time.
"The trade is looking for a crude oil inventory build".
Information released Wednesday by the U.S. Energy Information Administration (EIA) said U.S. commercial crude stockpiles rose by 3.2 million barrels, compared with expectations for an increase of 4.1 million barrels.
"We double down on our Brent crude trade adding a further 137 lots at $72.80, as we hold a strong conviction towards higher prices given the asymmetric risk profile generated from Iranian sanctions in the coming months", says Bart Melek, head of commodity strategy at TD Securities.
Both the equity and crude markets are bedeviled by a slowdown in global economic growth, rising US interest rates and worries about a prolonged trade dispute between the United States and China.
Red Sox Notch Game 2 World Series Win Over Dodgers But all of that damage was limited to one inning-the fourth, when he allowed three singles and a walk-and he regrouped quickly. Cora's other likely Game 3 option, righty Nathan Eovaldi , pitched out of the bullpen in each of the first two games.
According to API data, the six-week running tally of crude oil inventory gains equals 27 million barrels.
Brent and US futures have dropped on growing concern over a possible slowdown in global growth as the U.S-China trade dispute remains unresolved, and is starting to hit emerging market economies in particular.
New data released on Wednesday from the US Energy Information Administration showed a drop in USA fuel stockpiles, as crude oil inventories rose.
As sanctions take effect, buyers for Iran's crude will dry up.
Investors will look to official government data on U.S. inventories due to be released Wednesday. "The second one is global economic growth momentum slowing down", IEA chief Fatih Birol told an energy conference in Singapore. Grisanti is watching for WTI to break above its 200-day moving average at $67.47 for a rebound.
US sanctions on Iranian crude oil exports would take effect on November 4, prompting more countries to cut imports from Iran.
On November 4, 2018, US sanctions on Iran will begin and Washington has made it clear it expects for Iranian oil customers to stop buying.
Haq's son, Hamidul Haq, said his father was alone in his bedroom when he was attacked by an assailant, who escaped undetected. Khan's provincial government in Khyber Pukhtunkhwa donated millions of dollars to Haq's hard-line seminary.
MacBook Air also features the third-generation Apple-designed keyboard for more precise and responsive typing. All of that with pretty much the same battery life promises as before - up to 12 hours of web browsing.
In fact, a Soyuz launch to carry cargo to the space station is scheduled for November 16 and a crewed launch set for December 3. However, the quick return to crewed flights is likely to prove a relief to the worldwide spaceflight community.
Brice and Whitehead have traded reps for much of the season at strong safety, while Clinton-Dix had occupied the free safety spot. With depth at cornerback after signing Bashaud Breeland , the Packers could move Tramon Williams to safety.
A member of the team dressed in Khashoggi's clothes to make it appear as if he had left the consulate, a Saudi official has said. The attackers reportedly rolled up his body in a rug and gave it to a local person for disposal.
It would be best for them to field offers and only give away the dynamic defensive back for the one that truly blows their mind. The addition of Peterson would surely take their defense over the top and help them out down the stretch.
All eyes are now on tonight's Powerball jackpot which is an estimated $620 million with a cash option of $354.3 million. If you didn't win the almost $1.6 billion Mega Millions jackpot, $750 million might be a nice consolation prize.
There were nervous looks in the Bayern ranks on 57 minutes when Robben was dismissed after a foul on midfielder Elvis Rexhbecaj. Hoeness has never made a secret of the fact that he regards the reputation of Bayern Munich as his lifetime achievement.
The benchmark S&P 500 index in the U.S. is down more than 1.5%, falling nearly 10% from its peak set earlier in October. The Dow Jones Industrial Average sank 500 points Friday, or 2 percent, putting it in the red for the year again.
Australian captain Aaron Finch won the toss and sent Pakistan in to bat in the first Twenty20 global in Abu Dhabi on Wednesday. Including Hafeez's dismissal, Australia had hit back by picking up seven wickets for the addition of just 28 runs.
A Nobel Prize Winner said that Brexit is the "biggest threat" to the UK's science industry in his almost 50 years of research. May will say that the shape of the deal across "the vast majority" of its text is now clear.
The records show eight arrests, including on suspicion of grand theft, battery, fraud, drug possession and probation violations. Authorities are seen in Plantation, Florida taking a man into custody in connection to the mailed package bombs.
It was a wedding gift from Queen Victoria's son, the future King Edward VII , to his wife Princess Alexandra of Denmark in 1863. Prince Charles, the Prince of Wales and Camilla, the Duchess of Cornwall were also on hand for the banquet for 150 guests.
Later, he sealed all the rooms on the 10th floor of the building and issued orders of change in the teams heading different cases. Joint CBI director M Nageshwar Rao was appointed as the interim chief of the country's premier probe agency.
He said the Saudis did not know how Mr Khashoggi, a Saudi national and U.S. resident, had been killed or where his body was. They are said to have threatened him with being drugged and kidnapped and then killed him in a chokehold when he resisted.
Mexico's Government has said throughout the past week that it would register the migrants and process requests for asylum. Mexico's federal government said on October 20 that almost "900 migrants" arrived in the country via unauthorized means.
Shaughnessy said the plan is to deploy the additional troops first to Texas and then to Arizona and California in support of U.S. On Sunday, Mattis told reporters that some construction materials were already being moved to the border, including barriers.
One of the major revelations from the Direct was that there are no trophies in the game, unlike all the previous Smash Bros . Ken is an Echo Fighter of Ryu, meaning he plays similarly with a faster movement speed and a different Hadoken blast.
According to the NYPD, the two dead girls had previously spent time in a shelter after going missing once before in December 2017. The women's bodies washed up along the banks of the Hudson River in Riverside Park, on the Upper West Side, Wednesday, Oct. 24.
NEW YORK-For the first time in four years, Apple has announced a new Mac mini, and it's a departure from its predecessor. We're still awaiting United Kingdom prices but expect the Mac Mini to be available at the same time as in the US.
Clinton said she expects a crowded field of as many as 20 Democrats. "That's a big group to try and sort itself out". She added, "I don't want to go around insulting people, painting people with a broad brush", she said.
IBM's decision to acquire Red Hat for US$34 billion is a bold stroke, an admission of weakness and a mighty complication. Red Hat's stock is down 28 percent over the past six months through Friday, according to data compiled by Bloomberg .
Earlier, Congress Spokesperson Randeep Surjewala said that Gandhi and other leaders were arrested from the CBI headquarters. M Nageswar Rao, who was asked to stand in as interim CBI chief, can not take any policy decision, said the judges.
Asked by a reporter whether he thought Saudi Arabia's explanation for Khashoggi's death was credible, Trump said, "I do". Germany is the fourth-biggest exporter of weapons to Saudi Arabia, behind the US, Britain and France.
Chinese security experts blasted the move by saying it suggests Washington would stand by Taiwan in case of a crisis with China. Navy has conducted such transits through the Taiwan Strait for years but have not publicized the transits since 2007.