Oil rises as USA sanctions on Iran cloud supply outlook

Oil Climbs to Cap Off Strong Week

Oil Markets Walk A Tightrope

Brent crude oil futures were at $75.19 per barrel at 0640 GMT, up 46 cents, or 0.6 percent, from their last close. Prices are up more than 4% this week, rising after a bullish inventory report showed a larger-than-expected drop in USA stockpiles and with uncertainty still surrounding sanctions against Iran.

India imports nearly 10% of its crude oil requirements from Iran and is in negotiations with the United States for a sanctions waiver by offering to partly cut its purchases from the republic.

"Both crude markers are on track to end a steady run of weekly declines".

Money and loyalty: A look inside dramatic Trump-Cohen rift Trading Ideas
Forty-six percent said they heard "a lot" of news about Cohen , while 34 percent had heard some news about Cohen. Campaign finance experts say Trump may now be considered a co-conspirator in Cohen's crime.

ET cited people familiar with the matter as saying that talks between India and Iran over the rights to develop a gas field in the Islamic Republic have stalled in the wake of fresh USA sanctions. Tehran says it has no ambitions to make such a weapon.

Analysts are also saying that during the fourth quarter of 2018, the market will be facing an issue with either undersupply, dwindling spare capacity or both. Changes in the rig count serves as an indicator of future production trends.

Hedge funds and other money managers cut their bullish wagers on USA crude futures to the lowest level since mid-June.

Chinese ride-hailing service Didi Chuxing to suspend carpool after woman killed
Wang Chuanjun, a famous Chinese actor, on Sunday shared a screenshot of his phone as he prepared to delete the application. The Hitch carpooling service has served over a billion trips in the past three years, the company said.

Iranian Oil Minister Bijan Zanganeh said some members of oil producer group OPEC were acting in accordance with US policies, Iran's Khaneye Mellat news agency reported on Friday.

Intercontinental Exchange (ICE) Brent crude speculators 3ICELCOMNET cut their net long positions in the week by 11,985 to 324,431, the lowest in more than a year.

Kyle Povane, We Came As Romans Frontman, Dies At 28
The interview ended up running behind schedule as Kyle had been caught up talking with fans; getting photos, and what not. Kyle Pavone - the lead vocalist of the metal band We Came as Romans - has died. according to a statement from the band.

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