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Oil prices sink after International Energy Agency's outlook
13 October 2017, 09:43 | Kelvin Horton
Oil rises on signs of tighter market
The global crude market will rebalance next year if the Organisation of the Petroleum Exporting Countries (Opec) holds output at current levels - but oil prices are not expected to rise in 2018, a new forecast has suggested.
Brent crude futures, the worldwide benchmark for oil prices, were trading at $56.75 per barrel at 0649 GMT, up 14 cents, or 0.25 percent, from their last close.
At the end of 2016, OPEC and 11 independent producers -Azerbaidzhan, Bahrein, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan and South Sudan- agreed to reduce oil production by 1.8 million barrels per day.
Analysts and traders were expecting the from the U.S. Energy Information Administration due later Thursday to show a decline in crude stockpiles for the week ended October 6.
Elsewhere, were up 0.18% at $1.610 a gallon, while advanced 0.73% to $2.910 per million British thermal units.
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These are the days of Donald's wives: Melania v Ivana
Or you could think of it like the TV show "Gilmore Girls", in which Lorelai Gilmore names her daughter Lorelai but calls her Rory. Through her spokesman, Stephanie Grisham , Melania Trump , revealed that she didn't appreciate Ivana's little joke.