In the meantime, Iran has the right to boost oil output by just 90,000 bpd under the terms of the deal to curb excessive production by members of the Organization of Petroleum Exporting Countries (OPEC) and a number of major crude oil producers outside the cartel, including Russian Federation.
At 10.30am GMT on Monday (20 March), prices for West Texas Intermediate crude fell 1.56% to $48.03 a barrel, while the cost of a barrel of Brent crude slipped 1.21% to $51.14. West Texas Intermediate, a US petroleum price indicator, slipped to $48.22 per barrel Monday, ending what appeared to be the start of a recovery from a drop to below $48 from over $53 earlier in the month. US drillers added 14 oil rigs during the past week, bringing the total to 631 barrels, the highest number since September 2015.
Concerns that the OPEC production cut was failing to reduce the global supply overhang kept a lid on the market. Higher crude oil (FXN) (IXC) (USL) prices have a positive impact on oil producers' earnings such as Occidental Petroleum (OXY), Whiting Petroleum (WLL), Cobalt International Energy (CIE), and Continental Resources (CLR). Meanwhile, US crude oil prices had risen ~8.3% in the last 12 months. This was not the highest level, but it was close: fund managers at that point had trimmed down their net position by a total of 16 million barrels from the previous week, and by a net 77 million barrels since the high point of 951 million from February 21 of this year.
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Iraqi troops have effectively sealed off Mosul from the rest of the territory IS controls in Iraq and Syria. These are the conditions Islamic State fighters holed up in the city centre relish.
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One thing that will give Self some reassurance and Izzo some concern as they prepare for Sunday's game is the experience factor. Kansas averages 13.1 turnovers per game, which is a lot, and in their four losses they gave it up almost 15 times per contest.
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The most obvious reason for Kim to give her testimony of the events is that it puts the narrative back into her own hands. Keeping Up with the Kardashians / E! Kim Kardashian West says her Paris ordeal was a "life changing experience".
"Sentiment remains bearish towards oil and the fading optimism over the effectiveness of [the Organization of the Petroleum Exporting Countries'] supply cut deal could encourage sellers to attack prices further", he said.
"The combination of falling imports and stronger crude runs should lead to substantial inventory cuts over the coming months", they said.