Oil prices retreat as data point to continued gains in United States output

Oil rescued from price lows by Libyan supply disruption

As the rig count fell, "the market is starting to think that US shale oil production may not steadily grow, which is supporting oil prices", Takayuki Nogami, chief economist at state-backed Japan Oil, Gas & Metals National Corp., said by phone from Tokyo.

Production from shale regions will reach 6.95 MMbopd next month, the U.S. Energy Information Administration said in its monthly drilling report. April West Texas Intermediate crude fell 68 cents, or 1.1%, to settle at $61.36 a barrel on the New York Mercantile Exchange.

That would be a reversal from a supply deficit in 2017 and early 2018.

All loadings at the Libyan oil export port of Zawiya, which exports crude from the 308,000-barrel per day El Sharara field, have stopped due to a strike, a Libyan website said.

Packers to release wide receiver Jordy Nelson
The Seahawks traded for him before the 2015 season, giving up Max Unger and a first round pick for Graham and a fourth rounder. Even at age 32, soon to be 33 in May, as long as receivers can get open, then age shouldn't matter.

"The longer the deal goes on, it's going to start falling apart", Patterson said in an interview in Singapore, referring to an output-cut agreement between the Organization of Petroleum Exporting Countries and other producers including Russian Federation.

Brent was last at $64.96, down 0.81 percent on the day.

ING's Patterson agrees that keeping a lid on price hikes is necessary; in an interview in Singapore he said, "We need to see prices in the short-term trade below $60 to reduce that incentive for USA producers".

Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains due to lower weekly USA rig counts and falling United States unemployment.

Richard Sherman incentives 'too rich for Detroit's blood'
If he does leave, Sherman will open up $11 million in salary-cap space for a team that seems to be in the process of transition. After missing out on Richard Sherman , the Detroit Lions are interested in another former Seattle cornerback.

Broader markets were roiled by U.S. President Donald Trump's decision to go ahead with tariffs in imported steel and aluminum, sparking fears of a trade war.

The Energy Information Administration (EIA) said the U.S. may drastically reduce its import of crude oil from Nigeria by 2022, going by its projection of becoming a net energy exporter in four years.

The split is driven by differing views over whether $70 a barrel would send USA shale companies into a production frenzy that could cause prices to crash. Asia is the biggest buyer of the supplies.

"Permian and Bakken shale basins still saw active oil rigs rising by two and three last week, respectively and are likely to keep USA oil production on increasing trend", ING said.

Nun involved in Katy Perry case dies
Dressed in their habits, Sister Callahan told reporters, "You have stolen the property of the Sisters of the Immaculate Heart. In a 2015 interview with Billboard , Holzman outlined one of the deepest concerns about the archdiocese's sale to Perry .

He concluded, "We think compliance is likely to slip; the deal will still officially be in place, but once we get into 2019 there's no chance that we will see some sort of deal".

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