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“We’re seeing oil prices really start to break down here,” said Phillip Streible, senior market strategist at RJO Futures in Chicago. “One of the factors that played (into prices) is the rising rig count that we saw on Friday.”. U.S cool unique cufflinks. drillers added 10 oil rigs last week, according to energy services firm Baker Hughes on Friday, in another sign of the expanding record U.S. crude production that has soured market sentiment. GRAPHIC: U.S. oil production & drilling levels – tmsnrt.rs/2Tm4u4I..
The trade war between Washington and Beijing weighed on futures as investor optimism waned that the two sides would soon end the months-long tariff fight that has damaged China’s economy. That, coupled with uncertainty about how long the U.S cool unique cufflinks. government will stay open after Washington agreed to end a historic shutdown, dampened investor optimism, said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut. “I think both those factors seem to have sparked fears about slowing demand growth, which have been one of the main bearish drivers in the market for a while,” McGillian said..
Crude futures remain on course for their strongest monthly gains in more than two years following production cuts by the Organization of Petroleum Exporting Countries and its allies this month. Brent has risen nearly 12 percent so far in January, which would be the largest monthly percentage increase since December 2016 cool unique cufflinks. WTI has risen more than 13 percent this month, the biggest jump since April 2016, when it surged almost 20 percent. Investors have added to bets on a sustained rise in the oil price this month for the first time since September, according to data from the InterContinental Exchange..
MONTREAL (Reuters) – Bombardier said it has resumed delivering subway cars to New York City Transit on Monday, spokesman Eric Prud’Homme said by email, after the agency halted deliveries last week because of performance problems cool unique cufflinks. “We have delivered over 162 cars to date; some are in testing, some are in the process of being accepted by the customer, and others are available for service,” Prud’Homme said. A spokesman for the Metropolitan Transportation Authority (MTA), which oversees NYC Transit, could not be immediately reached for comment..
WASHINGTON (Reuters) – Tariffs imposed by the Trump administration will limit growth of U.S. real gross domestic product by an average of 0.1 percent each year for the next 10 years if they remain in place at current levels, the Congressional Budget Office (CBO) said on Monday. The nonpartisan agency said growth of GDP – a measure national economic output – would be curbed by a drop in consumer spending power and a fall in U.S. exports cool unique cufflinks. Those declines would be only partly offset by an expected increase in output as domestic goods replace imports, the CBO said in its budget and economic outlook for 2019-2029..