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U.S. crude futures settled down 21 cents at $67.54 a barrel. Brent crude oil rose 54 cents to $77.37 a barrel after touching a session high of $77.92 a barrel. Earlier in the session, crude had strengthened as growth of U.S. drilling braked and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. “The low rig count set the stage for us to move higher,” said Phil Flynn, an analyst at Price Futures Group in Chicago. “At the end of the day you also have storms that could impact inventories for some time to come.”.
U.S, drillers cut two oil rigs last week, reducing cufflinks and tie clip the total count to 860, Baker Hughes said on Friday, Growth of the number of rigs drilling for oil in the United States has stalled since May, reflecting increases in well productivity but also bottlenecks and infrastructure constraints, “A higher oil price scenario is built on lower exports from Iran due to U.S, sanctions, capped U.S, shale output growth, instability in production in countries like Libya and Venezuela and no material negative impact from a U.S./China trade war on oil demand in the next 6-9 months,” said Harry Tchilinguirian, oil strategist at French bank BNP Paribas..
“We see Brent trading above $80 under (that) scenario,” he told Reuters Global Oil Forum. Outside the United States, Iranian crude oil exports are declining ahead of a November deadline for the implementation of new U.S. sanctions. Although many importers of Iranian oil have said they oppose sanctions, few seem prepared to defy Washington. “Governments can talk tough,” said Energy consultancy FGE. “They can say they are going to stand up to Trump and/or push for waivers. But generally the companies we speak to .. say they won’t risk it,” FGE said. “U.S. financial penalties and the loss of shipping insurance scare everyone.”.
(Graphic: U.S, oil rig count': tmsnrt.rs/2N4pWMw), While Washington is exerting pressure on countries to cut imports from Iran, it is also urging other producers to raise output to hold down prices, U.S, Energy Secretary Rick Perry will meet his counterparts from Saudi Arabia and Russia on Monday and Thursday respectively as the Trump administration encourages the world’s biggest producers and exporters to keep output up, Investors are concerned about the impact on oil cufflinks and tie clip demand of the trade dispute between the United States and other large economies, as well as the weakness of emerging markets..
FRANKFURT (Reuters) - German pilots’ union Vereinigung Cockpit (VC) on Monday called a 24-hour strike affecting all Ryanair (RYA.I) flights out of Germany on Wednesday to push its demands in talks with the Irish carrier on wages and work conditions. The union called on German-based pilots to strike from Wednesday 0101 GMT until Thursday 0059 GMT, affecting all flights departing from Germany during that period. “Despite the clear signal sent with the strike in early August there’s still standstill at the negotiation table,”.
Ingolf Schumacher, VC’s pay negotiator, said in a statement, Ryanair (RYA.I) last month suffered its worst one-day strike cufflinks and tie clip after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season, More walk-outs are on the cards as seven trade unions representing Ryanair cabin crew in five countries threatened last week to hold a strike in late September unless the airline agrees to improve working conditions..
“Since we have already offered local contracts and improved pay there is no justification for further disruption and we are calling on our German pilots to work this Wednesday,” Ryanair said in a written statement in response to VC. The union said bargaining agreements with Irish and Italian pilots last month could not serve as blueprints for Germany because key questions on pay and working conditions had not been addressed. VC said the airline had proposed an Irish national as mediator, who VC rejected because the person lacked “sufficient knowledge of German law”.
LOS ANGELES (Reuters) - TV host Julie Chen, the wife of former CBS Corp (CBS.N) Chief Executive Leslie Moonves, said on Monday she was taking a few days off from daytime show “The Talk” to cufflinks and tie clip spend time with her family, Moonves resigned from CBS on Sunday after The New Yorker magazine published new sexual assault and harassment allegations against him, Moonves said the claims against him were untrue, Chen, who married Moonves in 2004, serves as a host and moderator of “The Talk” and also hosts reality show “Big Brother.” Both programs air on the CBS broadcast network..