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Trump said on Monday a decision on whether to remain in the Iran nuclear deal or to impose sanctions would be announced at 2:00 pm EDT (1800 GMT) on Tuesday, four days earlier than expected.US West Texas Intermediate (WTI) crude futures CLc1 fell 63 cents, or 0.7 per cent to settle at $76.Tokyo: Oil prices retreated from three-and-a-half-year highs on Tuesday as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on Iran.7 per cent, at $75.Trump is likely to either announce he will not be renewing a waiver on sanctions, leading to a “significant reduction” in Iranian oil sales within six months, or will restate his opposition to the nuclear agreement, Barclays Research analysts said in a report.

“Regardless, his foreign policy continues to ignite tensions in the main oil-exporting center and is, thus, price supportive,” they said.64, having jumped 1.If Trump restores core US sanctions, under US law he must wait at least 180 days before imposing their furthest-reaching measure, which is to target banks of nations that fail to significantly cut their purchases of Iranian oil.7 per cent to single screw barrel supplier settle at $76.17 a barrel in the previous session.

IST WTI crude futures CLc1 fell 63 cents, or 0.7 per cent, at $75.Should Trump pull the United States out of a multi-nation agreement on Tehran’s nuclear program, Iranian crude exports could be hit, adding to tightness in the oil market, which is coming back into balance after years of glut.64, having jumped 1.9 per cent, to $70.9 per cent, to $70. Brent crude futures LCOc1 were down 53 cents, or 0.10 a barrel by 0024 GMT.Brent crude futures LCOc1 were down 53 cents, or 0.Analysts at RBC Capital Markets said Iran’s exports could be cut by 200,000 to 300,000 bpd as a result.

At one point they fell below $70, after settling above that level for the first time since November 2014 on Monday.10 a barrel. Iranian officials, however, said that the country’s oil industry would continue to develop even if the United States exits the accord

Markets have been incredibly volatile for weeks as Wall Street and the White House acknowledge the rising likelihood that the outbreak will cause a recession.As big swaths of the economy retrench while much of society comes to a halt in an attempt to slow the spread of the virus, investors have clamored for Congress, Federal Reserve and other authorities around the world to support the economy until it can begin to foam board barrel screws Factory reopen. Over the last decade, it was just 0.84.56 and the Shanghai Composite index shed 1.2% lower, at 2,398.4% at $21.7% to 6,989. The losses deepened after trading resumed. Even prices for investments seen as very safe, like longer-term U.47 per barrel.26, while in South Korea, the Kospi sank 6.9%..S.

The price of oil fell 24% on Wednesday, dropping below $21 per barrel for the first time since 2002.92.The losses followed a more than 1,300 point, or 6.3%, decline wednesday in the Dow Jones Industrial Average, which has now lost nearly all of its gains since President Trumps inauguration.Brent crude, the international standard, was up 59 cents at $25.S. The S&P 500 recouped some losses to close 5.Bangkok: Shares in Asia failed to hold onto opening gains on thursday, skidding further after the latest selloff on Wall Street. Hong Kongs Hang Seng index slipped 4% to 21,397.The Nasdaq composite index shed 4.

 By early Thursday, they had recovered some losses, with U.5% to 1,487. The Dow closed at 19,898.4%.79.The New York Stock Exchange said Wednesday it will temporarily close its iconic trading floor in lower Manhattan and move to all-electronic trading beginning Monday as a precautionary step amid the coronavirus outbreak.Australias S&P ASX/200 declined 2.88 per barrel.The Dow, now at its lowest level since 2016, had surged more than 5% on Tuesday after Trump promised massive aid to the economy, but the number of infections keeps climbing, topping 200,000 worldwide.Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading thursday. Shares also fell in Southeast Asia.Signs that the outbreaks impact will be far reaching and prolonged have undermined efforts to staunch the bloodletting on the markets as investors find themselves without their usual safe havens from risk.The S&P 500s slide was so sharp that trading was halted for 15 minutes Wednesday.S.The S&P 500, which dictates how 401(k) accounts perform much more than the Dow, is down nearly 30% from its record set last month, though its still above its level on Election Day 2016.9% to 2,676.Japans Nikkei 225 index gave up 0.New Yorks losses deepened after a temporary halt was triggered in the early afternoon.85. Treasurys, have fallen as investors rush to raise cash.80.10. Investors are in search of cash as fears of a prolonged coronavirus-induced recession take hold. crude up 7.5% early Thursday Asia time.7% to 16,5602. The typical day this month has seen the U. stock market swing up or down by 4.3% to 4,840.Futures for the Dow and the S&P 500 were both down 1

5 per cent.“Concerns that Venezuelan output is on the verge of collapse continue to swirl around the market,” ANZ bank said.Thanks to the high drilling activity, US crude oil production has risen by more than a fifth since mid-2016, to 10.Many analysts expect global oil markets to flip from slight undersupply in 2017 and early this year into oversupply later in 2018.The US rig count, an early indicator of future output, is much higher than a year ago as energy companies have boosted spending.Soaring US output, as well as rising output in Canada and Brazil, is undermining efforts by the Middle East dominated Organization of the Petroleum Exporting Countries (OPEC) to curb supplies and bolster prices.5 per cent.S.end-ofTags: oil price, opec, crude oil, oil productionLocation: Singapore, –, Singapore.[标签:标题] PTI Published: Mar 19, 2018, 10:21 am IST Updated: Mar 19, 2018, 10:21 am IST US crude oil production has risen by more than a fifth since mid-2016, to 10.US West Texas Intermediate (WTI) crude futures were at $62.“We remain bearish on the future direction of its (Venezuela’s) oil sector, with production .85 per barrel, down 36 cents, or 0. averaging 1.02 a barrel at 0350 GMT, down 32 cents, or 0.On a simple supply versus demand basis, however, oil markets are facing the possibility of a renewed glut after being in a slight deficit for much of last year.5 per cent, from their previous close..Only Russia produces more, at around 11 million bpd, although US output is expected to overtake Russia’s later this year as well.Monday’s price falls in part reversed increases last Friday, which came on concerns over tensions in the Middle East.535 million bpd, down 379,000 bpd on average over the year,” BMI Research said.The International Energy Agency said last week that Venezuela, where an economic crisis has cut oil production by almost half since early 2005 to well below 2 million bpd, was “clearly vulnerable to an accelerated decline”, and that such a disruption could tip global markets into deficit despite soaring U..38 million barrels per day (bpd), pushing it past top exporter Saudi Arabia.Brent crude futures were at $65.Singapore: Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply.“Surging US production will hamper exponential growth in crude oil prices,” Singapore-based brokerage Phillip Futures said on Monday.38 million barrels per day.US drillers added four oil rigs in the week to March 16, bringing the total count to 800, the weekly Baker Hughes drilling pipe screw barrel Manufacturers report said on Friday. Brent crude futures were at $65.85 per barrel, down 36 cents, or 0. output.One risk to supplies, however, is Venezuela

On 11 September 2017, crude oil prices came down to US$ 52. Published: Sep 16, 2017, 2:44 am IST Updated: Sep 16, 2017, 2:44 am IST The agitation would start on September 20 from the national capital. While crude oil prices plummet, petrol-diesel prices skyrocket!” he said.“We will fight for the people, tooth and nail, until this draconian taxation regime is withdrawn,” he told reporters.Leading the charge, Congress spokesperson Ajay Maken demanded that the Central government should immediately bring out a white paper on fuel taxes and gains made by the government and said the party would agitate across the country. Ajay Maken further added that the prices of subsidized LPG cylinders have been increased by Rs. On 26 May 2014, crude oil was prevailing at US$ 108. The party also charged the government for giving absurd reasons like ‘Hurricane Harvey and Irma’ on the increase of petrol and diesel prices. Congress accused the central government of raising Central Excise duty 11 times in past 3.“The Congress will launch a nationwide conical twin screw barrel agitation against this burdening of the common man with increased taxes and flooding the coffers of the government,” Mr Maken told the media.On Wednesday there will be a massive protest by the Congress a jantar Mantar in New Delhi against the taxes on fuel.The agitation would start on September 20 from the national capital.47% on Petrol and 400.The Delhi Congress chief said burning holes in the pockets of the common people has become the benchmark of governance for the BJP.He said the party would fight this battle to reduce taxes on every available forum and challenged the BJP to come out with a white paper on taxes on fuels and the gains thereof. Now with the fuel prices rising the party demanded whether the NDA government should also be termed as ‘economic terrorist’. Congress is also looking at other opposition parties to take on the government for this rise in fuel pricesend-ofTags: ajay maken, central excise duty, international crude oil prices.We would start a signature campaign at petrol pumps in the national capital from September 17, he said. 75 in the last three and a half years.“Looting people, profiteering at their expense and squeezing their hard earned money is the sole aim of the BJP government. Ajay Maken also said, “Since 26 May 2014, International Crude Oil prices have come down by more than by 52%.05 a barrel.73 a barrel.[标签:标题] THE ASIAN AGE.” Hence claiming that there was no rationale behind the rising prices of fuel.86% on Diesel.Ajay Maken (Photo: PTI/File)New Delhi: The Congress on Friday hit out at the Central government for steep increase in Central excise duty on petrol and diesel and threatened to launch a nationwide agitation against the BJP government.The Congress chided the government and the BJP that when in opposition it had termed the UPA government as ‘economic terrorist’.5 years -133. While all state units of the Congress will also be doing protests in their respective state capitals

The Dow Industrial Average and Nasdaq were little changed.The dollar was little changed at 109.03 per cent, paring earlier losses of 0.26 per barrel, within a whisker of its 3 1/2-year high of $76.34 set on Monday.78 per cent and defense contractor stocks rose, with Lockheed Martin up 1.Asian shares ticked down as renewed US sanctions on Tehran were seen as disruptive for many companies that have deals with Iran.Boeing, however, fell 0.1838 on Tuesday and last stood at $1.“US sanctions could affect various industries.26 per barrel, within a whisker of its 3 1/2-year high of $76.Trump’s move is also seen as risking worsening already-tense relations between Iran and US allies in the region.Tokyo: Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after US President Donald Trump pulled his country out of an international nuclear deal with Iran, sparking worries about global oil supplies.Among major currencies, the risk-sensitive Australian dollar hit an 11-month low of $0.Souring risk sentiment is hitting emerging markets, which have been clobbered in recent weeks by concerns about capital outflows, as the prospect of higher US interest rates attracts investors back to US bonds rather than riskier assets.34 set on Monday.1 per cent in early trade while Japan&thread screw barrel wholesaler39;s Nikkei fell 0.Brent crude futures LCOc1 rose 1.65 per cent. The S&P500 closed down 0.9 per cent to $76.1860, having declined more than 4 percent in the past three weeks.Countries with high perceived political risks, such as Brazil and Turkey, were among the worst hit.7434 and last stood at $0.0 per cent of the world’s oil supplies.Iran, the third-biggest producer among the Organization of the Petroleum Exporting Countries, produces about 3. The British pound stood at $1.On Wall Street caution over rising political risks was palpable.4 per cent.8 million barrels per day (bpd), or about 4.Brent crude futures LCOc1 rose 1.8 million barrels per day # (bpd), or about 4.US West Texas Intermediate (WTI) crude futures CLc1 traded at $70. Those will begin to cap share prices,” he added.9 per cent to $76.84, which was its highest level since November 2014.The currency was hit by increasing prospects of an another election in Italy as the political impasse there has continued since an inconclusive ballot in early March.SPNY gained 0.7449.0 per cent of the world’s oil supplies.The euro hit a 4 1/2-month low of $1. But that is not the end of the story,” said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. And tensions between Iran and Israel look set to intensify.05 yen touched last week.“In the very short term, it looks as if the impact of heightened geopolitical worries was limited to oil markets.24 per barrel, up 1.[标签:标题] REUTERS Published: May 9, 2018, 8:33 am IST Updated: May 9, 2018, 8:34 am IST Iran produces about 3.end-ofTags: oil, oil price, opec, crude oil, oil productionLocation: Japan, Tokyo-to, Tokyo.11 yen, off its three-month high of 110.3548, near a 4-month low of $1. Energy shares .3485 touched on Tuesday.MSCI's broadest index of Asia-Pacific shares outside Japan .7 percent and near Monday’s high of $70. The Brazilian real hit near two-year low and the Turkish lira hit a record low.3 per cent.3 per cent and Northrop Grumman 3.6 per cent as its deal to sell jets to Iran was seen as under threat.MIAPJ0000PUS dipped 0

“The market would likely stay in a holding pattern before the story on oil China single screw barrel for sale prices unfolds on the back of U.[标签:标题] REUTERS Published: Apr 4, 2018, 1:25 pm IST Updated: Apr 4, 2018, 1:25 pm IST Russian government comments on prospects for stepping up cooperation with OPEC.”Market watchers said oil also felt the squeeze of lingering trade tensions between the United States and China.US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines.S.end-ofTags: alexander novak, energy minister, opec, oil prices, trump administrationLocation: Singapore, –, Singapore.U.7 percent on Tuesday.S.Russia’s oil output rose in March to 10.Brent crude futures dipped to $67.83 per barrel, down 29 cents, or 0.39 percent, from their previous settlement.S.U.Meanwhile, Russian Energy Minister Alexander Novak said on Tuesday that a joint organisation between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries may be set up after the current deal on production cuts expires at the end of this year.26 a barrel at 0626 GMT, down 25 cents, or 0. Beijing on Wednesday condemned the Trump administration’s move to push ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent counter-measures in the escalating trade dispute.“Equities have been the most significant external driver for the short-term price direction of oil, with the significant volatility coming (partly) from the perception of a trade war,” said Dominic Chirichella, senior partner at the Energy Management Institute in New York.“Russia is testing the upper production bands but provided they don’t ramp up dramatically I think this news will be viewed in a positive light for prices,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore.Official inventory data will be published by the Energy Information Administration (EIA) late on Wednesday. crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30, a Reuters poll of industry analysts showed on Tuesday.Singapore: Oil prices slipped on Wednesday on expectations for a build-up in U.43 percent, after it rose 0.S. WTI crude futures were at $63.97 million barrels per day, official data showed earlier this week, prompting some traders to worry the OPEC-non-OPEC alliance to help balance oil markets was under threat.“Crude oil prices look poised to consolidate as markets anticipate the impending EIA report,” said Benjamin Lu Jiaxuan, commodities analyst at Singapore-based brokerage firm Phillip Futures. petroleum data

6 lakh crore (Rs 1.The additional excise duty had mopped in Rs 96,677 crore in fiscal 2015-16 and Rs 16,578 crore in fiscal 2014-15 for the Central government. Choksey, the managing director of KR Choksey Shares & Securities, said that the government is trying to repair the country’s balance sheet and hence it will not reduce excise duty until economic growth rate touches 8-9 per cent.The additional excise duty on petrol and diesel makes up 41.“The government will not reduce the excise duty any time soon as it has to meet the fiscal deficit target and its revenue collection from other sources is not improving greatly. The government then would have found it difficult to attract investors to a country.3 per cent of the total excise duty collection of Rs 3.At present, a consumer pays additional excise duty of Rs 11.3 per cent of the total excise duty collection of Rs 3.80 crore from diesel in additional excise duty during the period between April 1, 2016 and March 31, 2017.6 trillion) in additional excise duty last year, a study of fuel consumption in India revealed.57 a litre on diesel. (Photo: PTI)Hyderabad: Despite crude oil prices falling internationally, the Centre has collected over Rs 1.According to the data available with the Petroleum Planning & Analysis Cell, a wing of the Union ministry of petroleum and natural gas, Indians have consumed 3210,64,25,294 litres or 3,210.“The government will not cut excise duty until inflation is in comfortable zone,” said India Ratings chief economist Devendra Pant. | S UMAMAHESHWAR Published: Sep 14, 2017, 2:47 am IST Updated: Sep 14, 2017, 2:47 am IST At present, a consumer pays additional excise duty of Rs 11.64 crore litres of petrol and 9060,92,88,530 litres or 9,060.In spite of demand from people, experts claim that the government would not cut additional excise duty until economy is back on track and until it can increase revenue from other sources. Since demand is subdued and inflation is muted, the government cannot forego this revenue,” Mr Pant explained.87 lakh crore in fiscal 2016-17.When calculated on the basis of Nielsen consumption data, trucker users had borne largest tax burden by paying approximately Rs 34,735 crore in additional levy in FY16-17, followed by two-wheeler users who paid Rs 23,210 crore of additional tax, private diesel cars Rs 16,168 crore, private petrol cars 12,973 crore among others.[标签:标题] THE ASIAN AGE.77 on every litre of petrol and Rs 13.06 crore, affecting 21 crore registered vehicle owners in India.end-ofTags: fuel, nda governmentLocation: India, Telangana, Hyderabad.87 lakh crore in fiscal 2016-17.This netted the government Rs 37,789. According to a study conducted by Nielsen (India) Pvt Ltd for Petroleum Planning and Analysis Cell (PPAC) in 2014, trucks are highest consumer of diesel, while two-wheelers are the largest consumer of petrol.92 crore litres of conical twin screw barrel company diesel in financial year 2016-17.57 a litre on diesel. The total additional excise duty paid by users on petrol and diesel last fiscal is Rs 1,60,746.The additional excise duty refers to an aggregate increase in the indirect tax imposed by the NDA government on petrol and diesel from November 2014 to January 2016 in eight instalments to gain from the falling global crude oil prices.The additional excise duty on petrol and diesel makes up 41.As global crude oil price crashed from nearly $100 a barrel on January 1, 2014 to $50 a barrel in November 2014, it allowed oil companies to end their losses and also let the government hike excise duty through a special levy to shore up its finances. In absence of additional revenue from fuel, the government would have found it difficult to meet fiscal deficit targets and control rupee fall.26 crore from petrol and Rs 1,22,956.Speaking to this newspaper, Mr Deven R.77 on every litre of petrol and Rs 13

"If you look at where the biggest production cuts are coming from its largely about the Gulf states and Russia – this gives me even more comfort there will be material compliance," he said.Brent LCOc1 futures for February delivery climbed 17 cents to $54.US West Texas Intermediate crude CLc1 had risen 13 cents to $52.3 million barrels compared with an expected 2."Members of the Organization of the Petroleum Exporting Countries (OPEC) led by Saudi Arabia and non-OPEC members signed a deal earlier this month to cut oil output by almost 1.A weaker dollar makes greenback-denominated commodities including oil cheaper for holders of other currencies.8 million barrels per day from January 1.5-million barrels drop, the US Energy Information Administration said on Wednesday.63 a barrel, having previously finished 89 cents lower.

"It is a safe assumption China Wholesale thread screw barrel particularly in the early stages that OPEC and non-OPEC producers will abide by the agreement to curb output," Spooner said.65 earlier this week."We're pretty close to the closing level – it'll be interesting to see if the upward momentum is maintained as the Europe and US sessions open up," said Ric Spooner, chief market analyst at CMC Markets in Sydney.Russian Energy Minister Alexander Novak on Wednesday said trust between oil producing countries is important if a global deal to curtail output is to succeed.Elsewhere, US crude stocks posted a surprise build last week, climbing by 2. I think compliance is likely.end-ofTags: oil, oil price, crude oil, brent crude, opec, wtiLocation: Singapore, –, Singapore.63 a barrel, having previously finished 89 cents lower.Meanwhile, Libya's National Oil Corporation (NOC) said it hoped to add 270,000 barrels a day to national production after it confirmed on Tuesday that pipelines leading from Sharara and El Feel fields had reopened."Russia invested a lot in securing agreement so you wouldn't expect them to fail to comply in the early stages.REUTERS Published: Dec 22, 2016, 7:59 am IST Updated: Dec 22, 2016, 8:00 am IST Brent LCOc1 futures for February delivery climbed 17 cents to $54. A weaker dollar makes greenback-denominated commodities including oil cheaper for holders of other currencies.62 a barrel by 0121, after closing the previous session down 81 cents.

But gains were capped by an unexpected rise in US crude inventories last week and as Libya said it expected to boost output over the next few months.The dollar index which tracks the greenback against a basket of six rival currencies, slipped as investors took profits after its rise to a 14-year peak of 103.Singapore: Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism crude producers would abide by an agreement to curb output to prop up markets

5 percent, from their last settlement. Speculative oil traders also became less confident of higher oil prices, cutting their net long U.29 per barrel at 0200 GMT, down 72 cents, or 1. Singapore: Crude prices fell over 1.end-of. West Texas Intermediate futures were down 80 cents, or 1.S.IST Oil&single screw barrel Manufacturers039;s near 5-per cent price decline since September 8 partly reverses a 10 per cent rally early in the month.S.OPEC Secretary-General Mohammed Barkindo told APS that OPEC was not seeking a definite price range for oil but rather "sustainable stability" for the market."E

ach dollar is being used far more efficiently and, as a result, $50 oil appears much more palatable," Barclays bank said in a note to clients.Oil's near 5-per cent price decline since September 8 partly reverses a 10 per cent rally early in the month, which was fuelled by speculation that oil exporters could cap production.Moves towards clinching a global deal on stabilising crude output come five months after similar talks for a production freeze failed when Saudi Arabia insisted that Iran join the pact.74 per cent, at $45. drillers added oil rigs for a tenth week in the past 11, according to a Baker Hughes rig count report on Friday.5 per cent on Monday after U.S.Tehran says it supports any measures to stabilise the market, but has stopped short of committing to output restraint before its production reaches 4 million barrels per day, the level at which it says it was pumping before the imposition of Western sanctions which were lifted last January."Producers and service companies .Algeria's energy minister said there is a consensus # among OPEC and non-OPEC members about the need to stabilise the oil market to support prices, state news agency APS reported on Saturday. U.S. It was the longest streak without rig cuts since 2011.

Traders said the price falls on Monday and Friday were a result of increasing oil drilling activity in the United States, which indicated that producers can operate profitably around current levels.jpg Oil's near 5-per cent price decline since September 8 partly reverses a 10 per cent rally early in the month. Commodity Futures Trading Commission (CFTC) said on Friday.Even if exporters agree on freezing output around current levels, analysts said that would do little to raise prices as most exporters are pumping out oil at or near record levels, and have adapted to do so at lower prices..Brent crude futures were trading at $47.U. are well positioned to return to growth mode at much lower prices," Barclays said.. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises.08 a barrel. crude futures and options positions for a second consecutive week last week, the U.download (1)

West Texas Intermediate (WTI) crude was up 52 cents at $43. Natixis said it expected U.S. International benchmark Brent crude futures LCOc1 were trading at $45.Despite the recent rally, oil markets remain oversupplied as between 1 and 2 million barrels of crude are being pumped out of the ground every day in excess of demand, leaving storage tanks around the world filled to the rims with unsold fuel.U.

Another factor has been producers taking advantage of higher prices by locking in production. oil production to drop by at least 500,000 to 600,000 barrels per day (bpd) this year, compared with 2015, and by another 500,000 bpd in 2017. With Brent up 8 per cent since Monday and WTI 12 per cent higher since April 18, this week is set for some of the steepest price rallies so far this year, and crude is up by more than two-thirds since its 2016 lows between January and February.S."We would expect producers in the U.S taking every opportunity to aggressively hedge as soon as there is opportunity when oil prices recover for short periods of time," French investment bank Natixis said. Singapore: Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply. REUTERS Published: Apr 22, 2016, 7:29 am IST Updated: Apr 22, 2016, 7:29 am IST Oil markets remain oversupplied as between 1 and 2 million barrels of crude are being pumped out of the ground every day.

Traders said that sentiment in the entire commodity complex had turned more confident, with new cash being put into the market by investors, lifting prices.Falling output, especially in the United States, where many producers are shutting down following an up to 70 per cent price rout since 2014, is also helping to lift the market.70 a barrel.end-ofLocation: Singapore.(Representational Image) Oil markets remain oversupplied as between 1 and 2 million barrels of crude are being pumped out of the ground every day.09 per barrel at 0054 GMT, up more than half a dollar China foam board barrel screws from their last settlement