Oil refineries in the USA are coming back online and increasing their demand for crude after several Hurricanes rampaged through the southern states and delayed refinery operations.
This is especially true as OPEC oil output declined in August for the first time since March.
Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russian Federation and Venezuela confirmed their commitment to a production - cutting deal to reduce the global crude glut.
West Texas Intermediate crude for October delivery CLV7, +0.87% jumped 50 cents, or 1%, to $48.73 a barrel, setting it on track for the highest settlement since last Thursday.
It was followed by the IEA saying the global oil glut was shrinking, thanks to strong European and USA demands as well as production declines in OPEC and non-OPEC countries.
In August, OPEC's total crude oil production eased by 79,000 b/d, to average nearly 32.8 million b/d.
Earlier Wednesday, the EIA reported that United States crude stocks rose by 5.9 million barrels for the week ended September 8 while domestic USA crude output jumped by 572,000 barrels a day to 9.353 million barrels as more wells came back on line after the storm.
Washington school shootout: one student killed An "active shooter" was arrested last Friday at a school in Columbus, Ohio, although no one was injured in that incident. Senator Maria Cantwell tweeted, "Closely monitoring devastating news of the school shooting in Spokane County".
It was said that the gasoline stocks fell by 8.4 million barrels over the past week.
Crude oil prices have seen an increase of around six percent in August 2017 on a month-on-month basis due to depleting inventory levels. Diesel futures rose 0.9 cent, or 0.51%, to $1.7775 a gallon.
Brent prices rose "on signs of stronger demand and tightening OECD inventories as signaled by today's monthly IEA report", said Matt Smith, director of commodity research at ClipperData.
IEA expects that world demand for oil in 2017 will increase by 1.6 million barrels per day year-on-year, Russian news agency Tass reported, citing the agency's September report.
He also said an extension to the cartel's cuts was possible since volumes of oil stocks were still a challenge.
This week, Opec and its allies were said to be discussing extending supply cuts past the end of March, and compliance with the supply limits rose to 96 per cent in August, Opec data from so-called secondary sources showed.
Trump says alongside Scott and other Florida officials that he knows "at a certain point it ends for you and we can't let it end". Trump was to arrive in Fort Myers, where he's scheduled to meet with local officials and receive a briefing on relief efforts.
Levine and Prinsloo got married in 2014 in San José del Cabo, Mexico, subsequent to getting drew in a year prior. The gorgeous model has confirmed that she is pregnant again and their family of three will turn four next year.
United States production also saw a dip while oil rig count fell last week which supported prices at lower levels. API also reported gasoline supplies fell by 7.9 million barrels and distillate inventories fell by 1.8 barrels.
The network has a history of suspending or firing people who cross the line politically, but Hill's fate remains unclear. The controversy following Hill's tweets has even sparked debate among sports analysts, New York Daily News reports.
Class action lawsuits are also a possible avenue for clients (former and active) to try to receive money from the company. Obviously, however, this is a situation in which there ought to be a law, if there isn't one already.
The total domestic collection went up to $402 million while the global collection of the film went past $ 800 million . Just as Wonder Woman broke barriers for superhero movies, Jenkins' deal breaks a glass ceiling for women directors.
Israel's leader on Wednesday said his country supports Kurdish independence ahead of a key referendum on the matter. But the statement said Israel "supports the legitimate efforts of the Kurdish people to attain a state of its own".
Bill Nelson called the six deaths in Hollywood "an inexcusable tragedy" and called on authorities to get to the bottom of it. The fuse needed to maintain the air-conditioning unit was broken as Hurricane Irma passed through the area.
The federal ban could lead to pressure on state and local governments to ditch Kaspersky products as well. The directive gives agencies 30 days to determine whether they are using any Kaspersky products.
The support for both HDR10 and Dolby Vision is a welcome addition - as this opens up the device to a wider array of movies. Apple executive Eddy Cue said on Tuesday that all major movie studios have signed up to deliver 4K movies through the box.
The display of the Watch will serve as the antenna for data communication, you'll still need a smaller electronic SIM though. There is also a W2 chip for Bluetooth and Wifi Connectivity which allows for 85% faster WiFi while being 50% more efficient.
US Congress sends anti-white supremacist resolution to Trump
But as we learned last month, the president's immediate and unequivocal condemnation of racist groups is no longer a given. In an interview with Vice, Scott called Trump's " moral authority " into question over the response to Charlottesville .
Terrorist Abu Ismail Killed by Indian Forces
Meanwhile, 2G and 3G mobile internet services have been restored in Srinagar , whereas 4G services are still blocked in Srinagar . "As the security forces tightened the cordon, the hiding militants opened fire, triggering an encounter", an official said .
US House votes to block aircraft sales to Iran
The administration also faces an October 15 deadline to certify whether Iran remains in compliance with the nuclear deal. The three-month recertification deadlines determine the status of sanction relief under the agreement.
Edie Windsor On Marriage (Audio)
Windsor met Thea Spyer , at the time already a clinical psychologist, at Greenwich Village restaurant Portofino in 1963. The marriage was over within a year, and Windsor moved to NY and eventually became immersed in the gay community.
Best bets for GGG-Canelo fight
I was never with Golovkin. "I rate Canelo as pound for pound the best fighter in the world now that Mayweather has retired again". Golden Boy Promotions, which handles Alvarez, waited patiently for the fight to build up to where it is now.
Paris for 2024, Los Angeles for 2028
Paris will site events across iconic venues, and will build an Olympic Village along the Seine River at Saint-Denis. At the time, they committed to working out a deal that culminated with each city getting an Olympics on Wednesday.