5 percent, with record volumes traded.S.4 percent from their last close.U.3 million barrels to 428. Only Russia, at currently just under 11 million bpd, pumps out more.33 per barrel at 0648 GMT, up 27 cents, or 0. Singapore: Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday’s late-2014 highs as bulging U.“Geopolitical events could keep prices elevated above $70 Brent in April and May, but our balances suggest a high likelihood of a downward correction in 2H18,” Barclays bank said.4 percent from their last settlement. supplies weighed.Both Brent and WTI on Wednesday hit their highest since late 2014 of $73.S.S.S.S. For WTI, the bank forecast prices of $58 and $55 a barrel for this year and next.S. WTI crude futures were at $67..Barclays said it expected Brent to average $63 per barrel in 2018 and $60 in 2019. President Donald Trump warned Russia of imminent military action in Syria.Oil markets remained tense on Thursday on concerns over a military escalation in Syria.

China injection molding screw head and rings Suppliers supplies weighed. crude production last week hit a fresh record of 10.The Chinese Commerce Ministry also said there had been no bilateral negotiations with the United States on the trade frictions.Ongoing concerns of a prolonged trade dispute between the United States and China are also keeping markets on edge. and Russia, and also a slowing demand growth outlook,” said Georgi Slavov, head of research at commodities brokerage Marex Spectron. crude oil inventories rose by 3.64 million barrels.S.“Barring any geopolitical shocks, we see limited upside potential for oil prices from current levels due to ongoing oversupply, mainly from the U.7 yuan ($68.The United States now produces more crude than top exporter Saudi Arabia.

Brent crude futures were at $72.“Geopolitical risks outweighed an unexpected rise in inventories in the U. Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday’s late-2014 highs as bulging U.09 and $67.S.Ample supplies:Although markets were tense, supplies remain ample especially due to the United States, and analysts said this would likely weigh on prices at some point.53 million barrels per day (bpd), up by a quarter since mid-2016.5 yuan to 428.,” ANZ bank said.20 a barrel, up 38 cents, or 0.U.45 per barrel, respectively, after Saudi Arabia said it intercepted missiles over Riyadh and U.” and that Beijing was prepared to escalate the spat if Washington did not back off from its threatened import tariffs.S.A trade dispute between the United States and China also kept markets on edge.In China, Shanghai crude futures rose by 10.Meanwhile, U.28) per barrel, up 2.China lashed out at the United States on Thursday saying that the trade disputes, in which both sides have threatened to impose tariffs on imports of several products, were “single-handedly provoked by the U