Oil prices search for momentum, though inflation looms

U.A.E. Energy Minister on OPEC Alliance Oil Inventories

Overall, however, oil markets remain well supported due to healthy demand-growth and supply restraint by the Organization of the Petroleum Exporting Countries (OPEC), which started a year ago to draw down excess global inventories.

On the other hand, benchmark Brent crude futures was down by 0.7 percent to $65.19 a barrel, after marking a one-week peak of $65.90 on Monday.

The U.S. oil rig count, an indicator of future production, rose by seven to 798, its highest since April 2015, according to a weekly report from General Electric's Baker Hughes unit.

The West Texas Intermediate for March delivery increased 0.34 US dollar to settle at 61.68 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery added 0.51 dollar to close at 64.84 dollars a barrel on the London ICE Futures Exchange.

BAFTA Awards: 'Three Billboards' Wins Best Film, Best Actress
Three Billboards Outside Ebbing, Missouri also won best film as well as best British film at Sunday night's award ceremony. Actor Sir Patrick Stewart poses for photographers upon arrival at the BAFTA 2018 Awards on Sunday in London .

Last week, major oil producer Saudi Arabia reaffirmed its alliance with OPEC and non-OPEC producers, including Russian Federation, in an attempt to reduce about 2 percent in inventories worldwide. A stronger dollar on Tuesday saw most commodity prices - which are denominated in the United States currency - fall.

Oil prices traded mixed on Tuesday, as last week's gains bolstered the U.S. crude, while Brent prices declined through lower Asian stocks and a stronger dollar, although markets still remained supported by the supply curb.

The increase in USA production is not "a blip", Brouillette said.

Gold prices rose further last Thursday, supported by a weaker dollar as investors bought the yellow metal as a hedge against inflation after a faster-than-expected rise in U.S. consumer prices last month.

Trump Jr. to promote family real estate, make policy speech in India
About 70% of the apartments, which come with valet services and in-residence catering, have been sold, said an official statement. The head of Tribecca Developers, Kalpesh Mehta, had visited Trump in November 2016 after his win, a trip that led to controversy.

However, earlier this week both Saudi Arabia and Russian Federation admitted publicly that the metric to measure stockpiles is flawed and must be replaced - which implies that any claim made by OPEC or other parties about the true state of the crude market is questionable at best.

So far this year North American gold investors have the led the charge with funds adding 21.5 tonnes worth $940m during the month or three-quarters of the global total. The more active April contract added 1.2 per cent to US$62.27.

WTI has gained more than 8 per cent since the end of November, when the Organisation of Petroleum Exporting Countries and its allies agreed to extend an output-curb deal until the end of this year.

World tops US in Rising Stars game
There's a thought that the 21-year-old will be unstoppable if he can make a consistent jump shot. "He's really good", Embiid said. He's putting up 23.7 points and 11.1 rebounds and is also one of the frontrunners for the Defensive Player of the Year award.

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