"I did it a little bit because they really asked for some help, but I really did it because I don't want to drive oil prices up to $100 a barrel or $150 a barrel, because I'm driving them down".
Some market watchers believe the Organization of the Petroleum Exporting Countries and allies including Russian Federation may take steps to reduce supply.
The mixed outcome of the USA congressional mid-term elections saw stockmarket jump, but oil prices fell to their lowest levels since March as the tightening of Trump administration sanctions on Iran from Monday continued to splutter. The group led by Saudi Arabia will gather in Abu Dhabi this weekend as they face a fresh surge of U.S. shale oil threatening to unleash a new surplus in 2019.
Yet more signs of growing global supply caused West Texas Intermediate on Thursday to settle $1, or 1.6 percent, lower at $60.67, while Brent fell $1.33, or 1.9 percent, to $70.74 per barrel. It's the second in a series, after an earlier report found that the group's spare capacity reduces oil price volatility and generates as much as $200 billion of annual economic benefits for the world economy.
Brent fell 95 cents to a low of $69.70 before recovering slightly to trade around $69.85 by 1030 GMT, down 4 percent for the week and more than 15 percent this quarter.
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The app developers for Android have also to be kept in the loop to adapt to these changes. The three new notched displays should be heading to new devices by 2019 and beyond.
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Gurgaon recorded "severe" air quality at 416, while it was "very poor" in Ghaziabad, Faridabad, Noida and Greater Noida. In October every year, air quality takes a plunge in the Indian capital of New Delhi due to the Diwali festival.
The U.S. Energy Information Administration (EIA) said domestic crude inventories rose 5.8 million barrels in the latest week, more than double analysts' expectations.
Oil prices spiked in early October on fears that USA sanctions on Iran would thin out global petroleum supplies. Brent is set for a 2.9% drop for the week, its fifth consecutive week of declines.
"OPEC was feeling the Trump pressure but producers took action with the thinking that they just needed to get past the US election", said Joe McMonigle, analyst at Hedgeye in Washington, in a note Wednesday.
Meanwhile, U.S. crude inventories rose by 5.8 million barrels in the week ending November 2, to 431.79 million barrels, the EIA said.
"India is a major importer of crude oil from Iran". Gasoline inventories also added 1.9 million barrels last week though distillates shed 3.5 million barrels last week.