West Texas Intermediate (WTI) crude rose by 46 cents or 0.4 per cent to settle at $63.84 a barrel.
Production cuts from the Organization of Petroleum Exporting Countries (OPEC), in addition to supply risks from Iran, Venezuela and Libya continue to pressure global oil supply and keep oil prices high at Friday's opening.
IEA said Thursday that worldwide crude inventories are set to decline for the rest of the year as OPEC output falls.
Crude futures rose again on Friday, heading for a sixth-straight week of gains, as threats of a wipeout in Libyan crude supply bolstered an already squeezed market.
"Clearly, oil prices at $70/bbl for Brent, are less comfortable for consumers than they were at the start of the year and the IEA has regularly warned of the dangers of prices rising even higher".
"We believe global demand has another 10 million barrels bpd of growth, with over half from China", Bernstein Energy said in a note on Thursday.
In its April report the IEA maintained its forecast for oil demand growth in 2019 at 1.4 million barrels per day.
Curry sets playoff record as Warriors dominate Clippers
Beverley did not score in the first half and wound up with three points on 1-for-7 shooting, seven assists and seven rebounds. For his part, Clippers coach Doc Rivers was less than pleased with the officiating in the opener.
Current oil demand stands around 100 million bpd. Demand is expected to grow by 1.4 percent per day.
Saudi Arabia's crude output fell 289,000 bpd in March to average 9.79 million bpd, according to an average of the six secondary sources that OPEC uses to gauge production.
With this decline in production, which according to official records is due to a natural decline from the depletion of some wells and the lack of investment in the prospecting, surveying and exploration segments in the last ten years, Nigeria has moved ahead and consolidated its position as the main producer in Africa.
OPEC and its allies meet in June to decide whether to continue withholding supply.
"Crude oil production has not been affected so far and if we can not reduce the Libyan risk to zero, we go into this weekend with a lower risk premium for Libya than a week ago", said Olivier Jakob at PetroMatrix in Zug, Switzerland.
In 2018 OPEC+ made a decision to increase output at its mid-year meeting, only to return to production cuts in 2019.
This will be the first gaming project that Jason West will be a part of since his departure from Respawn Entertainment . Epic Games is known for their poaching skills, getting even the best of developers to become exclusive to their DRM.
Witnesses told officers that the child may have been thrown or pushed and that a male suspect had taken off running. The name of the victim has not been released, and his family is asking for their privacy to be respected.
Thursday's launch was SpaceX's second flight with the Falcon Heavy rocket, which had its first demo mission in February 2018 . Humanity's most powerful rocket, the SpaceX Falcon Heavy, had a successful second flight today, the company has announced.
Cal will also have a former Jedi Knight as his mentor and friend. "But I will say that there's more to the story than you see". He works "as part of the scrapper guild", and he bears a close resemblance to Rey in terms of what he does - and his powers.
The quake was "strong and long-lasting", Gina Saerang, a resident of Manado in Sulawesi, was quoted by Reuters as saying. The USGS said the quake centered in the Gulf of Tolo, about 60 miles south-southwest of Luwok.
Kohli scored 67 and AB de Villiers made an unbeaten 59 as RCB chased down 174 for victory with four balls remaining. The Mumbai Indians reserve a 4 PM home game every season for their "Education for All" initiative.
The FCC , led by Pai, said the Rural Digital Opportunity Fund will help connect up to 4 million homes and small businesses. The race to 5G was already but now it has got an official seal of approval from the world's most "powerful man".
National Weather Service meteorologist John Moore said a possible twister touched down Saturday in the Vicksburg, Miss., area. They were in the back seat with their parents in the front, said Angelina County Sheriff's Department Capt.
Other odd messages include "Hi iFixit!" 'While I appreciate Easter eggs, these were inappropriate and should have been removed . Facebook is set to launch two new VR products - the $399 standalone Oculus VR system and the $399 PC-tethered Oculus Rift S.
Last C7 Corvette To Be Auctioned Off For Charity This Summer
It's also been reported that at least some trims will get a dual-clutch automatic transmission to replace the current automatic. It's just the thing to make the hearts of Corvette fans race: A new rendition of the classic sports auto is coming.
Bruce Cassidy isn't putting Game 1 loss on Tuukka Rask
The Toronto Maple Leafs and Boston Bruins meet Saturday in game two of the National Hockey League first round at the TD Garden. When he was just outside the crease, DeBrusk was called for bringing him down from behind, and he went crashing into Rask.
Samsung Galaxy A40 with 25MP selfie camera revealed
Thanks to this, Samsung Galaxy A80 can fully use its display , without being interrupted by any hole punches or notches. Complimenting the same is an ultra-wide 8 mp sensor of the f2.2 aperture along with a ToF sensor for mapping depth.
DeWine signs heartbeat abortion bill
Ohio's so-called heartbeat bill won't even get to the US Supreme Court, but it will cost OH taxpayers millions, she said. Mike DeWine signs a bill imposing one of the nation's toughest abortion restrictions, April 11, 2019 in Columbus, Ohio.
ICC judges deny prosecution request for Afghan probe
The ICC backed down after the Trump administration took a heretofore un-tried hard line in respect of the courts gumshoes. On April 5, Bensouda's office said in a written statement that U.S authorities revoked her entry visa.