North Dakota's booming oil business has quickly ran up against a serious shortage of housing for the thousands of workers who have poured into the state looking to cash in on the Bakken oil formation that has made North Dakota the second-largest oil-producing state after Texas.
OIL prices edged up yesterday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories.
Oil markets have tightened after a year of production cuts led by Middle East-dominated Organisation of the Petroleum Exporting Countries (OPEC) and Russian Federation.
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The father lives next door to the now non-existent building. "Close the door, close the door, close the door", Nigro said. Mensah was staying with a family that escaped safely from Thursday night's fire in a five-story Bronx building.
According to the source, the price for February Futures WTI oil increased by 0,74%, totaling to $60,28 per barrel on the New York Mercantile Exchange (NYMEX).
WTI rose 58 cents to $60.42 per barrel on Friday, its best closing price since June of 2015; Brent rose 76 cents to $66.92 per barrel. Since the start of the year, Brent and WTI have risen by 17 and 12%, respectively, although the price rises from mid-2017 are much stronger, at almost 50%.
Brent broke through $67 earlier this week for the first time since May 2015.The price rises were driven by a surprise drop in US oil production, which last week dipped to 9.754 million barrels per day (bpd), down from 9.789 million bpd the previous week, according to data from the Energy Information Administration (EIA) released late on Thursday. Output peaked at 9.6 million bpd in 1970. The US expects production to top 10 million barrels a day in the coming year. Front-month prices are about 12 per cent higher this year, after rising 45 per cent - the most since 2009 - in 2016.
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The vast majority of Canadian oil output comes from the oil sands, which trades at a discount to the North American benchmark price because it is more expensive to refine and amid a lack of pipeline options to get it all safely and quickly to market.
Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between Opec (Organization of Petroleum Exporting Countries) and U.S. shale, said a report.
There are also expectations in the market that OPEC's next meeting on November 30 will agree to extend cuts beyond the current expiry date in March 2018.
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Our dad is incredible and completely self sacrificing. "How fun it was!" The family she never had? Marrying merely extends it. She's glamorous and sexy and a good actress.