Global benchmark Brent crude oil futures had yet to trade.
In its monthly report, OPEC said world oil demand next year would rise by 1.29 million barrels per day, 70,000 bpd less than predicted last month and the fourth consecutive forecast cut.
In this context, then, it is no surprise OPEC officials, notably Saudi Arabia's Khalid al-Falih have started to talk about production cuts again for fear of another glut like the one that dragged prices below US$30 a barrel four years ago.
Oil's slide accelerated on Tuesday, with USA futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and sell offs across other asset classes, including equities. Hedge funds and other money managers have reduced their long position in oil contracts to their lowest since August of 2017 last week.
Brent Crude has now fallen over 25% since hitting a four-year high in early October, while United States oil has lost 28% since its October peak.
What did we learn from Oleksandr Usyk's knockout of Tony Bellew?
He beat me fair and square, I've no excuses. "It is my final walk away - I have been doing this for 20 years, and now it is over". He added: "The only thing to say is: I just want to disappear, please leave me alone". "I meet a man who has exceptional skills".
Prince Charles as you've never seen him before
Malcolm Selley, from Barry, Vale of Glamorgan, will share his birthday with the Prince of Wales at a royal tea. The images show the three men who will each be king: Prince Charles , Prince William and Prince George .
Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices.
"The market now increasingly looks concerned about the prospect of too much supply", said Norbert Ruecker, head of macro and commodity research at Swiss bank Julius Baer.
Saudi Arabia, a prominent member of the oil cartel, said it would cut exports by as much as 500,000 barrels per day (bpd) in November and December to curb oversupply.
Oil prices have fallen sharply to levels not seen for nearly a year as traders see a return of a glut in supplies at a time of falling demand. Russian oil minister Alexander Novak said his country was open to cuts, at a meeting of oil producers in Abu Dhabi.
Merrill Lynch says US crude production will break through 12 million bpd in 2019, supporting oil exports to the rest of the world. Kazakhstan said on Tuesday its oil output rose 4.8 per cent to 74.5 million tonnes in the first 10 months of 2018, equivalent to 1.82 million bpd.
Trump posted a tweet on Monday meant to put pressure on OPEC, calling for no supply cuts to prop up prices.
Most analysts expect USA output to climb above 12 million bpd within the first half of 2019.
Victoria Beckham delighted Spice Girls fans everywhere when she mentioned the girl group onstage at the People's Choice Awards . She said: "It's always about empowering women, making women feel the best, most lovely and strong version of herself".
While Bolton likes her, according to Trump administration officials, Ricardel is widely disliked among other White House staff. A further NBC News report cited an issue over allowing NSC staff on the first lady's plane.
Sunday's live-streamed take-off was the third attempt at the mission after technical difficulties in April and June. Rocket Lab most recent funding round was in 2017, when it raised US$75m at a post-money valuation of more than $1b.
Hemsworth ends the post by directing people who want to help to The Malibu Foundation and Miley's Happy Hippie Foundation . Hemsworth and Cyrus weren't the only celebrities that lost their homes amid the deadly and destructive wildfires.
Monday, Sinema received 1,097,321 votes (49.68%), while Republican candidate Martha McSally received 1,059,124 votes (47.96%). Democrat Kyrsten Sinema has won a tight Senate race in the U.S. state of Arizona, beating Republican Martha McSally .
Shadow Brexit Secretary Keir Starmer added: "Given the shambolic nature of the negotiations this is unlikely to be a good deal". Overwhelmingly, the British people want us to get on with delivering Brexit, and I am determined to deliver for them.
Chelsea playmaker Eden Hazard is unhappy at the rough treatment doled out by his opponents and admits to feeling the effects. I am very happy with this club, with the team, my family is happy here. "(But) I prefer three points today than the record".
Still under the No Deal scenario " Britain stands on the brink of the greatest crisis since the Second World War ", he said. In his opinion, now we need to ask people whether he agrees with the continuation of Brexit on such "unthinkable".
They include the killing itself and conversations before the operation which Turkey subsequently uncovered, the sources said. While he was not mentioned by name, US intelligence officials believe "your boss" was a reference to Crown Prince Mohammed.
If Mexico loses future games in addition to this one, we're talking over $100 million-plus lost for their economy. The teams now will play each other at the Los Angeles Memorial Coliseum, the Rams' home stadium.
Israel and Hamas reach ceasefire after rocket barrage
The enclave has been under an Israeli and Egyptian blockade since Hamas seized power more than a decade ago. A firefight ensued resulting in the death of seven Palestinians as well as an Israeli lieutenant colonel.
Packers Release Inactives Ahead of Matchup Against Dolphins
When you don't allow a touchdown and you have Aaron Rodgers as your quarterback, you're going to win a lot of football games. The Packers got some payback though, converting their own fake punt early in the fourth quarter while holding a 28-12 lead.
Marvel creator Stan Lee dead at 95
It became a running gag, with fans wondering at what point in a movie Lee would make his short but always memorable appearance. Today, it would be nearly impossible to find a corner of the Marvel Universe that Stan didn't have a hand in.
Pilots say Boeing didn't disclose jet's new control feature
A United spokesman said Tuesday night: "We have received the bulletin from Boeing and directives from FAA and are complying". Photo Credit: United Airlines is warning its pilots to be vigilant about a new automated system on the Boeing 737 Max.
US Star Tipped As 'Secret' I'm A Celebrity Contestant
I know it's a game and I am not going in to be a misery", Barrowman added. "We do everything together", he said. Another big name who is tipped to be the "secret" contestant is Deal or No Deal star Noel Edmonds .
California wildfires: Number of missing people rises to 228
Though the state's drought has eased slightly, it's still abnormally dry, according to CNN meteorologist Taylor Ward . Hours after the fire broke out, residents fleeing Paradise became trapped in gridlock traffic as the fire closed in.