Several tornadoes touch down in the Plains, Midwest during severe weather Tuesday

Barton County spokeswoman Donna Zimmerman said the tornado that formed near Pawnee Rock remained on the ground for up to 15 miles before dissipating. Other than this there were no other mishaps reported till now, says the authorities. Governor Scott Walker on Wednesday afternoon, May 17th toured the damage after a deadly tornado near Chetek Tuesday. Officials say residents of the park will be allowed to enter the site to look for their belongings around noon.

Rouble rallies as Saudi and Russian Federation agree on oil output cut

But one major unknown will be the response of low-priced USA shale producers, which could undermine the unified effort to prop up the market. Brent crude oil was up 30 cents at $52.12 a barrel by 1335 GMT. The ministers said they hoped other producers would join the supply cut, which will initially be on the same volume terms as before. "It's really only scalable around $50-$55 a barrel, which means [OPEC producers] have a lot of room in which they can grow production underneath that level".

Asian Stocks Mixed, Investors Digest Oil Output-Cut Extension

Oil producers worldwide, including 11 non-OPEC members, joined together in December 2016 to agree on 1.8 million barrels per day of production cuts that would successfully stabilize the oil price in 2017. "The negative oil reaction to a 9-month OPEC production cut extension is a prime example of "buy the rumour, sell the fact". Bloomberg also noted that Saudi Arabia generally has less oil to supply to the summer months due to amplified domestic demand for cooling needs ...

Saudi Arabia To Trim Oil Exports To US To Force Inventories Lower

This is why Saudi cargoes to the recent months have totaled 1.21 million barrels a day - the highest rates since 2014, the year of the oil price crash. Brent crude, the global standard, rose 3 cents to $51.49 a barrel in London . Meanwhile, analysts said there was caution in the markets ahead of a meeting of leaders from the world's richest economies that was expected to expose deep divisions with U.S.

Oil: cuts to last more nine months

By keeping production at about 1.8 million barrels a day lower than late 2016's levels, the group is suppressing about 2 percent of global supply. The group of major producers will maintain current cuts to output for nine months until March, Reuters reported, citing an unidentified Opec delegate.