Oil prices rose slightly on Monday, barely paring last week’s steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply.
Trading was subdued due to public holidays in China, the United States and Britain. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
Brent crude futures LCOc1 settled up 14 cents, or 0.2 percent, at $52.29 per barrel. Brent fell nearly 3 percent the previous week.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were 19 cents higher at $49.99 per barrel.
The Organization of the Petroleum Exporting Countries and some non-OPEC producers pledged last week to extend production cuts of around 1.8 million barrels per day (bpd) until March 2018.
An initial agreement, in place since January, would have expired in June.
“This is a little bit of a bounce back from last Thursday when we had a really heavy drop,” said James L. Williams, an energy economist at WTRG Economics in Arkansas.
Nine months of current production levels is not going to be enough to meet OPEC’s goal of balancing supply, which is limiting price gains, he added.
Commerzbank analyst Carsten Fritsch called Monday’s price moves little more than “intraday noise.”
High compliance with the cuts so far was unlikely to last, he said, which should keep physical oil stockpiles near record levels. So far the output cuts have not lifted oil prices much beyond $50 per barrel.
While OPEC and other countries including Russia are trying to draw down inventories, crude production has surged in the United States C-OUT-T-EIA, up 10 percent since mid-2016. U.S. output of more than 9.3 million bpd is close to levels in major producers Russia and Saudi Arabia.
U.S. drillers have added rigs for 19 straight weeks, bringing the total 722, the highest since April 2015 and the longest run of additions on record, according to energy services firm Baker Hughes Inc (BHI.N).
Even if the rig count did not rise further, Goldman Sachs estimated U.S. output would increase by 785,000 bpd between the fourth quarter of 2016 and the fourth quarter of 2017 across the Permian, Eagle Ford, Bakken and Niobrara shale plays.
Analysts will watch whether the OPEC output cuts can reduce the global crude glut.
“It’s going to be all about inventories and whether they fall as much as OPEC thinks,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.
(Additional reporting by Libby George in London and Henning Gloystein; in Singapore; Editing by Marguerita Choy and David Gregorio)
The word ‘Sitcom’ comes from Situational Comedy and represents a variety of television shows involving a family or a close group of characters, being a format difficult to define but easy to recognize. It started as a television show for the family and until now remain family-oriented, even after suffering a few modifications with the content.
Corey Allen Kotler is an actor and comedian who has appeared in many movies, series, music videos and award shows. The Native New Yorker was born in 1968 and raised in Bayside earning a bachelor’s of Science in Broadcasting at the Long Island University-Brentwood Campus in 1998. He started his career as a standup comedian during his freshman year in College and after that he moved to Chicago to study improvisation at Second City where he was a cast as an original member of the hit play, Tony & Tina’s Wedding.
Corey Allen Kotler started his television career in 1991, when he convinced Howard Stern that he was an actual authentic Hasidic Rabbi, Rabbi Chaim Goldwasser. In recent years, he worked with best in the Industry in the series Heroes, Ugly Betty, ER, Nip/Tuck, Brooklyn Nine-Nine, Rizzoli and Isles, Transparent and 2 Broke Girls. He appeared many times on Jimmy Kimmel Live! The Tonight Show, MTV Movie Awards and the Teen Choice Awards and was featured in Taylor Swift’s Wildest Dreams video. Corey Kotler is trained with the best at Chicago’s Second City and at legendary NYC stand-up venues, such as The Bitter End, Village Gate & the Apollo Theater.
Corey Allen Kotler, appeared in more than 22 national TV commercials as well as numerous independent films. Corey Kotler is also the CEO of ChaChing Television Network for over a year, a multi-channel online Television Network coming soon to Roku.
As a comedian and a sitcom actor himself, Corey Allen Kotler separated the best sitcoms of all time. Have you watched any of those?
I Love Lucy
For Corey Allen Kotler I Love Lucy was on air from 1951 to 1957 and is one of the most beloved and popular sitcoms. It was a black and white television show pioneered on the multi-camera set-up, the first scripted television program to be shot on 35 mm film in front of a studio audience and one of the first programs to feature a pregnancy. When the actress Lucille Ball became pregnant, the decision to write it into the story line was ground breaking. CBS forbids the writers from saying the word ‘pregnancy,’ so the term “expecting” or “a blessed event” were used many times.
The focus of the sitcom was nuclear family, and the way the creators used humor to speak to the audience and talk about certain subjects was what made them successful. I Love Lucy topped the Nielsen ratings for four years out of the six seasons and won five Emmy Awards and received numerous nominations.
The couple of actors, Lucille Ball and Desi Arnaz were married not only in the sitcom but in real life too, say Corey Allen Kotler. However they got divorced a few years after the end of the show, but Desi proclaims until his dying day that, “I Love Lucy was never just a title.”
M.A.S.H.
On air from 1972 to 1983 produced by fox. Corey Allen Kotler says that was another sitcom with a dark humor, this time focusing on war to make comedy. The creators of M.A.S.H. based the characters in American soldiers that fought in the Vietnam War. With a crew of only doctors, the group spend their time in war helping people medically and friendship.
The Jeffersons
The Jeffersons were on air from 1975 to 1985, becoming the second longest-running sitcom in the history of the television where the majority of the cast was African-American and the first to show a married interracial couple. It started as a spin-off of another sitcom named “All in the Family” according to Corey Allen Kotler.
The history is about the opening of the family’s own dry-cleaning chain, and their move to a fancy uptown apartment. The show ran for 10 years, being broadcasted on CBS and it was canceled without having a finale. Corey Allen Kotler remembers that the cast reunited later on in a play based on the sitcom and in 1996 participated in the series finale of The Fresh Prince of Bel-Air, when they are the one’s buying the house from the Banks family.
Cheers
The show ran for eleven seasons between 1982 and 1993 in NBC. Corey Allen Kotler says that the base of the sitcom is the fact of being regular at a bar, giving another meaning to the phrase “want to go where everybody knows your name?”, and where you make friends and get discounted drinks. The history of the show is a bar in Massachusetts, with the name of Cheers in Boston. There a group of friends meet to drink, relax, and socialize. Corey Allen Kotler love the theme song of the show, written and performed by Gary Portnoy, and the interesting information is that the famous refrain “Where Everybody Knows Your Name” became the show’s tagline.
Married…With Children
Married…With Children ran from 1987 to 1997 on Fox. It became the most lasting live-action sitcom on Fox, and it was the first sitcom to be broadcasted in a prime time programming slot. The show, tell us Corey Allen Kotler, was actually made as a joke of the sitcom family. It was one of the first sitcoms to take the middle-class ideal, and corrupted it to a funny and immorally opposed to the clichéd family values of most sitcoms of the time.
Seinfeld.
This show aired from 1989 to 1998″ on NBC. One of the most sitcoms of the 1990’s, created by Larry David and Jerry Seinfeld, the last one appears on the show as a version of himself. Corey Allen Kotler tell us that the show is said to be “about nothing”, but tell the daily life of a group of friends living in New York, while trying to understand their life, relationships and work questions. The sitcom has as main set an apartment building in Manhattan’s Upper West Side in New York City. According to Corey Allen Kotler it opens the door for the fan favorite sitcom, Friends.
The Fresh Prince of Bel-Air
The Fresh Prince of Bel-Air aired from 1990 until 1996, through NBC. The show was the presentation of Will Smith to the world. The television show tells the history of Smith’s fictionalized version of himself that moves from West Philadelphia after a fight with his wealthy aunt and uncle in their Bel Air mansion. The Fresh Prince was Will Smith’s rap stage name.
The show had many famous appearances and real moments from the actor’s life. For Corey Allen Kotler, the theme song is the most iconic thing of the show now and it was written and performed by Smith.
Frasier
Was on air from 1993 to 2004 on NBC. Corey Allen Kotler says that this is the most famous sitcoms as it is one of the most successful spin-offs. Frasier Crane is a psychiatrist and a recurring character in the sitcom “Cheers”. When Cheers ended, the character got his own show where we follow his life while he lives with his father and brother after returning to his hometown of Seattle. In the show Frasier has his own radio program where he gives advice to anyone who calls.
Friends
It was on air from 1994 to 2004 on NBC. The history is a group of friends living in New York, all with interposing relationships and trying to find the meaning in certain parts of life, with their friendship being the focus and the only thing that stays the same.
The Friends is considered to have marked a new generation in television says Corey Allen Kotler. He says that many sitcoms appear after Friends finished, like “How I met your mother” and “Friends with benefits.” It won many awards during 10 years on air, and the talks of a revival follows the cast since its end, but never got confirmed.
Arrested Development
The show stayed on air from 2003 to 2006, broadcast by Fox. In 2013, the series had a revival done by Netflix, with the fourth season presenting 15 episodes. Corey Allen Kotler says that the audiences were not prepared to the criticism and dark humor of the sitcom.
The show tells the history of the Bluths, a modern dysfunctional family that was wealthy and loses at all after the arrest of the patriarch of the family. According to Corey Allen Kotler, a fifth season will premiere in 2017.
Currently there are many other great sitcoms, Corey Allen Kotler cites, The big bang theory, The office, Modern family, and the ones he participated himself, 2 Broke Girls and Brooklyn Nine-Nine as a few.
Corey Allen Kotler 