Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would trim oil production in late November, nearly three dozen of the largest U.S. explorers increased oil hedging activity by a third. Source Fuelfix
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A U.S. warship carried out a “maneuvering drill” when it sailed within 12 nautical miles of an artificial island built up by China in the South China Sea, to show Beijing it was not entitled to a territorial sea around it, U.S. officials said on Thursday. Source Reuters
US President Donald Trump has once again urged NATO members to pay more, saying 2 percent of GDP was the miniumum. Earlier, EU officials seemed assured that Trump had reversed some of his criticism of the bloc. Source Deutsche Welle
Chancellor Angela Merkel gave her strongest signal yet that she’ll pull German troops out of Turkey unless President Recep Tayyip Erdogan lets lawmakers in Berlin visit them, further cracking a show of unity at a NATO summit. Source Bloomberg