Oil prices extend losses on supply, trade war fears

Wednesday, 20 November 2019 14:27 WIB

Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the U.S.-China trade war. West Texas Intermediate (WTI) crude futures erased early gains to be down 6 cents, or 0.1%, at $55.15 a barrel by 06:31 GMT, after falling more than 4% over the previous two sessions. Brent crude futures were at $60.71 a barrel, down 20 cents, or 0.3%. Brent dropped 3.8% during the prior two sessions. Crude inventories in the United States, the world's biggest oil user, rose 6 million...

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RECENT NEWS

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PRECIOUS METALS
Gold Steady Amid U.S.-China Tension Before Fed Minutes
Wednesday, 20 November 2019 09:56 WIB Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve...
ENERGY
Oil prices extend losses on supply, trade war fears
Wednesday, 20 November 2019 14:27 WIB Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth, while...
CURRENCIES
Dollar, yen supported as caution prevails on mixed trade signals
Wednesday, 20 November 2019 08:36 WIB The dollar and the safe-haven yen found support on Wednesday as a lack of clarity on U.S.-China trade talks kept investors cautious ahead of the...

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