Oil Set for Weekly Gain as Crude Stockpiles and Dollar Decline
Friday, 26 January 2018 18:43 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation™s currency weakened.

Futures have climbed 3.8 percent in New York this week after reaching the highest since December 2014 on Thursday. Crude stockpiles fell for a 10th week to the lowest level since February 2015, according to Energy Information Administration data Wednesday. The weaker dollar has made oil more attractive to investors.

West Texas Intermediate for March delivery was at $65.72 a barrel on the New York Mercantile Exchange, up 21 cents, at 11:02 a.m. in London. Total volume traded was about 9 percent below the 100-day average.

Brent for March settlement added 15 cents to $70.57 a barrel on the London-based ICE Futures Europe exchange after falling 11 cents on Thursday. Prices are up 2.9 percent this week, rebounding from the first weekly drop since mid-December. The global benchmark crude traded at a premium of $4.87 to WTI.

Source : Bloomberg

RELATED NEWS

Oil Ends Lower as Demand Worries Pressure Prices
Friday, 23 August 2019 02:17 WIB

Oil futures ended lower on Thursday, weighed down by expectations for surplus supplies, with the economy and energy demand moving back into focus on the first day of the Jackson Hole economic policy symposium in Wyoming. West Texas Intermediate crude for October delivery on the New York Mercantile ...

Oil Prices Rise On Brief Respite From Economic Concerns, Hope For Supply Cuts
Thursday, 22 August 2019 19:12 WIB

Oil prices rose on Thursday as an unexpected increase in business activity in the euro zone gave traders some respite from economic worries as they await further stimulus from central banks, while hopes that OPEC has room for further supply cuts supported sentiment. New York-traded West Texas Inter...

U.S. oil prices settle lower as crude supplies log first weekly slump in 3 weeks
Thursday, 22 August 2019 02:51 WIB

U.S. oil futures settled lower Wednesday after the government reported a weekly decrease in domestic crude supplies, the first in three weeks, but smaller than the market expected. Concerns over energy demand also continued to pressure prices. West Texas Intermediate crude for October delivery fel...

Oil prices climb as U.S. inventory report shows supply drop
Wednesday, 21 August 2019 19:21 WIB

Oil futures headed higher Wednesday, with prices advancing after a report on U.S. inventories showed a sizable reduction in supplies. West Texas Intermediate crude for October WTI contract gained 75 cents, or 1.3%, to $56.86 a barrel on the New York Mercantile Exchange, while the October contract f...

Front-month oil futures settle higher, with data expected to reveal a weekly decline in U.S. crude supplies
Wednesday, 21 August 2019 02:49 WIB

Front-month oil futures contracts settled higher for a third straight session on Tuesday, ahead of U.S. government data that are expected to reveal a weekly decline in domestic crude stockpiles, following back-to-back weekly supply increases. West Texas Intermediate crude for September delivery tac...

ANOTHER NEWS
Gold Prices Drop Ahead of Jackson Hole Symposium
Friday, 23 August 2019 14:10 WIB Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. Gold Futures for December delivery, traded on...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.