Oil Jumps as Bulls Return on Trump's Pick of Iran Hawk Bolton
Friday, 23 March 2018 12:34 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil rallied on speculation the U.S. President™s appointment of afamed hawk as his new security adviser could increase geopolitical tensions, drawing investors™ focus away from the growing fears of a trade war.

Futures climbed as much as 1.7 percent in New York, heading for the biggest weekly advance since January. President Donald Trump said he will replace White House National Security Adviser H.R. McMaster with hardliner John Bolton ahead of a key decision on whether to maintain the Iran nuclear deal. Abandoning the accord raises the prospect of sanctions against the OPEC-member™s oil sales, analysts have said. Prices slumped 1.3 percent on Thursday after Trump called for tariffs on at least $50 billion in Chinese imports.

West Texas Intermediate crude for May delivery rose as much as $1.12 to $65.42 a barrel on the New York Mercantile Exchange and traded at $65.03 at 1:22 p.m. in Tokyo. Prices were 4.3 percent higher on the week, the most since January. The contract fell 87 cents to $64.30 on Thursday.

Brent for May settlement added 66 cents to $69.57 on the London-based ICE Futures Europe exchange after earlier touching $70 a barrel for the first time since February on an intraday basis. The global benchmark traded at a $4.56premium to WTI for the same month. Futures are up 5 percent this week, the biggest weekly jump since July.

Source : Bloomberg

RELATED NEWS

Oil rises after drone attack on Saudi field
Monday, 19 August 2019 18:32 WIB

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth...

U.S. Oil Futures Tally Gains For The Session And Week
Saturday, 17 August 2019 02:22 WIB

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian Gulf...," said Marshall Steeves, energy markets analyst at IHS Markit. "Overall, the market is range ...

Oil trims gains as OPEC lowers forecast for 2019 world oil-growth demand
Friday, 16 August 2019 19:05 WIB

Oil futures trimmed gains Friday after the Organization of the Petroleum Exporting Countries, in its monthly report, slightly lowered its outlook for global oil-demand growth this year. OPEC said it now expects oil demand to grow by 1.1 million barrels a day in 2019, down 40,000 barrels a day from i...

Oil Heads for Weekly Gain as Trade War Headlines Whipsaw Market
Friday, 16 August 2019 14:11 WIB

Oil headed for its first weekly gain this month as trade war news continued to whipsaw the market against the backdrop of rising U.S. stockpiles and a weakening global demand outlook. West Texas Intermediate crude for September delivery rose 61 cents, or 1.1%, to $55.08 a barrel on the Ne...

Oil gains after strong U.S. retail sales help ease recession worries
Friday, 16 August 2019 08:28 WIB

Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world's biggest economy. Brent crude was up 31 cents, or 0.5%, at $58.54 a barrel at 00:47 GMT, after falling 2.1% on Thursday and...

ANOTHER NEWS
Dow rises more than 200 points as Wall Street continues rebound from August sell-off
Monday, 19 August 2019 23:35 WIB Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recession. Equities also got a boost after the U.S. agreed to extend a temporary reprieve to Chinese telecom giant Huawei. The Dow Jones Industrial Average...

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.