Oil Extends Decline as Saudi Arabia, Russia Signal Output Boost
Tuesday, 29 May 2018 08:36 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil headed for its longest run of losses since February as Saudi Arabia and Russia mull easing curbs on crude production in place since early last year.

Futures in New York traded down 1.2 percent from the close Friday. There was no settlement Monday because of the U.S. Memorial Day holiday and all trades will be booked Tuesday. Saudi Arabia and Russia last week signaled they may restore some of the output halted as part of a deal between OPEC and its allies, amid growing supply concerns.

West Texas Intermediate for July delivery traded down 81 cents to $67.07 a barrel on the New York Mercantile Exchange at 9:25 a.m. in Tokyo. Prices dropped $2.83 to $67.88 on Friday, the biggest loss since July 5.

Brent futures for July settlement added 58 cents, or 0.8 percent, to $75.88 a barrel on the London-based ICE Futures Europe exchange. Prices on Monday lost $1.14 to $75.30. The global benchmark crude traded at a $8.74 premium to WTI for the same month.

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
US futures point to higher open ahead of Powell's speech
Friday, 23 August 2019 16:00 WIB U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve's top official. At around 04:00 a.m. ET, Dow futures rose 84 points, indicating a positive open of more than 68 points....

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.