Thursday, 12 July 2018 18:43 WIB |
ENERGY |Minyak WTIbrent oilOil,Crude Oil
Oil prices rebounded Thursday as investors reevaluated news that had sent Brent to its biggest decline in almost 2 1/2 years on Wednesday.
The price of crude fell then amid concern over resurgent Libyan supply and the U.S.-China trade dispute. But some analysts question how soon that oil will hit markets, while investors around the world appeared to take a more relaxed view of the threat of a trade war on Thursday.
September Brent crude meanwhile, rose 76 cents, or 1%, to $74.16 a barrel on London™s ICE Futures exchange. The contract wrapped trading Wednesday down nearly 7% at $73.40 a barrel, marking its lowest settlement since June 21.
August West Texas Intermediate crude the U.S. benchmark, was up 39 cents, or 0.6%, to $70.77 a barrel. The contract closed at $70.38 a barrel on the New York Mercantile Exchange Wednesday”its lowest finish since June 25.
Source : Marketwatch