Oil Rises as Traders Take Cue From Stock-Market Bounce
Thursday, 25 October 2018 22:56 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil futures headed higher Thursday as a rebound in equity markets backed a return to risk-on sentiment, giving U.S. benchmark prices an incentive to move up for a second session in a row.

The Energy Information Administration reported Wednesday that U.S. oil stockpiles rose for a fifth straight week, up 6.3 million barrels in the week ended Oct. 19. The data, however, also revealed a drop of 4.8 million barrels in gasoline stockpiles”over three times more than expected.

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange added 35 cents, or 0.5%, to $67.17 a barrel, following a gain of 0.6% a day earlier. Month to date, prices based on the front-month contracts were down more than 8%, which would be the largest monthly loss since July 2016, according to FactSet data.

December Brent crude was up 17 cents, or 0.2%, to $76.34 a barrel after a loss of nearly 0.4% Wednesday.

Source : Marketwatch

RELATED NEWS

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...

Oil price rally takes a breather after Monday's big gains
Tuesday, 20 August 2019 19:12 WIB

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields. West Texas Intermediate crude for October ...

Oil Rises on Improvement Reported in Trade Talks, Drone Attack
Tuesday, 20 August 2019 02:47 WIB

Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. But the bigger factor for the week could be what transpires at the Kansas City Fed's annual gathering in Jackson Hole, Wyo. New York-traded West Texas Intermediate crude sett...

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...

ANOTHER NEWS
Dow jumps 300 points, Target and Lowe's surge on strong earnings
Wednesday, 21 August 2019 23:26 WIB Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. The Dow Jones Industrial Average traded 300 points higher, or 1.2%. The S&P 500 gained 0.9% while the Nasdaq Composite...

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.