Oil prices bounce around, at risk of snapping 8-session rally
Friday, 11 January 2019 03:45 WIB | ENERGY |MinyakWTIOil,Crude Oil

Oil futures prices bounced around Thursday, at risk of halting an eight-session rally that has taken the U.S. benchmark to four-week highs and pushed both contracts out of bear-market territory.

A slightly stronger U.S. dollar also helped to push oil lower, as the firmer buck makes U.S. crude more expensive for investors using another currency.

In Thursday dealings, West Texas Intermediate crude for February delivery picked up 32 cents, or 0.6%, to $52.65 a barrel on the New York Mercantile Exchange, reversing course after trading lower earlier in the session. Goosed by an over 5% gain, it settled Wednesday at $52.36 a barrel, for the highest finish since Dec. 13. Prices have now climbed out of a bear market, rising by 23% from its 52-week low of $42.53 on Dec. 24, according to Dow Jones Market Data.

March Brent crude  rose 44 cents, or 0.7%, at $61.88 a barrel on ICE Futures Europe. Its settlement a day earlier at $61.44 also marked the highest finish since mid-December.

Source : Marketwatch

RELATED NEWS

Oil Futures Mark Lowest Settlement of The Month So Far
Wednesday, 20 November 2019 03:52 WIB

Oil futures declined on Tuesday for a second consecutive session, marking the lowest settlement so far this month and sending U.S. prices below their 50-day moving average. Expectations for a fourth consecutive weekly rise in U.S. crude supplies and a report from Reuters that said major oil exporte...

Oil Under Pressure as Trade Talks Drag On
Tuesday, 19 November 2019 19:30 WIB

Oil extended declines, breaking below $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in U.S. crude inventories. A Chinese government source was quoted by CNBC on Monday as saying there w...

Oil eases amid concern over U.S.-China trade talks dragging on
Tuesday, 19 November 2019 13:40 WIB

U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising U.S. inventories also jangled nerves. West Texas Intermediate (WTI) crude (CLc1) dropped 27 cents or 0.47% to $56.78 ...

Oil Extends Drop for Second Day as U.S. Crude Supply Seen Rising
Tuesday, 19 November 2019 08:18 WIB

Oil dropped for a second day on indications U.S. crude stockpiles and shale output will continue expanding, while investors wait for news on a breakthrough to the prolonged trade war. Futures declined as much as 0.4% in New York after falling 1.2% on Monday, the most since Nov. 6. American&nbs...

Oil Ends Lower Amid Lack of China Trade Progress Trade
Tuesday, 19 November 2019 03:54 WIB

Oil futures settled lower on Monday, after posting back-to-back weekly gains on rising hope for a so-called phase-one U.S.-China trade deal. West Texas Intermediate crude for December delivery fell 67 cents, or 1.2%, to settle at $57.05 a barrel on the New York Mercantile Exchange, while January Br...

ANOTHER NEWS
Dollar, yen supported as caution prevails on mixed trade signals
Wednesday, 20 November 2019 08:36 WIB The dollar and the safe-haven yen found support on Wednesday as a lack of clarity on U.S.-China trade talks kept investors cautious ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting. Moves were slight as jaded...

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.