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 Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General...

Oil Set for Weekly Slump as Asia Virus Adds to Demand Concerns
Friday, 24 January 2020 18:37 WIB

Oil headed for a 5% loss this week amid fears that China™scoronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. crude inventories and a p...

Oil steadies, but concern over spreading China virus weighs
Friday, 24 January 2020 09:58 WIB

Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook. Brent crude futures (LCOc1) were 4 cents lower ...

U.S. oil futures mark lowest settlement since late November
Friday, 24 January 2020 03:11 WIB

Oil futures fell sharply on Thursday, sending U.S. prices to their lowest settlement since late November, as the spread of coronavirus raised worries about the global economy and energy demand. "All markets are watching the situation with China" and the coronavirus, said Tariq Zahir, managing membe...

Oil Prices Pare Losses as EIA Reports a Modest, Unexpected Weekly Fall in U.S. Crude-Oil Supplies
Thursday, 23 January 2020 23:16 WIB

Oil prices pared some of their earlier losses on Thursday after weekly data from the Energy Information Administration revealed that U.S. crude supplies fell by 400,000 barrels for the week ended Jan. 17. Analysts polled by S&P Global Platts forecast a rise of 500,000 barrels, while the America...

ANOTHER NEWS
Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

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.