Oil Set for Biggest Weekly Gain in 2 Years on Growing Optimism
Friday, 11 January 2019 07:45 WIB | ENERGY |MinyakWTIBrentOil,

Oil is poised for the biggest weekly gain in more than two years as OPEC+ cuts, a potential U.S.-China trade deal and U.S. interest rate policy bolstered bullish sentiment.

Futures are headed for 9.1 percent advance this week, the most since December 2016. The Saudi-led producer coalition pledged to keep markets in balance, while optimism grew that the U.S. and China would eventually reach an agreement following three-day talks. Meanwhile, Federal Reserve Chairman Jerome Powell™s comments that the central bank can be œpatient and flexible before adjusting rates reassured investors.

WTI for Feb. delivery slipped 31 cents to $52.28/bbl on Nymex as of 8:59am in Tokyo. Contract rose 23 cents to $$52.59 on Thursday

March Brent added 24 cents to $61.68/bbl on ICE Futures Europe exchange on Thursday. Brent ended session at $8.77 premium to WTI for the same month.

Source: Bloomberg

RELATED NEWS

Oil slips from two-month high on qualms about U.S.-China trade deal
Friday, 22 November 2019 13:47 WIB

Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global economy. That was more than enough to offset news of a likely ex...

Oil Pares Third Weekly Gain as Investors Monitor Trade Outlook
Friday, 22 November 2019 09:18 WIB

Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand. Futures declined as much as 0.7% in New York after jumping 2.6% on Thursday. China™s vice premier invited U.S. trade negotiators to Beijing for further talks even as Presi...

Oil drops as U.S.-China standoff extends beyond trade
Thursday, 21 November 2019 18:24 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world's top two economies may be further delayed. Brent crude fell 44 cents, or 0.7%, to $61.96 a barrel by 09.51 GMT, while ...

Oil drops amid new concern over prospects for U.S.-China trade deal
Thursday, 21 November 2019 13:45 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed. Trade experts have warned the first phase of a deal ...

Oil Eases as Trade Deal Outlook Offsets Falling U.S. Stockpiles
Thursday, 21 November 2019 09:09 WIB

Oil eased after the biggest increase in more than two weeks as signs of a stumble in U.S.-China trade talks offset shrinking stockpiles at a key American crude storage hub. January futures slipped 0.4% in New York after surging 3% on Wednesday, the biggest gain since Nov. 1. President Donald T...

ANOTHER NEWS
Oil slips from two-month high on qualms about U.S.-China trade deal
Friday, 22 November 2019 13:47 WIB Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global...

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.