Oil Retreats as Risk Appetite Shrinks After Rally to Bull Market
Monday, 14 January 2019 13:28 WIB | ENERGY |MinyakWTIBrentOil,

Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC output will need to be cut to counter booming U.S. shale supplies.

West Texas Intermediate for February delivery declined as much as 74 cents to $50.85 a barrel on the New York Mercantile Exchange, and traded at $51.03 at 1:43 p.m. in Singapore. It dropped 1.9 percent on Friday, snapping its longest rising streak in nine years. Prices still ended 7.6 percent higher last week.

Brent for March settlement fell 64 cents to $59.84 a barrel on the London-based ICE Futures Europe exchange, after ending 6 percent higher last week. The global benchmark traded at a premium of $8.52 a barrel to WTI for the same month.

Source : Bloomberg

RELATED NEWS

Oil jumps ahead of 'make-or-break' OPEC meeting
Thursday, 9 April 2020 20:35 WIB

Oil prices moved higher on Thursday, ahead of a pivotal meeting in which OPEC and its allies, known as OPEC+, will discuss historic production cuts as the coronavirus pandemic continues to sap demand for crude. U.S. West Texas Intermediate traded 5.3%, or $1.34, higher at $26.43 per barrel, while i...

Oil prices rise on optimism OPEC+ meeting will result in supply cut
Thursday, 9 April 2020 13:05 WIB

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures rose 1.2%, or 41 cents, to $33.25 a barrel as of 05...

Crude futures climb ahead of OPEC+ meeting
Thursday, 9 April 2020 09:17 WIB

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures rose 2.5%, or 81 cents, to $33.65 as of 00:34 ...

Crude Oil Edges Higher Ahead of Producers Meeting
Wednesday, 8 April 2020 20:49 WIB

Oil markets edged higher Wednesday ahead of the weekly update on U.S. oil inventories, with investors feeling confident that the world's main oil producers will agree to cut output on the back of the dramatic cut in demand and prices following the coronavirus outbreak. AT 9:25 AM ET (1335 GMT), U.S...

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts
Wednesday, 8 April 2020 09:04 WIB

Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic. Brent crude (LCOc1) was up by 72 cents, or 2.3...

ANOTHER NEWS
Australian Police Seize Evidence from Country's Biggest Source of Coronavirus Infections
Friday, 10 April 2020 16:55 WIB Police in Australia have removed items from a cruise ship that arrived in Sydney last month carrying hundreds of passengers infected with the novel coronavirus.  Investigators wearing protective gear from head to toe boarded the Ruby Princess...

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.