Oil edges down as slowing China economy undermines markets
Monday, 21 January 2019 20:00 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic growth in China, the world's second-largest crude consumer, eased in 2018.

Brent crude oil futures LCOc1 were down 13 cents at $62.57 a barrel by 1207 GMT, while U.S. crude futures CLc1 lost 10 cents at $53.70 a barrel.

China's 2018 economic growth slowed to the weakest in 28 years, data showed, at 6.6 percent versus 6.8 percent in 2017.

Although the slowdown was in line with expectations and not as sharp as some analysts had expected, the cooling of the world's No.2 economy casts a shadow over global growth.

Source: Reuters

RELATED NEWS

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...

Oil prices edge up on trade-talk optimism, OPEC meeting
Monday, 18 November 2019 18:39 WIB

Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging off concerns over steadily rising oil supplies. Brent crude futures were up 11 cents, or 0.2%, to ...

Oil Prices Inch Down Despite Positive Trade News
Monday, 18 November 2019 13:47 WIB

Oil prices inched down on Monday in Asia despite positive trade news. Chinese state media Xinhua reported that Chinese Vice Premier Liu He discussed a partial deal with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer in a phone call on the weekend. The two si...

Oil Holds Near Eight-Week High on U.S.-China Trade Deal Optimism
Monday, 18 November 2019 09:46 WIB

Oil held gains near the highest close in eight weeks on signs of progress in the prolonged U.S.-China trade war, while Saudi Arabia set a valuation for Aramco's initial public offering. Futures were little changed in New York after rising 1.7% on Friday to close at the highest since Sept. 23. ...

ANOTHER NEWS
Gold Holds Gain on Trade Doubts, Powell-Trump Meeting
Tuesday, 19 November 2019 09:27 WIB Gold held an advance as investors continued to await signs of progress in U.S.-China trade negotiations amid lingering doubts that a first-phase deal will be pushed through to a successful conclusion. Bullion rose on Monday as traders weighed...

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.