Oil slumps on renewed global growth fears
Tuesday, 22 January 2019 19:07 WIB | ENERGY |MinyakWTIBrentOil,

Oil futures slumped Wednesday, under pressure after a warning from the International Monetary Fund and weak economic data out of China underlined concerns about global economic growth.

West Texas Intermediate crude for February delivery fell $1.01, or 1.9%, to $53.03 a barrel, while March Brent lost $1.24, or 2%, to trade at $61.50 on ICE Europe.

The IMF on Monday said it expects the global economy to grow 3.5% in 2019, down from a previous forecast of 3.7% in October and a growth rate of 3.7% in 2018. The fund cited growing trade tensions and rising U.S. interest rates. Earlier Monday, China reported its economy expanded by 6.6% in 2018, the slowest pace since 1990.

Most U.S. financial markets were closed Monday for the Martin Luther King Jr. Day holiday. Brent crude rose 4 cents Monday in London.

Source: Marketwatch

RELATED NEWS

Oil Topples From 2-Month High on Concern Over US-China Trade Deal
Friday, 22 November 2019 18:44 WIB

Oil prices pulled back from their highest levels in nearly two months on Friday amid lingering doubts on 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 extension...

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 ...

ANOTHER NEWS
Hong Kong Shares End Week On Positive Note
Saturday, 23 November 2019 04:24 WIB Hong Kong stocks ended a tough week on a positive note Friday but investors remain nervous about the impact on the local economy and trade talks from a US lawmakers' bill supporting the city's rights. The Hang Seng index climbed 0.48 percent, or...

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.