Oil prices rebound on signs of U.S. shale production slowing
Wednesday, 23 January 2019 19:45 WIB | ENERGY |MinyakWTIBrentOil,

Oil futures bounced back Wednesday from the day earlier's sharp retreat, finding traction after data suggested a slowdown in U.S. shale production.

Prices on Tuesday came under pressure after a warning for 2019 global growth from the International Monetary Fund and weak economic data out of China, which underlined concerns about global economic growth and energy demand.

But support emerged late Tuesday from data out just ahead of the settlement and carried over to early trading so far. The Energy Information Administration estimated a rise of 62,000 barrels a day in February shale oil output, from a month earlier, to 8.179 million barrels a day. The agency had forecast an increase of more than double that for January from December.

West Texas Intermediate crude for March delivery rose 37 cents, or 0.7%, at 453.38 a barrel. March Brent was up 50 cents, or 0.8%, to $61.97 on ICE Futures Europe.

Source: Marketwatch

RELATED NEWS

Oil posts second straight week of declines as global demand concerns weigh
Saturday, 18 January 2020 03:02 WIB

Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures gained 25 cents to trade at $64.87 per barrel. U.S. West Texas Intermediat...

Oil Steady Ahead of Data Seen Confirming Sluggish China Growth
Friday, 17 January 2020 09:26 WIB

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after ga...

Oil futures end higher as U.S. trade deals raise expectations for energy demand
Friday, 17 January 2020 03:06 WIB

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospec...

Crude Oil Recovers After U.S.-China Trade Agreement Sealed
Thursday, 16 January 2020 08:12 WIB

Oil prices firmed in Asian trading after the U.S. and China inked the first phase of a broader trade pact on Wednesday, largely recouping losses that followed a U.S. inventory report showing rising supplies. Futures in New York were up 0.5%, after ending 0.7% lower Wednesday. China agreed to b...

U.S. oil futures finish at a 6-week low as petroleum-product stocks climb
Thursday, 16 January 2020 03:00 WIB

Oil futures settled lower Wednesday, with U.S. prices at their lowest in six weeks following a surge in weekly domestic gasoline and distillate stockpiles.  The losses came despite a weekly decline in U.S. crude supplies and the official signing of the Phase 1 U.S.-China trade deal. February W...

ANOTHER NEWS
S&P 500, Dow close at new records, notch best weekly gains since August
Saturday, 18 January 2020 04:19 WIB U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism. The Dow Jones Industrial Average rose 50...

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.