Oil Holds Near $52 as Venezuela Sanctions Largely Shrugged Off
Tuesday, 29 January 2019 08:32 WIB |
ENERGY |Minyak WTIbrent oilOil,Crude Oil
Oil held most of its biggest loss in a month as renewed concern over slowing global growth largely outweighed U.S. sanctions against Venezuela™s state oil company.
Futures rose 0.4 percent in New York, after dropping 3.2 percent in the previous session. The Trump administration issued new sanctions on Venezuela™s PDVSA that effectively block the regime of President Nicolas Maduro from exporting crude to the U.S. On Monday, Microchip-maker Nvidia Corp. and heavy-equipment giant Caterpillar Inc. warned of slowing growth in China and elsewhere.
West Texas Intermediate crude for March delivery rose 19 cents to $52.18 a barrel on the New York Mercantile Exchange at 9:11 a.m. in Singapore. The contract fell $1.70 to close at $51.99 a barrel on Monday.
Brent for March settlement declined 10 cents to $59.83. It broke below $60 for the first time in almost two weeks on Monday, dropping $1.71 to $59.93 on the London-based ICE Futures Europe exchange. The global benchmark crude was at a $7.94 premium to WTI.
Source : Bloomberg
Friday, 28 February 2020 02:54 WIB
Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market.
April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $4...
Thursday, 27 February 2020 18:39 WIB
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Brent crude was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT...
Thursday, 27 February 2020 10:05 WIB
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand.
Brent crude (LCOc1) was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT. The co...
Thursday, 27 February 2020 03:00 WIB
Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session.
April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 ba...
Wednesday, 26 February 2020 19:43 WIB
U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
Brent crude fell 89 cents, or 1.6%, to $54.06 a barrel by...