Oil Prices Extend Gain on U.S.-China Trade Hopes, Positive China Data
Thursday, 14 February 2019 13:20 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices extended their gains on Thursday in Asia on U.S.-China trade hopes. Positive China data was also cited as supportive.

U.S. Crude Oil WTI Futures were at $54.31 per barrel at 1:00 AM ET (06:00 GMT), up 0.8%, from their last settlement.

International Brent Oil Futures were up 0.9%, at $64.19 a barrel.

Oil prices rose amid optimism that the world's biggest economies were close to ending their trade war. The latest round of high-level trade talks is ongoing in Beijing this week. U.S. Treasury Secretary Steven Mnuchin said on Wednesday the talks were going well, while President Donald Trump is considering pushing back the deadline by 60 days, Bloomberg reported citing people familiar with the matter.

The President told reporters earlier this week that he is open to let the original March 1 deadline slide if U.S. and China get closer to a deal, though he added he was not œinclined to do so.

Source: Investing

RELATED NEWS

Oil futures settle at lowest in over a year
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...

US Crude Drops Below $50 as Washington Warns of a Global Pandemic
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...

Oil rises on short-covering despite growing fears over coronavirus
Wednesday, 26 February 2020 10:15 WIB

Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0.8%, to $55.37 a barrel by 0154 GMT, while U.S. West Texas Intermedi...

Oil falls 3% to settle under $50 for first time in 2 weeks
Wednesday, 26 February 2020 02:53 WIB

Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European e...

Oil Holds Biggest Loss in Seven Weeks on Worsening Virus Outlook
Tuesday, 25 February 2020 08:43 WIB

Oil held its biggest loss in almost seven weeks as investors attempted to gauge the economic consequences of the fast-spreading coronavirus and whether it would become a global pandemic. Futures in New York edged higher after tumbling 3.7% Monday amid a broad market selloff driven by a sh...

ANOTHER NEWS
Pound's Slump Keeps up Dollar's Hopes of Ending Losing Streak
Thursday, 27 February 2020 08:02 WIB The U.S. dollar remained tentatively on track to snap a four-day losing streak Wednesday, underpinned by sharp gains against the pound on fears of rocky EU-U.K. trade talks ahead. The U.S. dollar index, which measures the greenback against a...

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.