Crude Advances as U.S., China Close in on Healing Trading Rift
Tuesday, 5 March 2019 03:48 WIB | ENERGY |Minyak WTIMinyak WTI BerjangkaMinyak BrentOpec

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world's largest economies.

Futures in New York rose 1.4 percent on Monday. American and Chinese negotiators are close to signing an accord that would lift tariffs and usher in new intellectual-property protections, according to people familiar with the talks. Meanwhile, OPEC crude exports fell by almost 700,000 barrels a day last month, tanker-tracking consultant Kpler said in a report.

Oil has rallied about 25 percent this year as the Organization of the Petroleum Exporting Countries and allies such as Russia restrained production. Adding to the momentum over the weekend, a pipeline closure threatened crude flows from Nigeria while American oil exploration was reported to have collapsed to the lowest level since May.

West Texas Intermediate for April delivery rose 79 cents to $56.59 a barrel at the close of trading on the New York Mercantile Exchange.

Brent for May settlement rose 60 cents to $65.67 on the London-based ICE Futures Europe exchange. The global benchmark crude's premium over WTI for the same month was at $8.70.

Source : Bloomberg

RELATED NEWS

Oil eases amid concern over U.S.-China trade talks dragging on
Tuesday, 19 November 2019 13:40 WIB

U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising U.S. inventories also jangled nerves. West Texas Intermediate (WTI) crude (CLc1) dropped 27 cents or 0.47% to $56.78 ...

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...

ANOTHER NEWS
Stocks Gain, U.S. Futures Edge Up; Dollar Steady
Tuesday, 19 November 2019 16:30 WIB Stocks in Europe rose after a mixed session in Asia as investors kept an eye out for signs of progress in U.S.-China trade negotiations. Treasuries steadied alongside the dollar. Futures on the S&P 500 Index rose 0.2%. Miners and travel shares...

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.