Oil rally takes a timeout, but Libyan civil unrest threatens supply crunch
Wednesday, 10 April 2019 02:50 WIB | ENERGY |Minyak WTIMinyak jenis BrentMinyak Mentah

Oil futures finished with a loss on Tuesday, a day after settling at five-month highs, pressured by expectations that U.S. crude supplies climbed for a third straight week, as well as signs that Russia may not see a need to extend production cuts past June.

Still, traders remained cautious around potential supply outages tied to civil unrest in Libya.

U.S. benchmark West Texas Intermediate crude for May delivery on the New York Mercantile Exchange lost 42 cents, or 0.7%, to settle at $63.98 a barrel. On Monday, prices based on the front-month contract rose for a sixth straight session and marked the highest finish since Oct. 31, according to Dow Jones Market Data.

June Brent fell 49 cents, or 0.7%, to $70.61 a barrel on ICE Futures Europe. The contract's settlement at $71.10 on Monday was the highest for a front-month contract since Nov. 7.

Source : MarketWatch

RELATED NEWS

Oil logs a weekly loss amid worries about rise in supplies
Saturday, 14 September 2019 02:24 WIB

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to s...

Oil drifts higher, but crude set for weekly stumble amid worries about rise in supplies
Friday, 13 September 2019 20:11 WIB

Oil futures inched higher Friday, but both U.S. and international benchmark crude were headed for sharp weekly falls as worries about the prospect of rising inventories appeared to overshadow a momentary U.S.-China tariff detente. West Texas Intermediate crude for October delivery picked up 32 cent...

Oil declines on global demand worries despite hopes on trade talks
Friday, 13 September 2019 13:10 WIB

Oil futures fell on Friday as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging back and forth. Brent crude (LCOc1) was down 18 cents, or 0.3%, at $60.20 a barrel by 04:42 GMT, whi...

Oil set for weekly drop as IEA warns OPEC faces looming surplus
Friday, 13 September 2019 08:24 WIB

Oil is set for its biggest weekly loss in nearly two months as the International Energy Agency warned of a looming supply glut, while OPEC and its allies urged members to maintain, rather than deepen, output cuts. Futures edged lower in New York and were down 2.8% for the week. OPEC+ faces a s...

Oil Tanks Again as Iran Fears Top Resolute OPEC
Friday, 13 September 2019 02:50 WIB

Barely a week after appearing like they'd won the market back, oil bulls were at a loss again on Thursday as crude prices tumbled for a third-straight day on concerns that sanctioned Iranian supplies might come roaring back. New York-traded West Texas Intermediate crude, the U.S. benchmark blend, s...

POPULAR NEWS
Friday, 13 September 2019 03:32
Hong Kong Shares Close Lower
Saturday, 14 September 2019 03:26
Hong Kong Shares End Week With Sharp Gains
Friday, 13 September 2019 03:16
Wall St Ends Higher On Trade, ECB Stimulus Hopes
ANOTHER NEWS
Hong Kong Shares End Week With Sharp Gains
Saturday, 14 September 2019 03:26 WIB Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 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.