Oil Retreats From 5-Month High as Russian Official Talks of Potential Bid For Greater Crude Share
Monday, 15 April 2019 19:07 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil futures were under pressure Monday, pulling back from five-month highs notched last week, after Russia™s finance minister said his country and OPEC may decide to boost output to fight for market share with the U.S.

West Texas Intermediate for May delivery, the U.S. benchmark crude, on the New York Mercantile Exchange fell 59 cents, or 0.9%, to $63.30 a barrel. The global benchmark, June Brent crude was off 61 cents, or 0.9%, at $70.94 a barrel.

The Organization of the Petroleum Exporting Countries and its allies, primarily Russia, agreed to reduce output by 1.2 million barrels a day for six months beginning Jan. 1. OPEC and its allies are set to meet near the end of June. The reduction in output has been credited with helping to fuel a sharp rally that™s taken WTI, up by around 40% so far this year, while Brent has soared nearly 32%.

Source : Marketwatch

RELATED NEWS

Oil Prices Rise Amid Brexit Hope, But Worries Over China Limit Gain
Wednesday, 16 October 2019 13:36 WIB

Oil prices recovered on Wednesday in Asia amid renewed hopes of a potential Brexit deal between the U.K. and the European Union. U.S. Crude Oil WTI Futures gained 0.3% to $52.97 by 1:13 AM ET (05:13 GMT). International Brent Oil Futures also rose 0.3% to $58.91. Also supporting oil prices today we...

Oil Holds Two Days of Losses as Demand Outlook Deteriorates
Wednesday, 16 October 2019 09:17 WIB

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal. Futures in New York edged higher after dropping 3.5% over the previous two sessions. Beijing wants a rollback in tariffs before...

Oil Prices Fall on China Data, Trade War Jitters
Tuesday, 15 October 2019 18:52 WIB

Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week. Brent crude fell $0.44, or nearly 1%, to $58.94 a barrel, while U....

Oil prices extend losses into second session on weak China data
Tuesday, 15 October 2019 13:46 WIB

Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer's energy demand growth. Brent crude (LCOc1) fell 47 cents, or 0.79%, to $58.88 a barrel by 05:27 GMT, while U.S. West Texas Intermediate (WTI) c...

Oil Extends Drop on Signs Limited Trade Deal Still Not Sealed
Tuesday, 15 October 2019 09:15 WIB

Oil extended declines on signs the U.S. and China still have some work to do to finalize a limited trade deal and as analysts forecast a fifth weekly increase in American crude stockpiles. Futures in New York fell as much as 0.6% after dropping 2% on Monday. Beijing said it wants to hold more talks...

ANOTHER NEWS
U.K. Inflation Holds Below BOE Target as Fuel Costs Fall
Wednesday, 16 October 2019 15:58 WIB Motoring costs fell last month and the price of computer games jumped, leaving U.K. inflation comfortably below the Bank of England™s 2% target. Consumer-price growth held at a near three-year low of 1.7% in September, the Office for...

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.