U.S. oil futures notch a 7th straight weekly climb, the longest streak in 5 years
Friday, 19 April 2019 03:00 WIB | ENERGY |MinyakWTIBrentOil,

Oil futures climbed Thursday, with the U.S. benchmark posting its seventh weekly rise in a row”the longest streak of weekly gains in about five years.

Traders weighed the outlook for global supplies ahead of the June expiration of the production-cut agreement among members and some nonmembers of Organization of the Petroleum Exporting Countries.

On Thursday, the U.S. benchmark, West Texas Intermediate crude for May delivery tacked on 24 cents, or 0.4%, to settle at $64 a barrel on the New York Mercantile Exchange. Prices saw back-and-forth action during the session, leaving futures up 0.2% for the holiday-shortened week. It has now climbed for seven straight weeks, the longest streak of gains since the seven-week rise ended Feb. 28, 2014, according to Dow Jones Market Data.

June Brent crude the global benchmark, added 35 cents, or 0.5%, to $71.97 a barrel on ICE Futures Europe. Brent gained 0.6% for the week, its fourth consecutive weekly rise.

Source : Marketwatch

RELATED NEWS

Oil Topples From 2-Month High on Concern Over US-China Trade Deal
Friday, 22 November 2019 18:44 WIB

Oil prices pulled back from their highest levels in nearly two months on Friday amid lingering doubts on whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global economy. That was more than enough to offset news of a likely extension...

Oil slips from two-month high on qualms about U.S.-China trade deal
Friday, 22 November 2019 13:47 WIB

Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the United States and China will be able to reach a partial trade deal that would lift some pressure on the global economy. That was more than enough to offset news of a likely ex...

Oil Pares Third Weekly Gain as Investors Monitor Trade Outlook
Friday, 22 November 2019 09:18 WIB

Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand. Futures declined as much as 0.7% in New York after jumping 2.6% on Thursday. China™s vice premier invited U.S. trade negotiators to Beijing for further talks even as Presi...

Oil drops as U.S.-China standoff extends beyond trade
Thursday, 21 November 2019 18:24 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world's top two economies may be further delayed. Brent crude fell 44 cents, or 0.7%, to $61.96 a barrel by 09.51 GMT, while ...

Oil drops amid new concern over prospects for U.S.-China trade deal
Thursday, 21 November 2019 13:45 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed. Trade experts have warned the first phase of a deal ...

ANOTHER NEWS
After Trump Rebuke, Vietnam Scrambles to Avoid US Trade Dispute
Friday, 22 November 2019 23:59 WIB The U.S. government agreed this week to give another coast guard vessel to Vietnam so the Southeast Asian country can increase its defense against China. But behind that move, Vietnam and the United States are struggling over a growing trade...

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.