Oil prices ease on expectation that OPEC will raise output
Friday, 26 April 2019 09:17 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran.

Brent crude futures were at $74.09 per barrel at 00:29 GMT, down 26 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $64.82 per barrel, down 39 cents, or 0.6 percent, from their previous settlement.

The dip followed Brent's rise above $75 per barrel for the first time this year on Thursday after Germany, Poland and Slovakia suspended imports of Russian oil via a major pipeline, citing poor quality. The move cut parts of Europe off from a major supply route.

But prices were already gaining before the Russian disruption, driven up by supply cuts led by the Middle East dominated Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions against Venezuela and Iran. Crude futures are up around 40 percent so far this year.

Source : Reuters

RELATED NEWS

Oil Prices Edge Up on U.S.-China Trade Optimism, But Demand Concerns Cap
Tuesday, 22 October 2019 08:38 WIB

Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand. Brent crude futures were at $59.10 a barrel by 00:27 GMT, up 14 cents, ...

Oil Futures End Near a 2-Week Low as Investors Fret About Crude Demand
Tuesday, 22 October 2019 02:55 WIB

Oil futures settled at a nearly two-week low Monday, as investors failed to shake worries that growing signs of economic weakness will eventually hurt demand for crude oil. West Texas Intermediate crude for November delivery fell 47 cents, or 0.9%, to end at $53.31 a barrel on the New York Mercanti...

Oil Extends Decline as Concerns Over Global Economy Persist
Monday, 21 October 2019 20:11 WIB

Oil fell again after a weekly loss amid ongoing concern that a fragile economic outlook will continue to weigh on fuel demand. Futures declined 0.6% in New York after dropping 1.7% last week. Policy makers in China, the world™s second-biggest oil consumer, are preparing for two key meetings ...

Oil Prices Fall on Concerns on China's GDP; Russia Misses Output Cut Target
Monday, 21 October 2019 12:39 WIB

Oil prices fell on Monday in Asia amid continued concerns on China's weak GDP growth and reports that Russia missed its target to cut oil output in September. U.S. Crude Oil WTI Futures slipped 0.1% to $53.80 by 1:05 AM ET (05:05 GMT). International Brent Oil Futures also fell 0.2% to $59.24. Data...

Oil Prices Dip on Weak Demand Outlook, Supply Concerns
Monday, 21 October 2019 08:32 WIB

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 01:08 GMT. U.S. crude oil...

POPULAR NEWS
Monday, 21 October 2019 12:31
Gold Prices Inch Down Despite Brexit Worries
Monday, 21 October 2019 15:47
US futures point to slightly higher open
ANOTHER NEWS
British Parliament Speaker Blocks New Brexit Vote
Tuesday, 22 October 2019 10:34 WIB British Parliament Speaker John Bercow on Monday blocked the House of Commons from holding a new vote on Brexit, the latest setback for Prime Minister Boris Johnson in his effort to have Britain divorce itself from the European Union. British...

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.