Oil Heads for Longest Weekly Rally Since 2015 on Supply Crunch
Friday, 26 April 2019 14:07 WIB | ENERGY |MinyakMinyak MentahMinyak Brent

Oil headed for its longest weekly winning streak in almost four years on the prospect of a supply crunch, although the gains are moderating as investors wait for OPEC's response to tighter U.S. sanctions on Iran.

West Texas Intermediate for June delivery fell 38 cents to $64.83 a barrel on the New York Mercantile Exchange at 11:27 a.m. in Singapore. The contract closed down 1 percent on Thursday and is up 84 cents this week. The last time WTI rallied for more than eight consecutive weeks was in May 2015.

Brent for June settlement was down 21 cents, or 0.3 percent, to $74.14 a barrel on the London-based ICE (NYSE:ICE) Futures Europe exchange. The contract rose to as high as $75.60 a barrel on Thursday before closing 0.3 percent lower. It's up 3 percent for the week, set for a fifth weekly gain. The global benchmark crude was at a premium of $9.30 to WTI.

Source : Bloomberg

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.