Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense
Tuesday, 7 May 2019 18:24 WIB |
ENERGY |Minyak WTIMinyak MentahMinyak Brent
Oil prices were mixed on Tuesday, pressured by concerns that the escalating Sino-U.S. trade dispute could slow the global economy, while U.S. sanctions on crude exporters Iran and Venezuela helped keep the market on edge.
Brent crude oil futures were at $71.12 per barrel at 07:10 GMT, 12 cents, or 0.2 percent, below their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $62.30 per barrel, 5 cents above their last settlement.
Traders said prices were weighed down by worries that the stalling trade talks between the United States and China would dent global economic growth as well as fuel consumption.
Source : Reuters
Tuesday, 16 July 2019 19:25 WIB
Oil prices dipped on Tuesday as oil rigs in the Gulf of Mexico underwent the process to restart production following Hurricane Barry, while escalating U.S. output weighed ahead of weekly inventory data.
New York-traded West Texas Intermediate crude futures dropped 7 cents, or 0.1%, to $59.51 a barr...
Tuesday, 16 July 2019 03:16 WIB
Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery.
August West Texas Intermediate crude fell by 63 cents, or 1.1%, to settle $59.58 a barrel on the New York Mercantile Exchange, pulling back after fi...
Monday, 15 July 2019 19:08 WIB
Oil prices traded higher on Monday as positive data from China outweighed the country's slowing economy, providing hopes that demand for oil will remain intact.
New York-traded West Texas Intermediate crude futures gained 16 cents, or 0.3%, to $60.37 a barrel by 7:38 AM ET (11:38 GMT), while Brent ...
Saturday, 13 July 2019 02:20 WIB
U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East.
Prices for the session, however, barely budged despite further storm-related declines in Gulf of Mexico oil and natural-gas productio...
Friday, 12 July 2019 19:32 WIB
Oil prices were on track for a sharp weekly gain as concerns over tropical storm Barry hitting supply outweighed worries of a global supply glut.
New York-traded West Texas Intermediate crude futures gained 7 cents, or 0.1%, to $60.27 a barrel by 7:57 AM ET (11:57 GMT), while Brent crude futures, t...