Oil Drops as U.S. Stockpile Report Counters Supply Risk in Gulf
Wednesday, 15 May 2019 12:45 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, after a drone attack in Saudi Arabia had highlighted the vulnerability of the country™s energy infrastructure.

Futures in New York pared a loss of as much as 1.1% after closing up 1.2% on Tuesday. The American Petroleum Institute was said to report an 8.63 million-barrel increase in crude inventories last week, compared with a forecast of 1.2 million barrel decline in a Bloomberg survey, before government data due Wednesday. The Yemeni rebel attack on two Saudi pumping stations forced the world™s top oil exporter to temporarily shut its main cross-country crude link.

West Texas Intermediate crude for June delivery fell 45 cents, or 0.7%, to $61.33 a barrel on the New York Mercantile Exchange at 12:46 p.m. in Singapore. It dropped as much as 66 cents earlier after closing 74 cents higher on Tuesday.

Brent for July settlement was down 28 cents, or 0.4%, to $70.96 a barrel on the London-based ICE Futures Europe exchange after advancing 1.4% on Tuesday. The global benchmark contract is trading at a $9.44 premium to WTI.

Source : Bloomberg

RELATED NEWS

U.S. oil futures settle above $60 for first time since mid-September
Saturday, 14 December 2019 02:47 WIB

Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil fut...

Oil Rises Near Three-Month High on Initial U.S.-China Trade Pact
Friday, 13 December 2019 18:35 WIB

Oil rose near the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand. Futures climbed 1.1% to almost $60 a barrel in New York, and are on track for a slight weekly increase...

Oil Prices Advance as Trump Reportedly Agrees to Partial Trade Deal with China
Friday, 13 December 2019 12:49 WIB

Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war. U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61. Washington has agreed to not impose...

Oil Rises to Three-Month High After Trump Approves Trade Deal
Friday, 13 December 2019 08:39 WIB

Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a limited trade deal with China, improving the global demand outlook. West Texas Intermediate for January delivery rose 32 cents, or 0.5%, to $59.50 a barrel on the New York Mercantile Exchange...

Oil rises on US-China trade deal optimism
Friday, 13 December 2019 02:52 WIB

Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a b...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

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.