Oil Set for Biggest Weekly Gain Since Early April on Gulf Angst
Friday, 17 May 2019 13:02 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil headed for its biggest weekly gain since early April as flaring tension in the Middle East took precedence over an escalating trade war between the world™s two biggest economies.

Futures in New York gained as much as 0.8% Friday and are up 2.3% so far this week. Saudi Arabia on Thursday accused Iran of ordering a drone attack on its fuel pumping stations this week. President Trump is wary of drawing the U.S. into a war with Iran, although there™s division in his administration over how to approach the Islamic Republic, according to people familiar with the matter.

West Texas Intermediate crude for June delivery rose 23 cents, or 0.4%, to $63.10 a barrel on the New York Mercantile Exchange at 12:11 p.m. in Singapore. The contract settled 1.4% higher on Thursday and has advanced 2.3% since May 10, on track for the biggest gain since the week ending April 5.

Brent for July settlement added 18 cents, or 0.3%, to $72.80 a barrel on the London-based ICE Futures Europe exchange after closing 1.2% higher on Thursday. It™s up 3.1% so far this week. The global crude benchmark traded at a $9.53 premium to WTI for the same month.

Source : Bloomberg

RELATED NEWS

Oil snaps 5-week losing streak with best week of the year
Saturday, 15 February 2020 03:04 WIB

Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. Brent crude was up 89 cents or 1.6% at $57.23 per barrel. It h...

Oil Prices Rise 1%, on Course for Weekly Gain
Friday, 14 February 2020 18:27 WIB

Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. Brent crude was up 57 cents or 1% at $56.91 a barrel b...

Oil rises for 3rd straight session, on pace for best week since December
Friday, 14 February 2020 02:48 WIB

Oil prices edged higher on Thursday, as investors hoped the world™s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China. Brent crude rose 40 cents, or 0.7%, to $56.19 per barrel. U.S. West ...

Oil Prices Fall on Bearish Demand Forecasts
Thursday, 13 February 2020 19:28 WIB

Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer. Brent crude fell 34 cents, or 0.6%, to $55.45 per barrel. U.S. West Texas Intermediate fell 10 cents, or 0.2%, to $51.07...

Oil jumps the most in more than a month as Street eyes deeper production cuts, coronavirus cases slow
Thursday, 13 February 2020 02:52 WIB

Oil jumped more than 3% at the high on Wednesday as traders eyed deeper production cuts from OPEC, and as China reported the lowest number of new coronavirus cases since the end of January, easing concerns about a drop-off in demand for oil. On Wednesday U.S. West Texas Intermediate crude gained 2....

POPULAR NEWS
Saturday, 15 February 2020 04:28
S&P 500 posts slim gain, helped by Nvidia boost
Saturday, 15 February 2020 01:47
Gold futures score gains for the session and week
ANOTHER NEWS
Hong Kong Stocks End Week Higher as Virus Deaths Fall (Review)
Saturday, 15 February 2020 04:30 WIB Hong Kong stocks edged up on Friday, as the daily death and infection tolls in the epicentre of the coronavirus outbreak returned to lower levels, following a dramatic spike the previous day. At the close of trade, the Hang Seng index was up 0.3%...

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.