Oil Prices Decline Amid Economic Slowdown, OPEC Likely to Continue Supply Cuts
Tuesday, 4 June 2019 13:13 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices dropped on Tuesday in Asia as signs continue to point to a global economic slowdown affecting oil demand.

Crude Oil WTI Futures were at $53.14 per barrel, down by 0.19% at 12:16 AM ET (4:16 GMT). Crude futures are now around 20% below their peaks of late April 2018.

Brent Oil Futures, the international benchmark for oil prices, were at $61.06, having dropped 0.36%.

Analysts said the global economic slowdown is starting to affect oil demand.

Source : Investing.com

RELATED NEWS

Oil gains 1.7%, shrugging off rising supply concerns
Saturday, 16 November 2019 03:09 WIB

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. Benchmark Brent crude gained $1.03, or 1.7%, to settle at $63.31 a barrel, while West Texas Intermediate crude rose 95 ...

Oil Pares Weekly Loss as Market Weighs Trade Deal Against Supply
Friday, 15 November 2019 09:23 WIB

Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories. Futures added 0.4% in New York after dropping 0.6% on Thursday. A phase one deal with China is close, White House Economic adviser Larry Kudlow told repo...

Oil falls on larger-than-expected US inventory
Friday, 15 November 2019 02:53 WIB

Oil prices fell on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported Brent. Brent futures fell 7 cents to settle at $62.30...

Oil Prices Rise Amid Falling U.S. Crude Inventories
Thursday, 14 November 2019 13:46 WIB

Oil prices gained on Thursday in Asia after the American Petroleum Institute (API) reported that U.S. crude inventories fell last week. U.S. Crude Oil WTI Futures rose 0.7% to $57.51 by 1:08 AM ET (05:08 GMT). International Brent Oil Futures also gained 0.6% to $62.77. The API reported that crude ...

Oil rises on decline in U.S. crude stocks, Fed comments on economy
Thursday, 14 November 2019 08:43 WIB

Oil prices rose on Thursday, extending gains from the previous session, as an industry report showing a fall in U.S. crude stockpiles last week added to positive comments by the U.S. Federal Reserve head on the U.S. economy. U.S. West Texas Intermediate crude was up 20 cents, or 0.4%, at $57.32 a b...

ANOTHER NEWS
Hong Kong Stocks Close Flat, Ending Tough Week (Review)
Saturday, 16 November 2019 04:28 WIB Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai...

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.