Oil prices pull back on weaker-than-expected U.S. supply drop
Wednesday, 19 June 2019 19:18 WIB | ENERGY |MinyakWTIBrentOil,

Oil futures prices slipped Wednesday after closing at their highest level in over a week, as a snapshot of U.S. supply data showed a drawdown in stockpiles that was smaller than bullish investors had expected.

In recent trade, West Texas Intermediate crude for July delivery fell 8 cents, or 0.2%, to $53.83 a barrel on the New York Mercantile Exchange.

August Brent crude fell 51 cents, or 0.8% to $61.63 a barrel on ICE Futures Europe. It wrapped up Tuesday at $62.14, the highest settlement in a week.

Broader financial market action continues to color energy market sentiment. Tuesday's oil-price gains came after a tweet from U.S. President Donald Trump suggested progress in trade talks with China, lifting benchmark stock indexes and easing concerns over energy demand. U.S. stock market indicators pointed higher again Wednesday, with records in sight, though action was muted.

Source : Marketwatch

RELATED NEWS

Oil Rises Further Above $62 as Trade Hopes Support
Tuesday, 12 November 2019 19:10 WIB

Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub. Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade disput...

Oil dips for second day on lack of trade talk progress
Tuesday, 12 November 2019 08:28 WIB

U.S. oil fell for a second day on Tuesday, amid little sign of progress on U.S.-China trade talks, while Saudi Arabian crude output rose, reinforcing concerns about a glut. U.S. West Texas Intermediate (WTI) crude was down 20 cents, or 0.4%, at $56.66 a barrel by 0039 GMT. The contract dropped 0.7%...

U.S. Oil Prices Sink 0.7% Amid Worries of China Trade Progress
Tuesday, 12 November 2019 02:46 WIB

Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. West Texas Intermediate crude for December delivery, the U.S. benchmark, fell 38 cents, or 0.7%, to end at $56.8...

Oil Falls After Trump Downplays Optimistic China Trade Reports
Monday, 11 November 2019 19:19 WIB

Oil prices dipped on Monday after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war. Brent crude was down 87 cents at $61.64 by 1030 GMT. The contract gained 1.3% last week. U.S. crude was 88 cents lower at $56.36 a ba...

Crude Oil Dips Amid Mixed Signals on Trade Talks From Trump
Monday, 11 November 2019 08:01 WIB

Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs. Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark ga...

ANOTHER NEWS
Oil Rises Further Above $62 as Trade Hopes Support
Tuesday, 12 November 2019 19:10 WIB Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub. Concern about slower economic growth and oil demand due to...

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.