Oil Prices Rise as U.S. Stockpiles Drop, OPEC Agrees Meeting Date
Thursday, 20 June 2019 08:29 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts.

Brent crude futures had risen 82 cents, or 1.3%, to $62.64 by 0026 GMT. They dropped 0.5% on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures were up 79 cents, or 1.5%, at $54.55 a barrel. WTI fell 0.26% in the previous session.

After swelling to near two-year highs, U.S. crude stocks fell by 3.1 million barrels last week, compared with analyst expectations for a draw of 1.1 million barrels, the Energy Information Administration (EIA) said. [EIA/S]

Refined products also posted surprise drawdowns due to a rise in refining and crude exports, as well as a drop in crude production.

Source : Reuters

RELATED NEWS

Oil settles at lowest since January 2019
Friday, 28 February 2020 02:54 WIB

Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $4...

Oil Falls For Fifth Day on Demand Concerns as Coronavirus Spreads
Thursday, 27 February 2020 18:39 WIB

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. Brent crude was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT...

Oil falls for fifth day as coronavirus spreads outside of China
Thursday, 27 February 2020 10:05 WIB

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand. Brent crude (LCOc1) was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT. The co...

Oil futures settle at lowest in over a year
Thursday, 27 February 2020 03:00 WIB

Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 ba...

US Crude Drops Below $50 as Washington Warns of a Global Pandemic
Wednesday, 26 February 2020 19:43 WIB

U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic. Brent crude fell 89 cents, or 1.6%, to $54.06 a barrel by...

POPULAR NEWS
Wednesday, 26 February 2020 23:20
Dollar Rises With Stocks, Investors Stay Cautious
ANOTHER NEWS
Oil settles at lowest since January 2019
Friday, 28 February 2020 02:54 WIB Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas...

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.