Oil prices rise as Middle East tensions simmer
Monday, 24 June 2019 08:47 WIB | ENERGY |Minyak WTIMinyak jenis Brent

Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying ''significant'' sanctions on Tehran would be announced.

Brent futures were up 37 cents, or 0.6%, at $65.57 a barrel by 0044 GMT.

West Texas Intermediate crude was up 43 cents, or 0.8%, at $57.86 a barrel.

U.S. President Donald Trump said last week that he called off a military strike to retaliate for Iran's downing of an unmanned U.S. drone, and he said on Sunday that he was not seeking war with Iran.

Oil prices surged last week after Iran shot down a drone that the United States claimed was in international airspace and Tehran said was over its territory.

Amid the escalating tensions Brent racked up a gain of about 5% last week, its first weekly gain in five weeks, and WTI jumped about 10%, its biggest weekly percentage gain since December 2016.

Source: Reuters

RELATED NEWS

U.S. Oil at Lowest in Over a Week as Pompeo Says Iran is Ready to Talk
Wednesday, 17 July 2019 03:02 WIB

Oil futures settled sharply lower Tuesday, following reports that U.S. Secretary of State Mike Pompeo said Iran is ready to enter negotiations over its missile program, easing concerns about tensions between Washington and Tehran that had put the flow of oil in the Middle East at risk. Oil had been...

Oil Prices Slip as Gulf of Mexico Production Restarts, U.S. Output Weighs
Tuesday, 16 July 2019 19:25 WIB

Oil prices dipped on Tuesday as oil rigs in the Gulf of Mexico underwent the process to restart production following Hurricane Barry, while escalating U.S. output weighed ahead of weekly inventory data. New York-traded West Texas Intermediate crude futures dropped 7 cents, or 0.1%, to $59.51 a barr...

Oil prices end lower after last week's gains as Gulf storm threat passes
Tuesday, 16 July 2019 03:16 WIB

Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery. August West Texas Intermediate crude fell by 63 cents, or 1.1%, to settle $59.58 a barrel on the New York Mercantile Exchange, pulling back after fi...

Oil Prices Hold Gains after Chinese Data
Monday, 15 July 2019 19:08 WIB

Oil prices traded higher on Monday as positive data from China outweighed the country's slowing economy, providing hopes that demand for oil will remain intact. New York-traded West Texas Intermediate crude futures gained 16 cents, or 0.3%, to $60.37 a barrel by 7:38 AM ET (11:38 GMT), while Brent ...

U.S. Oil Ends Week Up 5%, But Gulf of Mexico Storm Provides Little Support
Saturday, 13 July 2019 02:20 WIB

U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East. Prices for the session, however, barely budged despite further storm-related declines in Gulf of Mexico oil and natural-gas productio...

ANOTHER NEWS
Hong Kong stocks finish with gains (Review)
Wednesday, 17 July 2019 03:19 WIB Hong Kong stocks ended higher on Tuesday in quiet trade as investors took a step back after recent gains, while looking ahead to the start of corporate earnings season. The Hang Seng Index added 0.23 percent, or 64.74 points, to 28,619.62. The...

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.