U.S. Oil Extends Last Week's Surge as U.S. Readies Additional Iran Sanctions
Monday, 24 June 2019 18:40 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

U.S. oil prices rose Monday, extending last week™s strong gains that had been prompted by building tensions between Iran and the United States, as Washington was set to announce new economic sanctions on Tehran, according to reports.

U.S. prices tallied a rise of nearly 9% for last week and posted the highest settlement this month, lifted by expectations those continued Middle East tensions that could disrupt oil markets, and with bulls cheered over signs that economy-boosting central bank policy would be delivered.

Early Monday, August West Texas Intermediate crude rose 43 cents, or 0.7%, at $57.86 a barrel on the New York Mercantile Exchange. The contract settled Friday at $57.43. Based on front-month prices, WTI finished at its highest since May 29. It rose 8.8% for last week, the biggest weekly percentage climb since the week ended Dec. 2, 2016, according to Dow Jones Market Data.

Source : Marketwatch

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.