U.S. oil ends higher, but Brent falls as Trump administration announces additional Iran sanctions
Tuesday, 25 June 2019 02:38 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran.

President Donald Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders, according to pool reports from the White House.

In Monday dealings, August West Texas Intermediate crude climbed by 47 cents, or 0.8%, to settle at $57.90 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since the week ended Dec. 2, 2016.

Meanwhile, international benchmark August Brent crude ended down 34 cents, or 0.5%, at $64.86 a barrel on ICE Futures Europe. The contract wrapped trading Friday at $65.20 ” the highest since May 30.

The Trump administration has turned up the economic pressure on Tehran since Trump pulled the U.S. out of the 2015 nuclear deal in May 2018, hoping to drive Iran to accept a tougher agreement that would end uranium enrichment and curb its regional ambitions. The U.S. is seeking ultimately to drive the Islamic Republic's oil exports to zero to prompt the nuclear concessions.

Source : MarketWatch

RELATED NEWS

Oil futures end mixed as traders await confirmation of deeper production cuts
Friday, 6 December 2019 03:12 WIB

Oil futures ended on a mixed note Thursday, with U.S. prices settling unchanged for the session and global prices higher, as traders awaited a decision on output from major oil producers, following reports that OPEC and its allies have recommended cutting production by another 500,000 barrels a day....

Oil rises as OPEC weighs deeper output cuts
Thursday, 5 December 2019 19:00 WIB

Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that OPEC was seeking to increase production cuts by the group and its allies led by Russia by more than 4...

Oil futures settle sharply higher as U.S. crude supplies drop, traders await OPEC output decision
Thursday, 5 December 2019 03:17 WIB

Oil futures settled sharply higher on Wednesday, with U.S. prices at their highest finish in almost two weeks as U.S. government data showed the first decline in domestic crude supplies in six weeks. Traders also weighed the possibility that the Organization of the Petroleum Exporting Countries and...

Oil up nearly 2% ahead of OPEC output talks
Wednesday, 4 December 2019 19:37 WIB

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles. Brent crude futures were up $1.13, or 1.9%, at $61.96 a barrel. U.S. West Texas Intermediate (WTI)...

U.S. oil futures up a second straight session
Wednesday, 4 December 2019 03:17 WIB

U.S. benchmark oil futures settled higher for a second straight session on Tuesday as traders weighed the possibility that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, will announce deeper production cuts when they meet later this week. OPEC's Joint Technica...

ANOTHER NEWS
Hong Kong stocks end with healthy gains (Review)
Friday, 6 December 2019 04:31 WIB Hong Kong stocks rose Thursday as trade hopes returned following a report saying US and Chinese officials were closing in on a mini deal. The Hang Seng index added 0.59 percent, or 154.48 points, to 26,217.04. The benchmark Shanghai Composite...

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.