U.S. oil prices pull back after 3-session climb on the back of Iran tensions
Wednesday, 26 June 2019 02:40 WIB | ENERGY |Minyak WTICadangan Minyak Mentah ASMinyak Brent

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran.

August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, 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.

International benchmark August Brent crude edged up by 19 cents, or 0.3%, to $65.05 a barrel on ICE Futures Europe. The contract has traded in choppy fashion since it wrapped trading Friday at $65.20 ” the highest since May 30. Front-month Brent logged a more than 5% gain last week.

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 Prices Fall as U.S. Crude Stockpiles Rise Sharply
Thursday, 17 October 2019 13:35 WIB

Oil prices fell on Thursday in Asia after the American Petroleum Institute (API) said crude stockpiles rose sharply last week. U.S. Crude Oil WTI Futures lost 0.8% to $52.92. International Brent Oil Futures were down 0.7% to $59.02. The API said crude inventories rose by 10.5 million barrels to 43...

Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles
Thursday, 17 October 2019 09:11 WIB

Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 mil...

Oil mixed as worries over demand prospects persist
Wednesday, 16 October 2019 19:13 WIB

Oil futures were putting in a mixed performance Wednesday, with Brent crude edging lower and West Texas Intermediate in positive territory, as worries over global demand lingered. West Texas Intermediate crude for November delivery rose 25 cents, or 0.5%, to $53.06 a barrel, putting the U.S. benchm...

Oil Prices Rise Amid Brexit Hope, But Worries Over China Limit Gain
Wednesday, 16 October 2019 13:36 WIB

Oil prices recovered on Wednesday in Asia amid renewed hopes of a potential Brexit deal between the U.K. and the European Union. U.S. Crude Oil WTI Futures gained 0.3% to $52.97 by 1:13 AM ET (05:13 GMT). International Brent Oil Futures also rose 0.3% to $58.91. Also supporting oil prices today we...

Oil Holds Two Days of Losses as Demand Outlook Deteriorates
Wednesday, 16 October 2019 09:17 WIB

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal. Futures in New York edged higher after dropping 3.5% over the previous two sessions. Beijing wants a rollback in tariffs before...

ANOTHER NEWS
Stocks Open Slightly Higher After Tentative Brexit Deal, Economic Data
Thursday, 17 October 2019 20:49 WIB U.S. stocks opened with modest gains Thursday after U.K. and European Union leaders announced a draft agreement on Brexit and following a round of U.S. economic data and corporate earnings. The Dow Jones Industrial Average rose 64 points, or 0.2%,...

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.