Crude Oil Prices Settle Lower; G20, OPEC Outcomes Awaited
Saturday, 29 June 2019 02:27 WIB | ENERGY |MinyakWTIBrentOil,

Crude futures fell on Friday, but were on track to notch a second-straight weekly gain ahead of this weekend's G-20 summit between U.S. President Donald Trump and Chinese President Xi Jinping and the OPEC powwow early next week.

On the New York Mercantile Exchange crude futures for August delivery settled 1.6% lower at $58.47, while on London's Intercontinental Exchange, the August contract for Brent, the global benchmark, slipped 0.30% to $65.50. The more active September contract was down 1.6% to $64.52.

With expectations running high that OPEC and its allies are likely to extend oil production cuts for another six months and discuss deepening the curbs at a meeting next week, the G20 meeting between Trump and Xi has taken on increased scrutiny.

Analysts, however, have warned that a negative outcome from the Trump-Xi sitdown could fan trade tensions between the world's largest two economies and trigger a rocky reaction in oil prices.

Source : Investing.com

RELATED NEWS

Oil falls 3% to settle under $50 for first time in 2 weeks
Wednesday, 26 February 2020 02:53 WIB

Oil fell below $55 a barrel on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses. Crude fell almost 4% on Monday, with other commodities also reporting losses while U.S. and European e...

Oil Holds Biggest Loss in Seven Weeks on Worsening Virus Outlook
Tuesday, 25 February 2020 08:43 WIB

Oil held its biggest loss in almost seven weeks as investors attempted to gauge the economic consequences of the fast-spreading coronavirus and whether it would become a global pandemic. Futures in New York edged higher after tumbling 3.7% Monday amid a broad market selloff driven by a sh...

U.S. oil prices settle down nearly 4% as coronavirus outbreak spreads
Tuesday, 25 February 2020 02:59 WIB

Oil futures settled lower on Monday, with U.S. prices losing almost 4% as the market continued to fret over the impact of coronavirus on energy demand. "It could be a bloodbath for oil in the short-term as the risks of a global pandemic will cripple travel and trade," said Edward Moya, senior marke...

Oil Prices Slide Over 3% on Demand Concerns as Virus Spreads
Monday, 24 February 2020 18:39 WIB

Oil prices tumbled by more than 3% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors concerned about a hit to demand. Global shares also extended losses as worries about the impact of the new virus grew, with the number of infections jumping in Iran, ...

Oil prices fall 2% on demand concerns as coronavirus spreads outside China
Monday, 24 February 2020 08:10 WIB

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the cor...

ANOTHER NEWS
Gold Advances as Virus Fears Reignite Haven Demand
Wednesday, 26 February 2020 09:31 WIB Gold rebounded after the U.S. Centers for Disease Control and Prevention warned Americans to prepare for a potential coronavirus outbreak at home and the total number of cases in South Korean topped the 1,000 mark. Spot gold as much as...

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.