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 drops more than 4% in second negative session in three on U.S.-China tensions
Thursday, 28 May 2020 01:42 WIB

Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China™s proposed security law in Hong Kong and as some traders doubted Russia™s commitment to deep production cuts. Brent crude fell $1.38, or 3.8%, to $34.79 a barrel, while West Texa...

Oil Falls on U.S.-China Tensions Over Hong Kong
Wednesday, 27 May 2020 18:43 WIB

Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong. A potential deterioration in relations between the world's two biggest economies could ratchet up the pressure on global businesses and oil demand a...

Oil jumps more than 3% as faith in supply cuts grows
Wednesday, 27 May 2020 01:49 WIB

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 2 cents at $35.55 a barrel. West Texas Intermediate (WTI) crude futures gaine...

Oil Resumes Rise, Lifted by Supply Cuts and Pickup in Demand
Tuesday, 26 May 2020 18:31 WIB

Oil futures traded higher Tuesday, with crude up as traders return from a three-day weekend in the U.S. and U.K., encouraged by continued cuts in production and a pickup in demand as lockdowns ease around the world with the coronavirus pandemic receding. West Texas Intermediate crude for July deliv...

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy
Monday, 25 May 2020 08:31 WIB

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold Wa...

ANOTHER NEWS
Hong Kong stocks finish on a low (Review)
Thursday, 28 May 2020 03:28 WIB Hong Kong shares ended with losses Wednesday as traders fret over protests in the city, fearing a repeat of the violence that hit the economy last year as well as rising China-US tensions. The Hang Seng Index fell 0.36 percent, or 83.30 points, to...

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.