Oil extends gains, supported by surprise U.S. jobs report
Monday, 8 July 2019 08:47 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Crude prices rose on Monday, adding to gains in the previous session on better-than-expected U.S. jobs data, although gains were tempered by worries over the prolonged Sino-U.S. trade war.

Brent crude futures were up 10 cents, or 0.2%, by 00:48 GMT at $64.33. U.S. West Texas Intermediate (WTI) was up 14 cents, or 0.2%, at $57.65 a barrel.

Both oil benchmarks fell last week as concerns about a slowing global economy outweighed risks to supply. Brent fell more than 3% and WTI shed more than 1.5%.

U.S. job growth rebounded strongly in June, with government payrolls surging, the Labor Department's closely watched employment report showed on Friday, suggesting May's sharp slowdown in hiring was probably a one-off.

Employers added 224,000 jobs last month, the most in five months, the report showed.

But the U.S.-China trade war has dampened prospects of global economic growth and oil demand.

Source : Reuters

RELATED NEWS

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...

Oil futures finish lower for the session, but gain for the week
Saturday, 22 February 2020 02:55 WIB

Oil futures fell on Friday, pressured by the possibility of a breakdown in the oil alliance between Saudi Arabia and Russia, as the market continues to worry that the spread of COVID-19 will slow energy demand. Saudi Arabia is weighing a break in its alliance with Russia and holding talks with Kuwa...

Oil Falls as Coronavirus Spread Beyond China Heightens Demand Fears
Friday, 21 February 2020 13:11 WIB

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude w...

ANOTHER NEWS
Hong Kong Stocks Start Week With Another Sharp Drop (Review)
Tuesday, 25 February 2020 04:14 WIB Hong Kong suffered more big losses Monday as investors fret that the coronavirus could become a global pandemic, with energy firms and companies linked to tourism among the worst hit. The Hang Seng Index fell 1.79 percent, or 487.93 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.