Oil pops higher ahead of EIA inventory report
Wednesday, 17 July 2019 20:21 WIB | ENERGY |MinyakMinyak WTICadangan Minyak Mentah ASMinyak Brent

Oil futures were on track to snap a two-slide and recover a fraction of Tuesday's losses ahead of a weekly report on U.S. inventories.

The Energy Information Administration is scheduled to release U.S. crude stockpiles at 10:30 a.m. Eastern Time, which could show a fifth consecutive weekly fall. Analysts expect the government report to reveal a fall of 4.2 million barrels in crude supplies, on average, for the week ended July 12, according to a survey conducted by S&P Global Platts.

August West Texas Intermediate crude gained 70 cents, or 1.2%, to $58.32 a barrel on the New York Mercantile Exchange, recapturing a portion of its 3.3% tumble on Tuesday. International benchmark September Brent added 88 cents, or 1.4%, at $65.22 a barrel on ICE Futures Europe, after its 3.2% skid in the prior session.

Source : MarketWatch

RELATED NEWS

Oil posts second straight week of declines as global demand concerns weigh
Saturday, 18 January 2020 03:02 WIB

Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures gained 25 cents to trade at $64.87 per barrel. U.S. West Texas Intermediat...

Oil Steady Ahead of Data Seen Confirming Sluggish China Growth
Friday, 17 January 2020 09:26 WIB

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after ga...

Oil futures end higher as U.S. trade deals raise expectations for energy demand
Friday, 17 January 2020 03:06 WIB

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospec...

Crude Oil Recovers After U.S.-China Trade Agreement Sealed
Thursday, 16 January 2020 08:12 WIB

Oil prices firmed in Asian trading after the U.S. and China inked the first phase of a broader trade pact on Wednesday, largely recouping losses that followed a U.S. inventory report showing rising supplies. Futures in New York were up 0.5%, after ending 0.7% lower Wednesday. China agreed to b...

U.S. oil futures finish at a 6-week low as petroleum-product stocks climb
Thursday, 16 January 2020 03:00 WIB

Oil futures settled lower Wednesday, with U.S. prices at their lowest in six weeks following a surge in weekly domestic gasoline and distillate stockpiles.  The losses came despite a weekly decline in U.S. crude supplies and the official signing of the Phase 1 U.S.-China trade deal. February W...

ANOTHER NEWS
S&P 500, Dow close at new records, notch best weekly gains since August
Saturday, 18 January 2020 04:19 WIB U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism. The Dow Jones Industrial Average rose 50...

DISCLAIMER

Seluruh materi atau