Oil rises after U.S. Navy downs Iranian drone; set for weekly fall
Friday, 19 July 2019 18:33 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

Benchmark crude prices were still on track for their biggest weekly decline in seven weeks, however, having fallen sharply earlier in the week on concerns over global oil demand amid slowing economic growth.

Brent crude futures were up 1.11 cents, or 1.78%, at $63.04 a barrel by 10:37 GMT, having risen as high as $63.32. Brent fell 2.7% on Thursday, its fourth straight session of losses, and was set for a weekly drop of around 5%.

West Texas Intermediate crude futures were 81 cents, or 1.44%, higher at $56.11 per barrel after touching $56.36. They ended 2.6% lower in the previous session and were headed for a weekly decline of around 6%.

Indications that the U.S. Federal Reserve will cut rates aggressively to support the economy were also behind Friday's gains, said Stephen Innes, managing partner at Vanguard Markets.

Source : Reuters

RELATED NEWS

Oil Prices Down as China Places More Tariffs on Crude and Other U.S. Products
Monday, 26 August 2019 12:33 WIB

Oil Prices were down on Monday in Asia after China announced late last week an additional 10% tariff on $75 billion of U.S. products, including crude. In retaliation, U.S. President Donald Trump said he ordered U.S. companies to consider closing operations in China and make products in the United S...

Oil Down Nearly 2% as Trade War Shakes Confidence
Monday, 26 August 2019 08:35 WIB

Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the U.S.-China war knocked confidence in the global economy. Brent crude was down 89 cents, or 1.5%, at $58.45 a barrel by 0044 GMT, having earlier touched $58.24, the lowest since ...

Oil prices slide 2.1% as US-China trade war escalates
Saturday, 24 August 2019 03:44 WIB

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50 cents, or 0.8%, to $59.40 a barrel. U.S. West Texas Int...

Oil Prices Dips Ahead of Powell Speech
Friday, 23 August 2019 19:18 WIB

Oil prices traded slightly lower on Friday as markets prepped for a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium. New York-traded West Texas Intermediate crude futures slipped just 2 cents, nearly unchanged on a percentage basis, to $55.33 a barrel by 7:...

Oil Ends Lower as Demand Worries Pressure Prices
Friday, 23 August 2019 02:17 WIB

Oil futures ended lower on Thursday, weighed down by expectations for surplus supplies, with the economy and energy demand moving back into focus on the first day of the Jackson Hole economic policy symposium in Wyoming. West Texas Intermediate crude for October delivery on the New York Mercantile ...

ANOTHER NEWS
Oil Prices Down as China Places More Tariffs on Crude and Other U.S. Products
Monday, 26 August 2019 12:33 WIB Oil Prices were down on Monday in Asia after China announced late last week an additional 10% tariff on $75 billion of U.S. products, including crude. In retaliation, U.S. President Donald Trump said he ordered U.S. companies to consider closing...

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.