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 Anchored Near $41 With Gains Capped by Rising Stockpiles
Thursday, 9 July 2020 08:27 WIB

Oil was anchored near $41 a barrel in New York with swelling U.S. crude stockpiles raising fresh concerns about supply, while coronavirus cases continued to surge across the world. Stockpiles at the key storage hub of Cushing expanded for the first time since early May as nationwide ...

Oil rises on improving U.S. gasoline demand
Thursday, 9 July 2020 02:45 WIB

Oil prices edged up on Wednesday on signs of a recovery in gasoline consumption in the United States, but rising U.S. crude inventories and an increase in coronavirus infections limited gains. Brent crude futures rose 25 cents to $43.37 a barrel. West Texas Intermediate crude futures settled 28 cen...

Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled
Wednesday, 8 July 2020 14:36 WIB

Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections. The American Petroleum Institute reported inventories rose by 2.05 million barrels last...

Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled
Wednesday, 8 July 2020 09:01 WIB

Oil was anchored near $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections. The American Petroleum Institute reported inventories rose by 2.05 million barrels last ...

Oil moves lower as Covid-19 cases spark demand fears
Wednesday, 8 July 2020 02:09 WIB

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude futures declined by 24 cents, or 0.56%, to $42.86. West Texas Intermediate crude futures fell 1 cent, or 0.02%, to settle at $40.62 p...

ANOTHER NEWS
Get ready, Gold opportunities will exceed $ 1,900 / troy ounce
Thursday, 9 July 2020 15:43 WIB In the last three days the price of gold has been relied upon to break $ 1,800 / troy on. The release of the latest US economic data and with positive news regarding the development of a vaccine for COVID-19 apparently was not strong enough 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.