Oil Resumes Slide as Trade War Overshadows Iran Tanker Seizure
Monday, 5 August 2019 08:38 WIB | ENERGY |MinyakMinyak WTIMinyak MentahMinyak Brent

Oil resumed its decline as demand fears deepened after President Donald Trump threatened to slap more tariffs on China, countering concerns crude flows may be disrupted following Iran's seizure of another ship.

Futures lost as much as 1% in New York. Trump said Friday he can raise tariffs on China to a œmuch higher number after his initial threat the previous day spurred the steepest one-day drop in more than four years. Iran seized a foreign tanker in the Persian Gulf on July 31, the Revolutionary Guards said on their Sepah News portal Sunday, without giving any details about the vessel.

West Texas Intermediate oil for September delivery fell 24 cents, or 0.4%, to $55.42 a barrel on the New York Mercantile Exchange as of 8:42 a.m. in Singapore after losing as much as 56 cents earlier. The contract dropped 1% last week and tumbled 7.9% on Thursday.

Brent crude for October settlement declined 51 cents, or 0.8%, to $61.38 a barrel on the ICE Futures Europe Exchange. It fell 2.5% last week. The global benchmark traded at a premium of $5.98 to WTI for the same month.

Source : Bloomberg

RELATED NEWS

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk
Saturday, 11 July 2020 02:40 WIB

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has...

Oil Falls on Resurgence of Virus Cases, Oversupply
Friday, 10 July 2020 18:47 WIB

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel, and U.S. oil fell 51...

Oil Stuck in Tight Trading Range Set for Weekly Drop on Virus
Friday, 10 July 2020 09:13 WIB

Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply. Futures are down 2.2% this week after fluctuating in the tightest trading range since December. Surging infections acros...

Oil falls, with U.S. benchmark settling back under $40 as coronavirus concerns swirl
Friday, 10 July 2020 02:42 WIB

Oil futures fell on Thursday, with U.S. benchmark prices settling back below $40 a barrel, as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may threaten to unsettle demand for crude. August West Texas Intermediate crude fell by $1.28, or 3.1%...

Oil Steady as Coronavirus Fears Offset Gasoline Recovery Signs
Thursday, 9 July 2020 18:21 WIB

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization of the Petroleum...

ANOTHER NEWS
Dow ends nearly 370 points higher as Nasdaq logs another record close
Saturday, 11 July 2020 03:29 WIB Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500...

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.