Thursday, 8 August 2019 18:45 WIB |
ENERGY |BrentMinyak WTI
Oil underwent a solid rebound from seven-month lows on Thursday as Saudi Arabia reportedly took action to halt a steep decline in prices.
New York-traded West Texas Intermediate crude futures gained 89 cents, or 1.7%, to $51.98 a barrel by 7:24 AM ET (11:24 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., rose 63 cents, or 1.1%, to $56.86.
In other energy trading, gasoline futures advanced 1.1% to $1.6375 a gallon by 7:25 AM ET (11:25 GMT), while heating oil rose 0.5% to $1.7627 a gallon.
Lastly, natural gas futures traded up 1.5% to $2.114 per million British thermal unit.