Oil prices extend losses as recession fears, inventories mount
Thursday, 15 August 2019 08:14 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Oil prices fell on Thursday to extend sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed.

Brent crude was down 39 cents, or 0.7%, at $59.09 a barrel by 00:34 GMT, after falling 3% in the last session.

U.S. WTI  crude was down 28 cents, or 0.5%, at $54.95 a barrel, having dropped 3.3% in the previous session.

The combination of a slew of data suggesting a slowdown in global growth amid the U.S.-China trade war and persistently high levels of oil in U.S. storage has punctured recent optimism in crude markets, stoking expectations leading oil producers may take further steps to support prices.

Source : Reuters

RELATED NEWS

U.S. oil futures reverse course to finish higher, climb 88% for the month
Saturday, 30 May 2020 02:12 WIB

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%, b...

Oil Sinks on Demand Jitters, U.S.-China Tensions, but on Track for Biggest Monthly Rise in 11 years
Friday, 29 May 2020 19:24 WIB

Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise in more than a decade. West Texas Intermediate crude for July delivery was down 88 cents, or 2.6%...

Oil jumps more than 2% to reverse early losses on higher U.S. gasoline demand, refinery runs
Friday, 29 May 2020 01:52 WIB

Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries that China™s new Hong Kong security law could result in trade sanctions. Oil prices have rebounded in recent weeks on anticipation of improve...

Oil Lower as Rising Crude Inventories Stir Doubts Over Recovery in Demand
Thursday, 28 May 2020 19:07 WIB

Oil futures lost ground Thursday after data from a U.S. industry trade group showed a rise in crude inventories, raising questions over whether expectations for a sharp recovery in demand were overdone. West Texas Intermediate crude for July delivery fell 28 cents, or 0.9%, to $32.53 a barrel on th...

Oil drops more than 4% in second negative session in three on U.S.-China tensions
Thursday, 28 May 2020 01:42 WIB

Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China™s proposed security law in Hong Kong and as some traders doubted Russia™s commitment to deep production cuts. Brent crude fell $1.38, or 3.8%, to $34.79 a barrel, while West Texa...

ANOTHER NEWS
Tokyo's Nikkei Index Edges Up at Open
Monday, 1 June 2020 07:50 WIB Tokyo's key Nikkei index edged up at the open on Monday, as investors looked for clues about the direction of the day's trade following a mixed close in New York. The benchmark Nikkei 225 index was up 0.10 percent or 22.65 points at 21,900.54 in...

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.