Oil price rally takes a breather after Monday's big gains
Tuesday, 20 August 2019 19:12 WIB | ENERGY |MinyakMinyak MentahMinyak Brent

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields.

West Texas Intermediate crude for October delivery lost 25 cents, or 0.5%, to $55.90 a barrel, after the most-active contract gained 2.4% on Monday. October Brent edged 20 cents, or 0.3%, lower at $59.64 a barrel, following a 1.9% gain in the previous session.

Oil prices have mostly risen over the past two weeks as expectations that central banks across the globe will combat signs of recession with greater stimulus that could help stimulate appetite for crude and other energy assets.

Investors are awaiting inventory data from the American Petroleum Institute later Tuesday at 4:30 p.m. Eastern Time, which will be followed by the closely watched U.S. Energy Information Administration report at 10:30 a.m on Wednesday.

Source : MarketWatch

RELATED NEWS

Oil prices edge up after turbulent week as Saudi Arabia reassures on output
Thursday, 19 September 2019 13:25 WIB

Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia's pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend. Brent crude futures rose 8 cents to $63.68 a barrel by 05:07 GM...

Oil Steadies as Saudis Pledge Swift Return of Lost Production
Thursday, 19 September 2019 09:22 WIB

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas Intermediate crude for October delivery rose 8 cents, or 0.1%, to $58.1...

U.S. Oil Futures Extend Losses to a Second Session
Thursday, 19 September 2019 02:14 WIB

Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia's output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of declines. Prices ...

EIA: US crude oil stocks increased by 1.1 million barrels
Wednesday, 18 September 2019 21:48 WIB

The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 1.1 million barrels in the week ending September 13 compared to analysts estimate for a draw of 2.5 million barrels. The market reaction to the EIA rep...

Oil Prices Fall as Saudi Quickly Restore Output; API Reports Rising Stockpiles
Wednesday, 18 September 2019 12:37 WIB

Oil prices fell on Wednesday in Asia after Saudi Arabia's energy minister said the kingdom is recovering faster-than-expected from an attack on the weekend that knocked out 5% of global oil output. U.S. Crude Oil WTI Futures were down 0.4% to $58.87 by 12:30 AM ET (04:30 GMT). International Brent O...

ANOTHER NEWS
2 US Senators Warn Trump Against Nuclear Deal With Saudis
Thursday, 19 September 2019 16:41 WIB Two U.S. senators are warning the Trump administration against a nuclear cooperation deal with Saudi Arabia, fearing it could set off a nuclear arms race in the volatile Middle East. "Sharing nuclear technology with Saudi Arabia, especially...

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.