Oil Extends Gain as Saudi Minister Ousted Before OPEC Meeting
Monday, 9 September 2019 09:20 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil extended gains after Saudi Arabia ousted its long-time energy minister before an OPEC+ committee that monitors compliance with output cuts meets this week in Abu Dhabi.

Futures rose for a fourth day in New York after climbing 2.6% last week. While Saudi King Salman dismissed Khalid Al-Falih and replaced him with one of his sons, the decision is unlikely to signal a change to the kingdom's oil policy, according to analysts and officials. A two-day meeting of the OPEC+ Joint Technical Committee starts Wednesday and United Arab Emirates energy minister said there is no recommendation to make deeper output cuts.

West Texas Intermediate oil for October delivery added 31 cents, or 0.6%, to $56.83 a barrel on the New York Mercantile Exchange as of 8:57 a.m. in Singapore. The contract climbed 22 cents to $56.52 on Friday.

Brent for November rose 19 cents, or 0.3%, to $61.73 a barrel on the ICE Futures Europe Exchange. The contract capped a fourth weekly gain on Friday. The global benchmark traded at a $5.01 premium to WTI for the same month.

Source : Bloomberg

RELATED NEWS

Oil rises on US-China trade deal optimism
Friday, 13 December 2019 02:52 WIB

Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a b...

Oil Prices Gain as OPEC Revises Deficit Forecast
Thursday, 12 December 2019 20:14 WIB

Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories. Brent futures rose 44 cents, or 0.7% to $64.16 a barrel, after skidding 1% on Wednesday on t...

Oil Prices Trade Higher on OPEC Revised Forecast Report
Thursday, 12 December 2019 13:01 WIB

Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year. U.S. Crude Oil WTI Futures gained 0.1% to $58.84 by 12:18 AM ET (04:18 GMT). International Brent Oil Futures gained 0.4%. In a report released ov...

Oil Prices Stabilize on OPEC Supply Deficit Forecast
Thursday, 12 December 2019 09:00 WIB

Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories. Brent futures rose 19 cents, or 0.3% to 63.61 a barrel by 01:00 GMT, after skidding 1% on Wednes...

Oil prices end lower after unexpected climb in weekly U.S. crude inventory data
Thursday, 12 December 2019 03:31 WIB

Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal Reserve™s decision to hold its benchmark interest rate unch...

ANOTHER NEWS
Hong Kong Stocks End Sharply Higher (Review)
Friday, 13 December 2019 04:33 WIB Hong Kong stocks surged more than one percent Thursday after the Federal Reserve indicated it would leave interest rate unchanged next year, while investors are keeping tabs on the China-US trade talks. The Hang Seng index climbed 1.31 percent, or...

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.