Oil Hits Near 6-Week Highs on New Saudi Oil Minister Appointment
Tuesday, 10 September 2019 03:38 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,Crude Oil

The oil rally has got an unexpected shot in the arm from Saudi Arabia's surprise replacement of its oil minister.

Crude prices jumped about 2% Monday after Saudi King Salman appointed one of his own sons, Prince Abdulaziz bin Salman, to take over from Khalid al-Falih to run the most important ministry in the country that leads OPEC. Known as ABS by his initials, Abdulaziz is a long-time Saudi delegate to OPEC and brother to Mohamad bin Salman, or MBS, another of King Salman™s sons and arguably the most powerful man in Saudi Arabia after the monarch.

New York-traded West Texas Intermediate crude, the U.S. benchmark blend, settled up $1.33, or 2.4%, at $57.85 per barrel. Last week, WTI rose 2.6%, its biggest weekly advance since July.

London-traded Brent crude, the international benchmark blend, extended its perch further above the key $60 level, rising $1.05, or 1.7%, to $62.59.

Source : Investing.com

RELATED NEWS

Oil Prices Rise Amid Sanctions on Rosneft, But Virus Fears Cap Gains
Wednesday, 19 February 2020 12:59 WIB

Oil prices gained more than 1% on Wednesday in Asia despite ongoing concerns surrounding the coronavirus outbreak. U.S. Crude Oil WTI Futures gained 1.1% to $52.86 by 12:01 AM ET (04:01 GMT), while the international Brent Oil Futures also rose 1.1% to $58.39. Reports that the U.S. imposed sanction...

Oil Inches Higher, But Gains Capped by Widening Economic Impact of Virus Outbreak
Wednesday, 19 February 2020 09:47 WIB

Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the center of the outbreak. Brent crude was up by 6 cents at $57.81 a barrel by ...

Oil settles unchanged, paring early losses
Wednesday, 19 February 2020 02:58 WIB

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Brent crude was up 8 cents at $57.75 per barrel. U.S. West Texas Intermediate crude futu...

Oil Falls on Coronavirus Hit to Demand, OPEC+ Delay
Tuesday, 18 February 2020 19:48 WIB

Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Forecasters including the International Energy Agency (IEA) have cut 2020 oil demand estimate...

Oil Prices Slide Amid Lingering Coronavirus Worries
Tuesday, 18 February 2020 13:41 WIB

Oil prices slid on Tuesday in Asia amid lingering demand concerns due to the coronavirus outbreak. U.S. Crude Oil WTI Futures fell 0.6% to $51.99 by 1:15 AM ET (05:15 GMT). International Brent Oil Futures slid 1.0% to $57.10. The decline in oil prices came even after China reported that the number...

ANOTHER NEWS
Dollar in Demand; Turkish Central Bank in Focus
Wednesday, 19 February 2020 15:30 WIB The U.S. dollar continues to gain fans Wednesday, with China's coronavirus continuing to batter economies in Asia, Europe showing very few signs of growth while the U.S. economy exhibits a reasonably healthy glow. At 03:05 ET (08:05 GMT), EUR/USD...

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.