Oil Gains as Falling U.S. Crude Stockpiles Offset Bolton Ouster
Wednesday, 11 September 2019 08:22 WIB |
ENERGY |MinyakMinyak WTIMinyak MentahMinyak Brent
Oil rose as industry data showed a decline in American crude inventories, countering speculation the ouster of U.S. National Security Adviser John Bolton may lead to a less hawkish approach to Iran and Venezuela.
Futures climbed as much as 1% in New York, rising after the first in drop five sessions. The American Petroleum Institute reported crude inventories shrank by 7.23 million barrels last week, according to people familiar with the figures. Government data Wednesday is forecast to show a 2.9-million barrel decline. President Donald Trump said he fired Bolton after disagreeing œstrongly with many of his positions.
West Texas Intermediate oil for October delivery added 48 cents, or 0.8%, to $57.88 a barrel on the New York Mercantile Exchange as of 8:48 a.m. in Singapore. The contract fell 45 cents to $57.40 on Tuesday.
Brent for November settlement rose 46 cents, or 0.7%, to $62.84 a barrel on the ICE Futures Europe Exchange. The contract fell 21 cents to $62.38 on Tuesday. The global benchmark traded at a $5.06 premium to WTI for the same month.
Source : Bloomberg
Tuesday, 7 July 2020 18:27 WIB
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Brent crude futures declined by 44 cents, or 1.02%, to $42.66, after hitting a high of $43.19.
West Texas Intermediate crude futures fell 53 cen...
Tuesday, 7 July 2020 10:29 WIB
Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand.
U.S. West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel ...
Tuesday, 7 July 2020 02:53 WIB
Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices.
Brent crude settled at $43.10 a barrel, up 30 cents. U.S. West Texas Intermediate (WTI) crude settled at $40.6...
Monday, 6 July 2020 19:04 WIB
Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb demand in the United States.
Brent crude LCOc1 was up 40 cents, or 1%, to $43.2...
Monday, 6 July 2020 13:12 WIB
Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
Brent crude rose 18 cents, or 0.4%, to $42.98 a b...