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

RELATED NEWS

U.S. oil futures settle above $60 for first time since mid-September
Saturday, 14 December 2019 02:47 WIB

Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil fut...

Oil Rises Near Three-Month High on Initial U.S.-China Trade Pact
Friday, 13 December 2019 18:35 WIB

Oil rose near the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand. Futures climbed 1.1% to almost $60 a barrel in New York, and are on track for a slight weekly increase...

Oil Prices Advance as Trump Reportedly Agrees to Partial Trade Deal with China
Friday, 13 December 2019 12:49 WIB

Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war. U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61. Washington has agreed to not impose...

Oil Rises to Three-Month High After Trump Approves Trade Deal
Friday, 13 December 2019 08:39 WIB

Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a limited trade deal with China, improving the global demand outlook. West Texas Intermediate for January delivery rose 32 cents, or 0.5%, to $59.50 a barrel on the New York Mercantile Exchange...

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...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

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.