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

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 GMT while U.S. West Texas Intermediate (WTI) crude was up 14 cents to $58.25 a barrel.

The steadying of nerves, after a 14.6% jump in Brent prices on Monday - the contract's biggest one-day percentage gain since at least 1988 - came after Saudi Arabia set out the timeline to full operation, and also said it had managed to restore supplies to customers at levels prior to the attacks by drawing from its oil inventories.

Saudi Arabia, the world's leading oil exporter, has said the crippling attack on its oil sites was œunquestionably sponsored by bitter regional rival Iran. U.S. President Donald Trump said there were many options short of war with Iran and added that he had ordered the U.S. Treasury to œsubstantially increase sanctions on Tehran. Iran has denied involvement in the strikes.

Source : Reuters

RELATED NEWS

Oil Drops After Biggest Gain in a Month as Trade Optimism Ebbs
Monday, 14 October 2019 19:31 WIB

Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook. Futures in New York fell as much as 2.6% after gaining 2.2% in the previous session. Washington and Beijing made several ...

Oil Prices Down as Traders Sceptical on Sino-U.S. "Partial Trade Deal"
Monday, 14 October 2019 13:25 WIB

Oil prices were down on Monday in Asia, after surging late last week, as traders are becoming more sceptical on whether the œphase one trade deal the U.S. and China agreed on Friday would lead to a quick recovery in oil demand. U.S. Crude Oil WTI Futures lost 0.6% to $54.39 by 12:30 AM ET (04:...

Oil Drops After Biggest Gain in a Month as Trade Optimism Ebbs
Monday, 14 October 2019 09:16 WIB

Oil fell after surging the most in almost a month on Friday on signs investors are skeptical that progress in U.S.-China trade talks will lead to a quick recovery in demand. Futures in New York dropped as much as 0.7% after closing up 2.2% in the previous session. Washington and Beijing reached a&n...

U.S. oil futures settle higher, gain nearly 4% for the week
Saturday, 12 October 2019 01:49 WIB

Oil futures settled higher on Friday, with U.S. prices tallying a gain of 3.6% for the week as expectations for progress in U.S.-China trade negotiations eased worries about energy demand. The U.S. and China have reached a partial agreement Friday that may lead to a truce in the trade war, accordin...

Oil Prices Jump 1.6% After Reports of Iranian Tanker Blast
Friday, 11 October 2019 18:21 WIB

Oil prices jumped Friday morning after reports of an Iranian tanker explosion in the Red Sea raised the possibility of tensions in an already simmering Middle East. The tanker sustained damages after being hit by missiles that were launched from the Saudi Arabian port of Jeddah, according to the st...

ANOTHER NEWS
Trump: US Will Impose 'Big Sanctions' Against Turkey for Onslaught on Kurds
Monday, 14 October 2019 23:42 WIB U.S. President Donald Trump on Monday promised "big sanctions" against Turkey for its invasion into northern Syria against Kurdish fighters, but again defended his withdrawal of American troops who had been fighting alongside the Kurds against...

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.