Oil edges lower as U.S. supplies build, reports say Saudis restoring output
Thursday, 26 September 2019 19:32 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Oil futures drifted lower Thursday, continuing to give back gains made in the wake of Sept. 14 attacks on Saudi production facilities as news reports cite progress in restoring output and U.S. inventories.rise.

West Texas Intermediate crude for November delivery on Nymex were off 5 cents, or 0.1%, at $56.44 a barrel, while November Brent crude, the global benchmark, was off 8 cents, or 0.1%, at $61.34 a barrel on ICE Europe.

News reports on Wednesday said Saudi Arabia had restored output capacity to 11.3 million barrels a day, more quickly than initially planned, after attacks on facilities earlier this month knocked production of more than 5 million barrels a day offline, sparking a sharp rally in crude prices.

Source : Marketwatch

RELATED NEWS

Oil posts second straight week of declines as global demand concerns weigh
Saturday, 18 January 2020 03:02 WIB

Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal. Brent crude futures gained 25 cents to trade at $64.87 per barrel. U.S. West Texas Intermediat...

Oil Steady Ahead of Data Seen Confirming Sluggish China Growth
Friday, 17 January 2020 09:26 WIB

Oil prices were steady on Friday as investors braced for data expected to show China™s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent was 3 cents higher at $64.65 by 0123 GMT, after ga...

Oil futures end higher as U.S. trade deals raise expectations for energy demand
Friday, 17 January 2020 03:06 WIB

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospec...

Crude Oil Recovers After U.S.-China Trade Agreement Sealed
Thursday, 16 January 2020 08:12 WIB

Oil prices firmed in Asian trading after the U.S. and China inked the first phase of a broader trade pact on Wednesday, largely recouping losses that followed a U.S. inventory report showing rising supplies. Futures in New York were up 0.5%, after ending 0.7% lower Wednesday. China agreed to b...

U.S. oil futures finish at a 6-week low as petroleum-product stocks climb
Thursday, 16 January 2020 03:00 WIB

Oil futures settled lower Wednesday, with U.S. prices at their lowest in six weeks following a surge in weekly domestic gasoline and distillate stockpiles.  The losses came despite a weekly decline in U.S. crude supplies and the official signing of the Phase 1 U.S.-China trade deal. February W...

ANOTHER NEWS
S&P 500, Dow close at new records, notch best weekly gains since August
Saturday, 18 January 2020 04:19 WIB U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism. The Dow Jones Industrial Average rose 50...

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.