Oil Extends Losses on Bearish Headwinds From Trade to Stockpiles
Thursday, 10 October 2019 08:58 WIB | ENERGY |Minyak WTI

Oil fell for a fourth day on increasing pessimism over the global economic outlook and after American crude inventories expanded more than expected.

Futures in New York lost as much as 2.3% in early trading after the South China Morning Post reported no progress was made in trade discussions between the U.S. and China that have restarted this week and that the Beijing delegation would leave early. Most of those losses were erased after the White House said it wasn™t aware of a change in travel plans and on a people familiar report that U.S. is weighing a currency pact with China as part of a trade agreement.

West Texas Intermediate for November delivery fell 21 cents, or 0.4%, to $52.38 a barrel on the New York Mercantile Exchange as of 9:27 a.m. Singapore. The contract lost 4 cents to close at $52.59 on Wednesday.

Brent for December settlement dropped 28 cents, or 0.5%, to $58.04 a barrel on the London-based ICE Futures Europe Exchange. It rose 8 cents to $58.32 on Wednesday. The global benchmark crude traded at a $5.68 premium to WTI for the same month.

Source: Bloomberg

RELATED NEWS

Oil Pares Gains on US-China Trade Doubts
Wednesday, 13 November 2019 03:06 WIB

Oil prices steadied after rising about 1% on Tuesday following a speech from U.S. President Donald Trump that offered few new details about Washington's trade talks with Beijing. Concerns about slower economic growth and oil demand due to the fallout from the 16-month trade dispute between the worl...

Oil Rises Further Above $62 as Trade Hopes Support
Tuesday, 12 November 2019 19:10 WIB

Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub. Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade disput...

Oil dips for second day on lack of trade talk progress
Tuesday, 12 November 2019 08:28 WIB

U.S. oil fell for a second day on Tuesday, amid little sign of progress on U.S.-China trade talks, while Saudi Arabian crude output rose, reinforcing concerns about a glut. U.S. West Texas Intermediate (WTI) crude was down 20 cents, or 0.4%, at $56.66 a barrel by 0039 GMT. The contract dropped 0.7%...

U.S. Oil Prices Sink 0.7% Amid Worries of China Trade Progress
Tuesday, 12 November 2019 02:46 WIB

Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. West Texas Intermediate crude for December delivery, the U.S. benchmark, fell 38 cents, or 0.7%, to end at $56.8...

Oil Falls After Trump Downplays Optimistic China Trade Reports
Monday, 11 November 2019 19:19 WIB

Oil prices dipped on Monday after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war. Brent crude was down 87 cents at $61.64 by 1030 GMT. The contract gained 1.3% last week. U.S. crude was 88 cents lower at $56.36 a ba...

ANOTHER NEWS
Asian stocks fall on fears U.S.-China trade stalling
Wednesday, 13 November 2019 09:07 WIB Asian stocks and Wall Street futures fell on Wednesday on growing worries U.S.-China trade talks are stalling after President Donald Trump failed to deliver any new information about when the two countries would sign a trade deal. MSCI's broadest...

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.