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 jumps more than 3% as faith in supply cuts grows
Wednesday, 27 May 2020 01:49 WIB

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Brent crude futures were up 2 cents at $35.55 a barrel. West Texas Intermediate (WTI) crude futures gaine...

Oil Resumes Rise, Lifted by Supply Cuts and Pickup in Demand
Tuesday, 26 May 2020 18:31 WIB

Oil futures traded higher Tuesday, with crude up as traders return from a three-day weekend in the U.S. and U.K., encouraged by continued cuts in production and a pickup in demand as lockdowns ease around the world with the coronavirus pandemic receding. West Texas Intermediate crude for July deliv...

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy
Monday, 25 May 2020 08:31 WIB

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold Wa...

Oil Prices Settle Lower on Fears About China Turbulence, But Score a Weekly Gain
Saturday, 23 May 2020 02:38 WIB

Oil futures settled lower Friday, with U.S. prices breaking the longest winning streak in more than a year over worries about China growth and fresh friction between Washington and Beijing. July West Texas Intermediate oil fell 67 cents, or 2%, to settle at $33.25 a barrel on the New York Mercantil...

Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak
Friday, 22 May 2020 18:31 WIB

Oil prices slumped on Friday after China™s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world™s second-largest oil user. Brent crude fell $1.70, or 4.7%, to $34.36 a barrel, after ...

ANOTHER NEWS
Hong Kong stocks close sharply higher (Review)
Wednesday, 27 May 2020 03:32 WIB Hong Kong shares rallied Tuesday as worries over a controversial Chinese security law proposed for the city were overshadowed by hopes for the global economy as governments continue to ease lockdown restrictions. The Hang Seng Index jumped 1.88...

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.