Oil Set for Weekly Advance on Optimism Around Trade Breakthrough
Friday, 11 October 2019 09:20 WIB | ENERGY |Minyak WTI

Oil is heading for the first weekly advance since the end of September as U.S.-China trade talks progress, offering a glimmer of hope for global demand.

Futures rose as much as 1.1% in New York after jumping 1.8% on Thursday, the most in more than three weeks. President Donald Trump said discussions with Chinese counterparts are going œreally well and that they will continue on Friday. OPEC and its allies will do whatever it takes to prevent another oil slump, Secretary-General Mohammad Barkindo said in London.

West Texas Intermediate for November rose 27 cents to $53.82 a barrel on the New York Mercantile Exchange as of 9:58 a.m. Singapore time. The contract climbed 96 cents to $53.55 on Thursday, the highest level in more than a week. Prices are up about 2% this week.

Source: Bloomberg

RELATED NEWS

Oil rises nearly 4% ahead of OPEC+ meeting, easing lockdowns
Wednesday, 3 June 2020 01:48 WIB

Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns. West Texas Intermediate crude climbed $1.37, or ...

Oil Futures Rise on Hope of Extension of Global Production Cuts
Tuesday, 2 June 2020 18:54 WIB

Crude-oil futures on Tuesday headed higher, at least partly supported by reports that major producers may agree to extend output cuts that terminate at the end of June to further steady oil prices. Reuters has reported that the Organization of the Petroleum Exporting Countries and notably major pro...

Oil Edges Higher With OPEC+ Decision on Output Cuts in Focus
Tuesday, 2 June 2020 12:50 WIB

Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs. Futures in New York rose around 1% after closing little changed Monday. Saudi Arabia favors keeping the curbs -- which are set to start easing from July -- in place for an ex...

Oil Prices Hold Ground Ahead of OPEC+ Meeting on Extended Output Cuts
Tuesday, 2 June 2020 09:01 WIB

Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT. U.S. West Texas Inter...

Oil steady as OPEC+ considers extension to crude curbs
Monday, 1 June 2020 18:35 WIB

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China. Benchmark Brent crude fell 16 cents, or 0.45%, to trade at $35.32 per barrel, while U.S. crude gained 18 cents to...

ANOTHER NEWS
Hong Kong Shares Extend Rally (Review)
Wednesday, 3 June 2020 03:21 WIB Hong Kong shares enjoyed more healthy gains Tuesday, building on the previous day's more than three percent surge, as the easing of lockdowns trumped worries about China-US tensions. The Hang Seng Index climbed 1.11 percent, or 263.42 points, to...

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.