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

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 concessions to reach a partial trade deal last week, and China wants further talks as soon as the end of October to hammer out the details of the œphase one trade deal touted by Donald Trump. Prices gained on Friday as an attack on an Iranian crude tanker in the Red Sea stoked tension in the Middle East.

WTI for November delivery dropped $1.13 cents, or 2.1%, to $53.57 a barrel on the New York Mercantile Exchange as of 8:20 a.m. local time. It advanced $1.15 on Friday, the most since Sept. 16, capping a weekly gain of 3.6%.

Brent crude for December settlement fell $1.12, or 1.9%, to $59.39 a barrel on the ICE Futures Europe Exchange after climbing 2.4% on Friday. The global benchmark traded at a premium of $5.68 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
Dollar holds gains as investors cling to trade hopes
Wednesday, 13 November 2019 08:25 WIB The dollar clung to most of its recent gains on Wednesday after U.S. President Donald Trump said a trade deal with China was œclose but offered no new details on negotiations to send the greenback higher. Hopes for an imminent a deal to wind...

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.