Oil Holds Two Days of Losses as Demand Outlook Deteriorates
Wednesday, 16 October 2019 09:17 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal.

Futures in New York edged higher after dropping 3.5% over the previous two sessions. Beijing wants a rollback in tariffs before it agrees to buy as much as $50 billion of U.S. agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said. China also threatened to retaliate if the U.S. Congress passes a law on Hong Kong.

West Texas Intermediate for November delivery rose 13 cents, or 0.3%, to $52.94 a barrel on the New York Mercantile Exchange as of 10:04 a.m. in Singapore. It fell 1.5% on Tuesday.

Brent crude for December settlement climbed 0.2% to $58.85 a barrel on the London-based ICE Futures Europe Exchange after falling 1% on Tuesday. The global benchmark traded at a $5.85 premium to WTI for the same month.

Source : Bloomberg

RELATED NEWS

Oil Near 12-Week High After Saudis Surprise With Output Curbs
Monday, 9 December 2019 14:48 WIB

Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in New York edged lower after climbing 1.3% Friday to cap a 7.3% weekly advance, the most since mid-Jun...

Oil Drops From 12-Week High as Demand Woes Overshadow Output Cut
Monday, 9 December 2019 08:58 WIB

Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns. West Texas Intermediate for January delivery fell 28 cents, or 0.5%, to $58.92 a barrel on the New York Mercantile Exchange as of 9:47 a.m. in Singapore. The contrac...

U.S. oil futures post biggest weekly rise since June
Saturday, 7 December 2019 03:13 WIB

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,00...

Oil on track for weekly gain as OPEC+ set to confirm supply cut
Friday, 6 December 2019 19:31 WIB

Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a grouping known as OPEC+ - agreed on Thursday to more output cuts to avert oversupply as...

Oil futures end mixed as traders await confirmation of deeper production cuts
Friday, 6 December 2019 03:12 WIB

Oil futures ended on a mixed note Thursday, with U.S. prices settling unchanged for the session and global prices higher, as traders awaited a decision on output from major oil producers, following reports that OPEC and its allies have recommended cutting production by another 500,000 barrels a day....

ANOTHER NEWS
Oil slips as weak China export data weighs
Tuesday, 10 December 2019 03:21 WIB Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures fell...

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.