Oil Slips After U.S. Inventory Build, But Possible OPEC Cuts Support Market
Wednesday, 23 October 2019 09:09 WIB | ENERGY |Crude OilOil,Minyak MentahBrentWTIMinyak

Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.

International benchmark Brent crude futures dropped 28 cents, or 0.47%, to $59.42 a barrel by 01:23 GMT on Wednesday. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.73%, to $54.08 per barrel.

U.S. crude stocks rose by 4.5 million barrels to 437 million barrels in the week ended Oct. 18, compared with analyst expectations for a gain of 2.2 million barrels, data from industry group the American Petroleum Institute showed.

Inventory data from the U.S. Energy Information Administration (EIA) is due later on Wednesday.

Source : Reuters

RELATED NEWS

Oil Pares Third Weekly Gain as Investors Monitor Trade Outlook
Friday, 22 November 2019 09:18 WIB

Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand. Futures declined as much as 0.7% in New York after jumping 2.6% on Thursday. China™s vice premier invited U.S. trade negotiators to Beijing for further talks even as Presi...

Oil drops as U.S.-China standoff extends beyond trade
Thursday, 21 November 2019 18:24 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world's top two economies may be further delayed. Brent crude fell 44 cents, or 0.7%, to $61.96 a barrel by 09.51 GMT, while ...

Oil drops amid new concern over prospects for U.S.-China trade deal
Thursday, 21 November 2019 13:45 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed. Trade experts have warned the first phase of a deal ...

Oil Eases as Trade Deal Outlook Offsets Falling U.S. Stockpiles
Thursday, 21 November 2019 09:09 WIB

Oil eased after the biggest increase in more than two weeks as signs of a stumble in U.S.-China trade talks offset shrinking stockpiles at a key American crude storage hub. January futures slipped 0.4% in New York after surging 3% on Wednesday, the biggest gain since Nov. 1. President Donald T...

Oil prices extend losses on supply, trade war fears
Wednesday, 20 November 2019 18:09 WIB

Oil prices slipped for a third day on Wednesday as a surge in U.S. stocks reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the U.S.-China trade war. West Texas Intermediate crude futures erased early gains to trade down 17 cents, or 0.31%, at $55.04...

ANOTHER NEWS
US Congress Approves Hong Kong Pro-Democracy Bills
Friday, 22 November 2019 10:50 WIB The U.S. Congress approved two bills Thursday to support pro-democracy demonstrators in Hong Kong after months of unrest in the semi-autonomous city. The House overwhelmingly passed the Hong Kong Human Rights and Democracy Act, which requires an...

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.