Oil Cools After Biggest Gain Since Saudi Attack on U.S. Supplies
Thursday, 24 October 2019 09:51 WIB | ENERGY |Crude OilOil,Minyak MentahBrentWTIMinyak

Oil erased some gains after its biggest price rally since the attacks on Saudi facilities five weeks ago following a surprise decline in U.S. crude stockpiles.

West Texas Intermediate for December delivery lost 47 cents to $55.50 a barrel on the New York Mercantile Exchange as of 10:40 a.m. Singapore time. The contract added $1.49 to close at $55.97 on Wednesday, the biggest increase since Sept. 16.

Brent for December settlement fell 34 cents, or 0.6%, to $60.83 a barrel on the London-based ICE Futures Europe Exchange. The contract rose $1.47 to $61.17 on Wednesday. The global benchmark crude traded at a $5.32 premium to WTI.

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.