Oil Rises Further Above $62 as Trade Hopes Support
Tuesday, 12 November 2019 19:10 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

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 dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks.

Brent crude, the global benchmark, was up 47 cents at $62.65 a barrel by 1115 GMT, after falling as low as $61.90. West Texas Intermediate (WTI) crude was up 36 cents at $57.22.

The U.S. president said on Saturday that talks with China were moving along œvery nicely but the United States would make a deal only if it was the right one. He said there had been incorrect reporting about U.S. willingness to lift tariffs.

Source : Reuters

RELATED NEWS

Oil Prices Near Three-Month Highs on US-China Trade Deal
Monday, 16 December 2019 18:28 WIB

Oil prices on Monday held near three-month highs, supported by last week™s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil futures rose 17 cents or 0.3% to $65.39 a barrel by 0940 GMT, while West Texas Intermediate crude was up 10 cent...

Oil Retreats as Optimism Over Trade Deal Gives Way to Caution
Monday, 16 December 2019 08:51 WIB

Oil retreated from a three-month high as optimism the U.S. and China™s trade deal will spur demand gave way to caution due to the agreement™s limited nature and lack of detail. Futures fell as much as 0.6% in New York after closing up 1.5% Friday. The dealinvolves China buying more America...

U.S. oil futures settle above $60 for first time since mid-September
Saturday, 14 December 2019 02:47 WIB

Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil fut...

Oil Rises Near Three-Month High on Initial U.S.-China Trade Pact
Friday, 13 December 2019 18:35 WIB

Oil rose near the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand. Futures climbed 1.1% to almost $60 a barrel in New York, and are on track for a slight weekly increase...

Oil Prices Advance as Trump Reportedly Agrees to Partial Trade Deal with China
Friday, 13 December 2019 12:49 WIB

Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war. U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61. Washington has agreed to not impose...

ANOTHER NEWS
U.S. Stock Futures Point to Higher Start, Buoyed by Preliminary U.S.-China Trade Deal
Monday, 16 December 2019 19:50 WIB U.S. stock-index futures pointed higher Monday, with the upbeat tone tied to a preliminary U.S.-China trade deal, though questions remained over the details of the long-awaited œphase one accord. Futures on the Dow Jones Industrial Average...

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.