Oil Pares Gains on US-China Trade Doubts
Wednesday, 13 November 2019 03:06 WIB |
ENERGY |Crude OilOil,Minyak MentahBrentWTIMinyak
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 world's two biggest economies pressured oil.
Brent crude futures, the global benchmark, fell 8 cents to settle at $62.10 a barrel. West Texas Intermediate (WTI) crude shed 8 cents to settle at $56.80 a barrel.
Prices eased from earlier gains after Trump's remarks to a lunch gathering of The Economic Club of New York included mixed messages about U.S.-China trade talks and excluded specifics about any progress in negotiations.
Source : Reuters
Tuesday, 7 July 2020 18:27 WIB
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Brent crude futures declined by 44 cents, or 1.02%, to $42.66, after hitting a high of $43.19.
West Texas Intermediate crude futures fell 53 cen...
Tuesday, 7 July 2020 10:29 WIB
Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand.
U.S. West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel ...
Tuesday, 7 July 2020 02:53 WIB
Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices.
Brent crude settled at $43.10 a barrel, up 30 cents. U.S. West Texas Intermediate (WTI) crude settled at $40.6...
Monday, 6 July 2020 19:04 WIB
Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb demand in the United States.
Brent crude LCOc1 was up 40 cents, or 1%, to $43.2...
Monday, 6 July 2020 13:12 WIB
Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
Brent crude rose 18 cents, or 0.4%, to $42.98 a b...