Oil Eases as Trade Deal Outlook Offsets Falling U.S. Stockpiles
Thursday, 21 November 2019 09:09 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI

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 Trump is expected to sign a billsupporting Hong Kong protesters, potentially complicating a long-awaited trade deal with Beijing. U.S. crude inventories at Cushing, the delivery point for West Texas Intermediate oil, dropped by 2.3 million barrels last week, the most since August. Nationwide stockpiles expanded less than expected.

WTI for January delivery lost 21 cents to $56.80 a barrel on the New York Mercantile Exchange as of 9:53 a.m. Singapore time. The December contract, which expired Wednesday, added $1.90 to close at $57.11.

Brent for January settlement fell 25 cents, or 0.4%, to $62.15 on the London-based ICE Futures Europe Exchange. The contract climbed $1.49 to $62.40 on Wednesday. The global benchmark crude traded at a $5.36 premium to the 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
Hong Kong Stocks Close Flat (Review)
Tuesday, 10 December 2019 04:44 WIB Hong Kong finished flat on Monday as weak Chinese trade data offset a forecast-beating jobs report from the US that eased concerns about the world's top economy. The Hang Seng index edged down 3.64 points to 26,494.73. The benchmark Shanghai...

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.