Oil Slips Amid Slow Holiday Trade Before OPEC+ Meeting
Friday, 29 November 2019 18:25 WIB | ENERGY |Oil,BrentWTIMinyak

Oil prices dipped on Friday in muted activity because of the U.S. Thanksgiving holiday while OPEC watchers expect an extension to a pact to throttle oil output but no deeper cuts to be agreed by the producer group and its allies next week.

Brent crude futures were down 29 cents at $63.58 a barrel by 10:43 GMT, heading for their biggest monthly gain since April with a rise of about 5.6%.

West Texas Intermediate (WTI) futures were flat at $58.11, tracing back earlier losses and on course for a fourth consecutive weekly increase. On a monthly basis, WTI is poised for a jump of about 7.3%, its highest since June.

The dollar is poised to register its strongest month since July, making it more expense to buy oil.

Next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, is also on investors' radar.

Source : CNBC

RELATED NEWS

Oil futures end higher, with U.S. prices at their highest since March
Friday, 3 July 2020 02:08 WIB

Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on the New York Mercantile Exchange. That was the high...

Oil Futures Climb on Shrinking U.S. Crude Inventories
Thursday, 2 July 2020 19:43 WIB

Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this week. The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 7.2 million barrels for the week ended June 26, coming...

Oil futures score a gain for the session as U.S. supplies show biggest weekly drop of the year
Thursday, 2 July 2020 02:15 WIB

Oil futures settled higher on Wednesday after U.S. government data showed that domestic crude supplies fell by 7.2 million barrels last week, the largest weekly decline so far this year. The fall in stockpiles also followed three consecutive weeks of increases. August West Texas Intermediate oil ro...

Oil rises after sharp drop in U.S. crude inventories
Wednesday, 1 July 2020 18:47 WIB

Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose $1.09, or 2.7%, to trade at $42.38 per barrel, after declining...

Oil futures end down for the session, but post a more than 90% gain for the quarter
Wednesday, 1 July 2020 02:49 WIB

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record...

ANOTHER NEWS
Nasdaq Closes at Record For Second Straight Session Ahead of July 4th Holiday
Friday, 3 July 2020 03:19 WIB U.S. stocks clung to their gains at the end of Thursday after a stronger-than-expected employment report confirmed the labor market's rapid recovery at the end of the second-quarter. Wall Street will be shuttered on Friday in honor of the...

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.