Oil Holds Gains as U.S. Inventory Falls and Trade Optimism Grows
Thursday, 26 December 2019 08:15 WIB |
Oil held gains as an industry report showed American inventories shrunk. Optimism over a partial U.S.-China trade deal grew as more U.S. soybean shipments cleared customs.
Futures in New York rose as much as 0.7%, on track for the largest monthly gain in almost a year. U.S. crude stockpiles dropped 7.9 million barrels last week, Reuters reported, citing American Petroleum Institute data. China™s November imports of American soybeans surged to the highest in about two years.
West Texas Intermediate for February delivery climbed as much as 43 cents on the New York Mercantile Exchange and traded 9 cents higher at $61.20/bbl as of 7:48 am in Singapore. Markets were closed on Wednesday for the Christmas holiday
Brent for February settlement settled 81 cents higher on Dec. 24 at $67.20/bbl on Tuesday.
Friday, 28 February 2020 02:54 WIB
Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market.
April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $4...
Thursday, 27 February 2020 18:39 WIB
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Brent crude was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT...
Thursday, 27 February 2020 10:05 WIB
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand.
Brent crude (LCOc1) was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT. The co...
Thursday, 27 February 2020 03:00 WIB
Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session.
April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 ba...
Wednesday, 26 February 2020 19:43 WIB
U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
Brent crude fell 89 cents, or 1.6%, to $54.06 a barrel by...