Oil prices skid 2%, extending slide as China virus spreads
Monday, 27 January 2020 13:46 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market.

Brent crude fell by $1.12 a barrel, or 1.9%, to $59.57 by 01:13 GMT, having earlier dropped to $58.68, the lowest since late October. U.S. crude slipped by $1.14, or 2.1%, to $53.05, having earlier eased to $52.15, the lowest since early October.

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained.

Source : Reuters

RELATED NEWS

WTI stays below $47.00 amid a mixed play of key catalysts
Friday, 28 February 2020 09:27 WIB

WTI bears dominate near $46.60, down 0.30%, during the early trading session on Friday. The black gold dropped to the lowest since early-January 2019 the previous day amid fears that coronavirus (COVID-19) will weigh on the global energy demand. However, the escalation of Turkey-Syria tension and Sa...

Oil settles at lowest since January 2019
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...

Oil Falls For Fifth Day on Demand Concerns as Coronavirus Spreads
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...

Oil falls for fifth day as coronavirus spreads outside of China
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...

Oil futures settle at lowest in over a year
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...

ANOTHER NEWS
WTI stays below $47.00 amid a mixed play of key catalysts
Friday, 28 February 2020 09:27 WIB WTI bears dominate near $46.60, down 0.30%, during the early trading session on Friday. The black gold dropped to the lowest since early-January 2019 the previous day amid fears that coronavirus (COVID-19) will weigh on the global energy demand....

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.