Oil Prices Slide Amid Lingering Coronavirus Worries
Tuesday, 18 February 2020 13:41 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices slid on Tuesday in Asia amid lingering demand concerns due to the coronavirus outbreak.

U.S. Crude Oil WTI Futures fell 0.6% to $51.99 by 1:15 AM ET (05:15 GMT). International Brent Oil Futures slid 1.0% to $57.10.

The decline in oil prices came even after China reported that the number of new virus infection in the country continued to fall. On Tuesday, Chinese health authorities confirmed 1,886 new cases of coronavirus, and 98 new deaths.

China recently imposed tougher restrictions on travel and movement within the country to help limit the spread of the virus.

The International Energy Agency said earlier this month that the virus could lower oil demand by 435,000 barrels per day year-on-year in the first three months of the year, while global experts said it is still too early to claim the outbreak is being contained.

Traders are also awaiting news from the Organization of the Petroleum Exporting Countriesand its allies on whether they will deepen production cuts to support oil prices.

Source : Investing.com

RELATED NEWS

Oil Prices Mixed as Coronavirus Spike Casts Shadow Over U.S. Demand
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...

Oil Stuck Near $43 With Market Weighing Supply Against Virus
Monday, 6 July 2020 08:34 WIB

Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections. Libya™s oil exports are expected to slide this month as forces opposed to the government continue to block shipments, ad...

Crude Oil Lower; OPEC Disputes and Virus Cases Weigh
Friday, 3 July 2020 18:59 WIB

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1...

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...

ANOTHER NEWS
U.S. Stock Futures Rise As Coronavirus Cases Continue To Surge
Monday, 6 July 2020 16:23 WIB U.S. stock index futures steadily gained late Sunday, ahead of Wall Street's return from a three-day holiday weekend. As of midnight Eastern, Dow Jones Industrial Average futures were up around 350 points, or 1.4%, while S&P 500 futures rose...

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.