Oil Prices Slide as Coronavirus Spread Beyond China Raises Demand Worries
Friday, 21 February 2020 09:23 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market.

Brent crude was down 24 cents, or 0.4%, at $59.07 a barrel by 0155 GMT, while U.S. crude was off by 25 cents, or 0.5%, at $53.63 a barrel.

On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of the country's fourth-largest city were deserted on Thursday after dozens of people there went down with the pathogen in what authorities described as a "super-spreading" event.

In China itself, the world's biggest importer of crude oil, new cases also rose on Friday from the day before even as Beijing presses on with efforts to contain the spread that has largely paralyzed the world's second-biggest economy.

Source : Reuters

RELATED NEWS

Oil jumps ahead of 'make-or-break' OPEC meeting
Thursday, 9 April 2020 20:35 WIB

Oil prices moved higher on Thursday, ahead of a pivotal meeting in which OPEC and its allies, known as OPEC+, will discuss historic production cuts as the coronavirus pandemic continues to sap demand for crude. U.S. West Texas Intermediate traded 5.3%, or $1.34, higher at $26.43 per barrel, while i...

Oil prices rise on optimism OPEC+ meeting will result in supply cut
Thursday, 9 April 2020 13:05 WIB

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures rose 1.2%, or 41 cents, to $33.25 a barrel as of 05...

Crude futures climb ahead of OPEC+ meeting
Thursday, 9 April 2020 09:17 WIB

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures rose 2.5%, or 81 cents, to $33.65 as of 00:34 ...

Crude Oil Edges Higher Ahead of Producers Meeting
Wednesday, 8 April 2020 20:49 WIB

Oil markets edged higher Wednesday ahead of the weekly update on U.S. oil inventories, with investors feeling confident that the world's main oil producers will agree to cut output on the back of the dramatic cut in demand and prices following the coronavirus outbreak. AT 9:25 AM ET (1335 GMT), U.S...

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts
Wednesday, 8 April 2020 09:04 WIB

Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic. Brent crude (LCOc1) was up by 72 cents, or 2.3...

ANOTHER NEWS
China President Pledges Help to South Africa in Coronavirus Fight
Thursday, 9 April 2020 23:55 WIB Chinese President Xi Jinping is offering support and resources to African countries, especially South Africa, in their fight to control the COVID-19 epidemic. China state media said Xi recounted during a Wednesday phone call with South African...

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.