Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts
Wednesday, 8 April 2020 09:04 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI

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%, at $32.59 per barrel by 00:44 GMT after falling 3.6% on Tuesday. U.S. West Texas Intermediate (WTI) crude (CLc1) rose $1.30, or 5.5%, to $24.93 a barrel after dropping 9.4% in the previous session.

Thursday's meeting between members of the Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, is widely expected to be more successful than their gathering in early March. That ended in failure to extend cuts and a price war between Saudi Arabia and Russia amid slumping demand.

Source : Reuters

RELATED NEWS

Oil Hits Three-Month High Over Hopes For Output Cuts
Wednesday, 3 June 2020 09:46 WIB

Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic. Brent crude was up 22 cents, or 0.6%, at $39.79, by 0003 GMT, the highest since March 6, having gained 3.3% on Tuesday. U.S. West Tex...

Oil rises nearly 4% ahead of OPEC+ meeting, easing lockdowns
Wednesday, 3 June 2020 01:48 WIB

Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns. West Texas Intermediate crude climbed $1.37, or ...

Oil Futures Rise on Hope of Extension of Global Production Cuts
Tuesday, 2 June 2020 18:54 WIB

Crude-oil futures on Tuesday headed higher, at least partly supported by reports that major producers may agree to extend output cuts that terminate at the end of June to further steady oil prices. Reuters has reported that the Organization of the Petroleum Exporting Countries and notably major pro...

Oil Edges Higher With OPEC+ Decision on Output Cuts in Focus
Tuesday, 2 June 2020 12:50 WIB

Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs. Futures in New York rose around 1% after closing little changed Monday. Saudi Arabia favors keeping the curbs -- which are set to start easing from July -- in place for an ex...

Oil Prices Hold Ground Ahead of OPEC+ Meeting on Extended Output Cuts
Tuesday, 2 June 2020 09:01 WIB

Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT. U.S. West Texas Inter...

ANOTHER NEWS
Stock Futures Rise as Wall Street Optimism Grows Over Reopening of The Economy
Wednesday, 3 June 2020 17:09 WIB U.S. stock futures rose in early trading on Wednesday as markets continued to rally on optimism over economies emerging from coronavirus-led shutdowns. Dow futures implied an opening gain of about 180 points. Futures for the S&P 500 and Nasdaq...

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.