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 Resumes Rise, Lifted by Supply Cuts and Pickup in Demand
Tuesday, 26 May 2020 18:31 WIB

Oil futures traded higher Tuesday, with crude up as traders return from a three-day weekend in the U.S. and U.K., encouraged by continued cuts in production and a pickup in demand as lockdowns ease around the world with the coronavirus pandemic receding. West Texas Intermediate crude for July deliv...

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy
Monday, 25 May 2020 08:31 WIB

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold Wa...

Oil Prices Settle Lower on Fears About China Turbulence, But Score a Weekly Gain
Saturday, 23 May 2020 02:38 WIB

Oil futures settled lower Friday, with U.S. prices breaking the longest winning streak in more than a year over worries about China growth and fresh friction between Washington and Beijing. July West Texas Intermediate oil fell 67 cents, or 2%, to settle at $33.25 a barrel on the New York Mercantil...

Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak
Friday, 22 May 2020 18:31 WIB

Oil prices slumped on Friday after China™s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world™s second-largest oil user. Brent crude fell $1.70, or 4.7%, to $34.36 a barrel, after ...

Oil Falls as China Omits 2020 Growth Target amid Pandemic
Friday, 22 May 2020 12:56 WIB

Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world's second-largest oil user. Brent crude was trading down $1.38, or 3.8%, at $34.68 a barrel by 04:20 GMT, after f...

ANOTHER NEWS
Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes
Tuesday, 26 May 2020 19:20 WIB Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal. Gold for...

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.