Oil Rises as U.S. Dismisses Prospect Of Releasing Crude From The Strategic Reserve
Friday, 28 September 2018 03:18 WIB | COMMODITY |MinyakWTIBrent

Oil climbed on Thursday, with the global benchmark price holding ground at a four-year high, as U.S. officials said the sale of domestic reserves wouldn™t be used to undercut a rally in crude.

Anticipation of supply disruptions caused by the renewal of sanctions on Iran also continued to underpin prices.

Meanwhile, natural-gas futures rallied after U.S. data revealed a smaller-than-expected weekly rise in domestic supplies of the fuel.

November West Texas Intermediate crude rose 47 cents, or 0.6%, to reach $72.04 a barrel on the New York Mercantile Exchange, after losing 1% Wednesday.

Global benchmark November Brent rose 32 cents, or 0.4%, at $81.66 a barrel on the ICE Futures Europe exchange, erasing a decline of nearly 0.7% the day prior. The November Brent contract expires at Friday™s settlement.

Source : Market Watch

RELATED NEWS

Oil Gains More Than 1% On Saudi Supply Doubts, Mideast Tensions
Monday, 23 September 2019 13:22 WIB

Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels. Brent crude futures (LCOc1) increased to as much as $65....

Oil Gains as Report Points to Slow Return of Lost Saudi Output
Monday, 23 September 2019 07:27 WIB

Oil rose sharply in early Monday trading in Asia following a report that full repairs to Saudi oil fields hit by a drone attack earlier this month may take many months. Brent crude rose 1.1% after surging 6.7% last week, its largest weekly gain since January. Saudi Aramco on Saturday reaf...

EIA: US crude oil stocks decreased by 6.9 million barrels
Wednesday, 11 September 2019 21:52 WIB

The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US decreased by 6.9 million barrels in the week ending September 6 compared to analysts estimate for a draw of 2.6 million barrels. Key takeaways from the press releas...

Oil prices extend gains as EIA reports a 4.8 million-barrel weekly fall in U.S. crude supplies
Thursday, 5 September 2019 22:20 WIB

The Energy Information Administration on Thursday reported that U.S. crude supplies declined by 4.8 million barrels for the week ended Aug. 30. On average, analysts polled by S&P Global Platts forecast a fall of 3 million barrels, while the American Petroleum Institute on Wednesday reported an ...

Oil Heads for Biggest Weekly Gain in Seven on Trade War Optimism
Friday, 30 August 2019 18:53 WIB

Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears. Futures in New York fell 0.9% on Friday but are up 3.7% for the week. China said Thursday that it wouldn™t immedia...

POPULAR NEWS
Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
Saturday, 21 September 2019 01:24
Gold Futures Score First Weekly Gain in a Month
ANOTHER NEWS
Stock market opens modestly lower to kick off the week as global growth fears weigh
Monday, 23 September 2019 20:49 WIB U.S. stock-market indexes began Monday morning trade modestly lower, with investors wringing their hands over signs of weakening global growth and the potential for any international slowdown to weigh on domestic expansion. The Dow Jones...

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.