Oil Holds Gains as OPEC Cuts Overshadow Global Economic Risks
Tuesday, 22 January 2019 08:13 WIB | COMMODITY |MinyakWTIBrent

Oil held gains near a two-month high as the OPEC+ coalition™s output cuts overshadowed concerns over global economic outlook.

Futures in New York were little changed. Bullish signals from the Organization of Petroleum Exporting Countries and its allies on production cuts have eased investors™ concerns about a supply glut. Still, trade tensions are keeping a lid on prices as Chinese President Xi Jinping signaled fresh concerns about implications of the slowing economy while the International Monetary Fund cutits global growth forecast.

WTI for Feb. delivery, which expires on Tuesday, trades +17c at $53.97/bbl on Nymex, , at 9:08am in Tokyo.

More active March contract +17c at $54.21.

There was no settlement on Monday because of the Martin Luther King Jr. holiday in the U.S.; all transactions will be booked on Tuesday.

March Brent +4c to $62.74/bbl on ICE Futures Europe exchange on Monday.

Source : Bloomberg

RELATED NEWS

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply
Friday, 17 January 2020 19:20 WIB

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits ...

Oil Near Six-Week Low as Ample Supply Offsets Trade Hopes
Thursday, 16 January 2020 18:29 WIB

Oil traded near its lowest closing level in six weeks as cautious hopes that the U.S.-China trade pact will support demand were offset by signs of ample supply. Futures held near $58 a barrel on Thursday after settling the previous day at the lowest since Dec. 3. While the deal between Washing...

Oil Holds Biggest Weekly Drop Since July on Easing Gulf Tension
Monday, 13 January 2020 19:50 WIB

Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year. The threat of an outright war has receded since Tehran fired missiles at U.S.-Iraqi bases last week in reta...

Oil Prices Continue to Fall as U.S.-Iran Tensions Ease, Set for Weekly Loss
Friday, 10 January 2020 13:54 WIB

Oil prices continued to fall on Friday in Asia and were set to record their first weekly loss since November as U.S.-Iran conflict cooled. U.S. Crude Oil WTI Futures dropped 0.2% to $59.48 by 12:50 AM ET (04:50 GMT), while International Brent Oil Futures slipped 0.1% to $65.32. The U.S. House of R...

Oil Set for First Weekly Loss Since November on Receding Risk
Friday, 10 January 2020 07:29 WIB

Oil headed for its first weekly loss since November as the prospect of an open war in the Persian Gulf receded, easing fears of a supply disruption in the Middle East. Futures in New York were little changed, set to decline more than a 5% this week. The U.S. House of Representatives voted...

ANOTHER NEWS
Oil rout extends to sixth day as China virus death toll rises
Tuesday, 28 January 2020 18:23 WIB Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears. Brent crude (LCOc1) was...

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.