Oil Rises as Industry Report Shows Decline in U.S. Stockpiles
Wednesday, 27 February 2019 08:04 WIB | COMMODITY |MinyakWTIBrent

Oil rose to touch $56 a barrel after an industry report signaled a surprise decline in U.S. crude inventories.

Futures in New York climbed as much as 0.9 percent. U.S. crude stockpiles fell 4.2 million barrels last week, the American Petroleum Institute was said to report, despite expectations for a 3 million-barrel gain. If Energy Information Administration data due Wednesday confirms the drop, it will be the first decline in six weeks.

Russia reduced its oil production by almost 140,000 to 150,000 barrels a day from December, consistent with its commitment to the OPEC+ deal, Energy Minister Alexander Novak said.

WTI for April delivery climbs as much as 50c to $56/bbl on Nymex, trades at $55.94/bbl at 8:34am in Tokyo. Contract +2c to $55.50 on Tuesday.

April Brent rose 45c to $65.21/bbl on ICE Futures Europe exchange on Tuesday. Brent ended session at $9.71 premium to WTI.

Source : Bloomberg

RELATED NEWS

Oil Falls Amid Uncertainty Over Trade War and OPEC Supply Cuts
Friday, 8 November 2019 19:50 WIB

Oil fell as traders awaited more concrete signs that the U.S. and China are resolving their trade dispute, and amid concerns that OPEC and its partners won™t deepen output curbs to prevent a glut. Futures lost as much as 1.9% in New York. The U.S. and China have agreed to roll...

Oil Resumes Gains as Trade Tariff Rollback Counters OPEC Curbs
Thursday, 7 November 2019 19:27 WIB

Oil jumped as China and the U.S. made progress in resolving the trade dispute that has weighed on global markets this year, offsetting signs that OPEC and its partners won™t make deeper cuts to supply. Brent crude rose as much as 1.5% in London, reversing much of Wednesday™s 1.9% decline. ...

Oil Slips From Six-Week High on Signs U.S. Supplies Rose Again
Wednesday, 6 November 2019 18:18 WIB

Oil retreated from a six-week high as signs of another increase in U.S. crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures lost as much as 0.8% in New York after rising 5.6% over the past three sessions. The American Petroleum Institute reported&nbs...

Oil Gains After U.S., Chinese Data Improve Demand Outlook
Monday, 4 November 2019 18:28 WIB

Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook and Saudi Aramco said it would go ahead with its long-awaited initial public offering. Futures rose 0.8% in New York after jumping on Friday. U.S. Commerce Secretary Wilbur Ro...

Oil Set for Biggest Weekly Loss in a Month on Trade-Deal Doubts
Friday, 1 November 2019 14:03 WIB

Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term trade deal between the U.S. and China suggested supply will keep outpacing demand. Futures edged higher in New York on Friday, but are down 4.1% this week. Chinese officials ar...

POPULAR NEWS
Monday, 11 November 2019 15:32
Hong Kong Stocks End With Steep Losses
Tuesday, 12 November 2019 07:50
Asia shares turn sluggish ahead of Trump speech
ANOTHER NEWS
Hong Kong Stocks Sink as Violent Unrest Hits City (Review)
Thursday, 14 November 2019 04:31 WIB Hong Kong stocks plunged Wednesday as investors braced for further unrest following days of violent protests that have almost ground parts of the city to a halt, with police warning it was close to "total collapse". After more than five months of...

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.