Oil Prices Jump as Tension Rises in Strait of Hormutz
Monday, 22 July 2019 19:07 WIB | COMMODITY |MinyakWTIBrent

Oil prices traded sharply higher on Monday as tensions mounted between the U.K. and Iran, increasing expectations that tensions in the Persian Gulf could potentially lead to a disruption of crude supply.

New York-traded West Texas Intermediate crude futures rose 75 cents, or 1.4%, to $56.38 a barrel by 7:51 AM ET (11:51 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., gained 80 cents, or 1.3%, to $63.27.

U.K. Prime Minister Theresa May was set to hold an emergency meeting on Monday to discuss with British ministers the appropriate action to take to maintain the security of shipping in the Strait of Hormuz, the bottleneck for the shipping of about one-fifth of world™s oil.

That comes after a British-flagged tanker was seized by Iran in the Persian Gulf last Friday and is the latest development in heightened tensions in the region, particularly between Washington and Tehran.

The U.S. accused Iran of being behind two tanker attacks in the region since May and threatened on Friday to down any Iranian drones that fly too close to its ships.

Source : Investing.com

RELATED NEWS

Oil Futures Settle Higher As Traders Expect OPEC+ To Cut Production
Thursday, 9 April 2020 02:08 WIB

Oil futures settled higher on Wednesday, a day ahead of a meeting of major oil producers that's expected to produce an agreement to cut global crude production. May West Texas Intermediate oil rose $1.46, or 6.2%, to settle at $25.09 a barrel on the New York Mercantile Exchange, following a loss of...

Oil Futures End Lower After EIA Cuts Price Forecasts
Wednesday, 8 April 2020 02:09 WIB

Oil futures settled lower on Tuesday, giving up earlier gains after the Energy Information Administration lowered its U.S. and global benchmark crude price forecasts for this year and next. Traders also weighed prospects for a global output cut when major producers meet later this week. May West T...

U.S. Oil Prices Mark First Loss In 3 Sessions
Tuesday, 7 April 2020 02:10 WIB

Oil futures settled with a loss on Monday, with U.S. prices down for the first time in three sessions. A key meeting of major oil producers that was originally expected Monday was pushed to Thursday, contributing to uncertainty in the market as traders await news potential crude production cuts. M...

Brent Oil Rises Above $32 On Hopes Of Output Deal
Friday, 3 April 2020 18:52 WIB

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply. Brent crude LCOc1 futures were up 9.3%, or $2.79, at $32.73 a barrel by 10:14 GMT. Brent soared as much as 47% on Thursday for its highest intraday percentage...

Oil Rallies 10% After Trump Says He Expects Saudi Arabia-Russia Feud To End Soon
Thursday, 2 April 2020 19:26 WIB

Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month. West Texas Intermediate futures surged by $2.11, or 10.4%, to $22.42 per barrel. International benchmark ...

ANOTHER NEWS
Hong Kong stocks higher at lunch
Thursday, 9 April 2020 11:18 WIB Hong Kong stocks finished the morning session on a positive note Thursday following a surge on Wall Street fuelled by hopes that the coronavirus crisis could be reaching a peak. The Hang Seng Index rose 0.70 percent, or 167.08 points, to 24,137.45...

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.