Oil Falls, Even as Trump Tightens Sanctions on Venezuela
Wednesday, 7 August 2019 03:41 WIB | COMMODITY |MinyakWTIBrent

Venezuela,the almost-forgotten name in U.S. sanctions returned to the fore of the oil market on Tuesday as the Trump administration ratcheted up action against the South American country in a move that only briefly lifted crude prices.

New York-traded West Texas Intermediate crude settled down $1.06, or 1.9%, at $53.63 per barrel. It rose as much as 73 cents earlier.

London-traded Brent crude, the benchmark for oil outside of the U.S., remained under the key $60 per barrel support. By 2:55 PM ET, it was down 68 cents, or 1.1%, at $59.13. It gained 74 cents earlier.

U.S. President Donald Trump signed an executive order late Monday to declare a total economic embargo against Venezuela, freezing all of the government™s assets and prohibiting transactions with the country, unless specifically exempted.

Source : Investing.com

RELATED NEWS

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 ...

Oil Prices Could Soon Turn Negative As The World Runs Out Of Places To Store Crude
Wednesday, 1 April 2020 19:18 WIB

Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world™s most powerful crude producers start to ramp up their output. The coronavirus pandemic has meant countries have effective...

ANOTHER NEWS
Saudi Arabia Says It Could Reach 200,000 Coronavirus Infections
Wednesday, 8 April 2020 10:58 WIB The new coronavirus could eventually infect between 10,000 and 200,000 people in Saudi Arabia, the kingdom's health minister said on Tuesday, urging the public to adhere more closely to state directives against mixing and movement. The country 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.