Oil Treads Water Ahead of U.S. Inventory Data; China, Iran Worries Hold
Tuesday, 13 August 2019 03:27 WIB | COMMODITY |MinyakWTIBrent

Oil prices were little changed Monday on uncertainty over whether U.S. crude inventories fell or rose last week. The market opened to another tense week amid worries that China may end up buying Iranian oil, escalating its trade war with the United States.

New York-traded West Texas Intermediate crude settled up 43 cents, or 0.8%, at $54.93 per barrel.

London-traded Brent crude, the benchmark for oil outside of the U.S., was up four cents to $58.57.

WTI rallied sharply on Thursday and Friday, but still ended last week down 2% after data showing an across-the-board jump in U.S. oil stockpiles for the week ended Aug 2.

Source : Investing.com

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
Asia shares camp on high ground, oil up on Libya shutdown
Monday, 20 January 2020 08:28 WIB Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Oil prices jumped as oilfields in southwest Libya began shutting down after...

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.