Oil Gains More Than 1% On Saudi Supply Doubts, Mideast Tensions
Monday, 23 September 2019 13:22 WIB | COMMODITY |MinyakWTIBrent

Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels.

Brent crude futures (LCOc1) increased to as much as $65.50 a barrel. The front-month contract was at $64.98, up 70 cents, or 1.09% at 05:29 GMT.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $58.71 a barrel, up 62 cents, or 1.07%, after earlier hitting a high of $59.39.

Despite efforts by top oil exporter Saudi Arabia to reassure global markets it can resume full production by the end of this month after an attack on its largest oil processing facility in mid-September, buyers and traders remained skeptical. The attack knocked out half of the kingdom's oil production.

State oil company Saudi Aramco has switched crude grades and pushed back crude and refined product deliveries to customers by days following the attack.

Source : Reuters

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
Hong Kong stocks head into break with losses
Wednesday, 8 April 2020 11:35 WIB Hong Kong finished the morning on a down note Wednesday following a sell-off on Wall Street as traders continue to fret over the impact of the coronavirus on the global economy. The Hang Seng Index dropped 0.99 percent, or 239.90 points, to...

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.