Oil Sees First Rebound in a Week, Eyes on Stockpiles Data
Wednesday, 29 January 2020 03:56 WIB | COMMODITY |BrentWTIMinyak

Oil prices rose for the first time in a week on Tuesday as investors tried to look beyond the coronavirus and its debilitating impact on markets, though crude™s real test might come from impending weekly stockpiles data.

New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled up 34 cents, or 0.6%, at $53.48. It sunk to a near four-month low $52.16 on Monday.

Brent, the London-traded global benchmark for crude oil, closed up 19 cents, or 0.3 percent, at $59.51. In the previous session, Brent tumbled to $57.74, its lowest level since October 8.

Crude rose as investors tried to shrug off pessimism brought on by the viral outbreak from China that has dealt the worst blow to energy demand since 2018. Analysts have estimated that the crisis and its impact on travel and other business could cause the energy industry lost consumption in hundreds of thousands of barrels of oil, including jet fuel.

Source : Investing.com

RELATED NEWS

Oil Recovery Falters in Face of Renewed Concern Over Virus
Friday, 21 February 2020 19:08 WIB

Oil fell, paring this week™s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China™s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore started rolling o...

Oil Steady After 7-Day Rally on Supply Outlook and Stimulus Hope
Thursday, 20 February 2020 19:40 WIB

Oil steadied in London after the longest rally in a year on signs of tighter global supply, and hopes that Chinese economic stimulus will cushion fuel demand from the impact of the coronavirus. Brent traded near $59 a barrel after gaining 11% during a seven-day advance. The U.S. projected that...

Oil Hits Two-Week High on China Stimulus Hopes, Supply Risks
Wednesday, 19 February 2020 18:49 WIB

Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus, and as a number of OPEC nations faced threats to their production. Brent futures increased for a seventh day, the longest run of gains since early 2019, even as Chinese re...

Oil Steady as Asian States Seek to Offset Virus Hit to Economies
Monday, 17 February 2020 19:09 WIB

Oil steadied near $57 a barrel in London as China and other Asian states promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand. Prices recovered more than 5% last week, the biggest gain since September, as some of the fears over how far the inf...

Oil Prices Steady Amid Possibility of Deeper Supply Cuts
Friday, 14 February 2020 12:59 WIB

Oil prices steadied on Friday in Asia amid possibility of deeper supply cuts from major producers. U.S. Crude Oil WTI Futures inched up 0.1% to $51.48 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures was little changed at $56.35. The Organization of the Petroleum Exporting Countries (OP...

ANOTHER NEWS
Hong Kong stocks sharply down at open
Monday, 24 February 2020 08:54 WIB Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite...

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.