Oil Pares Gains As Investors Wait To See If Coronavirus Stimulus Works
Thursday, 19 March 2020 13:20 WIB | COMMODITY |BrentWTIMinyak

Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring up the global economy as the shock from the coronavirus pandemic deepens.

Bucking panic selling in other financial markets, Brent crude (LCOc1) was up 37 cents, or 1.1% at $25.25 a barrel by 03:55 GMT, having earlier risen to $27.19. The global benchmark slumped 13% on Wednesday in a third day of relentless selling.

U.S. oil (CLc1) gained $1.44, or 7.1%, to $21.81 after surging nearly 20% earlier. The U.S. benchmark dropped nearly 25% in the previous session.

Among the latest moves by a major central bank to try to mitigate the spiraling economic and financial fallout from the epidemic, the European Central Bank kicked off a 750 billion euro ($820 billion) emergency bond purchase scheme after an unscheduled meeting on Wednesday.

Source : Reuters

RELATED NEWS

Oil Prices Fall As U.S. Fuel Demand Remains Weak
Friday, 29 May 2020 08:38 WIB

Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world™s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude LCOc1 slipped 36 cents, or 1%, to $34.93 a barrel by 0106 GMT and U.S. West Texas Inter...

Oil Drops On Worse Than Feared Rise In U.S. Fuel Stocks
Thursday, 28 May 2020 08:33 WIB

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia™s commitment to deep oil p...

Oil Slips On Demand Worries, Hong Kong Tensions
Wednesday, 27 May 2020 11:54 WIB

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment. Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT. U.S. West Texas Interme...

Oil Falls On Demand Concerns, U.S.-China Tensions
Wednesday, 27 May 2020 08:02 WIB

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to pressure. Brent crude LCOc1 futures fell 40 cents, or 0.7%, to $35.77 by 0009 GMT, after falling 1.8% on Tue...

Oil Prices Rise On Supply Cut Hopes, Easing Of Coronavirus Lockdowns
Tuesday, 26 May 2020 12:28 WIB

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world. U.S. West Texas Intermediate (WTI) crude futures gained...

ANOTHER NEWS
Trump and Macron Agree to Hold a G7 Meeting in the White House
Friday, 29 May 2020 10:38 WIB The White House said United States President Donald Trump and French President Emmanuel Macron agreed the G7 Group meeting should hold a direct and immediate meeting. The two leaders opposed the country after a telephone discussion on Thursday...

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.