Oil Falls As Sinking Demand Outweighs Stimulus Hopes
Thursday, 26 March 2020 18:06 WIB | COMMODITY |BrentWTIMinyak

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity.

Brent crude futures fell $1.04, or 3.75%, to $26.35 a barrel by 08:34 GMT. West Texas Intermediate (WTI) crude futures fell 94 cents, or 3.8%, to $23.55 a barrel. Both contracts are down about 60% this year.

The U.S. Senate on Wednesday overwhelmingly backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic.

Source : Reuters

RELATED NEWS

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...

Oil Climbs As Suppliers Stick To Output Cuts, Coronavirus Lockdowns Ease
Tuesday, 26 May 2020 08:40 WIB

Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. Th...

Oil At Highest Since March On Lower U.S. Inventories, Recovering Demand
Thursday, 21 May 2020 19:05 WIB

Oil rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions on people™s movements imposed due to the coronavirus crisis. Crude prices have slumped in 2020, with global benchmark Brent hitti...

Oil Futures Settle Higher For The Session, With U.S. Prices Up 19% For The Week
Saturday, 16 May 2020 02:14 WIB

Oil futures settled higher Friday, with U.S prices up 19% for the week, finding support from recent output-cut announcements by major producers, falling U.S. production and expectations for a rise in demand as parts of the global economy ease pandemic-related lockdowns. June West Texas Intermediate...

Oil Futures Up Sharply, With U.S. Prices Near A 6-Week High
Friday, 15 May 2020 02:48 WIB

Oil futures rose sharply Thursday, lifting U.S. prices to their highest in nearly six weeks, on the back of recent pledges by major oil producers to cut output, as the International Energy Agency pointed to a tightening of the supply picture later in the year. The move for prices comes a day after ...

ANOTHER NEWS
Oil Resumes Rise, Lifted by Supply Cuts and Pickup in Demand
Tuesday, 26 May 2020 18:31 WIB Oil futures traded higher Tuesday, with crude up as traders return from a three-day weekend in the U.S. and U.K., encouraged by continued cuts in production and a pickup in demand as lockdowns ease around the world with the coronavirus pandemic...

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.