Oil Holds Losses Near $65 After Surprise Gain in U.S. Stockpiles
Thursday, 16 August 2018 07:45 WIB | ENERGY |Minyak WTIMinyak jenis Brent
Oil held losses near $65 a barrel after government data showed a surprise gain in U.S. stockpiles.
Futures in New York were little changed after a 3 percent decline on Wednesday. U.S. crude inventories rose by 6.81 million barrels last week, while those at the Cushing storage hub in Oklahoma expanded for the first time since May, the Energy Information Administration reported.
West Texas Intermediate crude for September delivery traded at $64.81 a barrel on the New York Mercantile Exchange, down 20 cents, at 9:15 a.m. in Tokyo. The contract declined $2.03 to $65.01 on Wednesday. Total volume traded was about 74 percent below the 100-day average.
Brent for October settlement traded at $70.70 a barrel on the London-based ICE Futures Europe exchange, down 6 cents. Prices dropped $1.70 to $70.76 on Wednesday. The global benchmark traded at a $6.44 premium to WTI for the same month.
Saturday, 14 September 2019 02:24 WIB
Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-Ch...
Friday, 13 September 2019 20:11 WIB
Oil futures inched higher Friday, but both U.S. and international benchmark crude were headed for sharp weekly falls as worries about the prospect of rising inventories appeared to overshadow a moment...
Friday, 13 September 2019 13:10 WIB
Oil futures fell on Friday as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging b...
Friday, 13 September 2019 08:24 WIB
Oil is set for its biggest weekly loss in nearly two months as the International Energy Agency warned of a looming supply glut, while OPEC and its allies urged members to maintain, rather than de...
Friday, 13 September 2019 02:50 WIB
Barely a week after appearing like they'd won the market back, oil bulls were at a loss again on Thursday as crude prices tumbled for a third-straight day on concerns that sanctioned Iranian supplies ...