Oil Falls as U.S.-Venezuela Standoff Eases And Rig Count Rises
Monday, 28 January 2019 07:46 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil
Oil fell to near $53 a barrel as a standoff between the U.S. and Venezuela eased, while America™s rig count rose signaling further gains in the nation™s crude production.
Futures in New York dropped as much as 0.9 percent after a three-day surge of 2.1 percent. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washington™s decision to recognize National Assembly leader Juan Guaido as the nation™s rightful head of state. Meanwhile, working oil rigs in the U.S. rose for the first time this year, according to data released Friday by oilfield-services provider Baker Hughes.
WTI for March delivery falls as much as 49c to $53.20/bbl on Nymex, trades at $53.38/bbl at 9:20am in Tokyo. Contract +56c to $53.69 on Friday.
March Brent fell 28c to $61.36/bbl on ICE Futures Europe exchange. Contract +55c to $61.64 on Friday. Brent trades at $8 premium to WTI.
Source : Bloomberg
Saturday, 22 February 2020 02:55 WIB
Oil futures fell on Friday, pressured by the possibility of a breakdown in the oil alliance between Saudi Arabia and Russia, as the market continues to worry that the spread of COVID-19 will slow ener...
Friday, 21 February 2020 13:11 WIB
Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the...
Friday, 21 February 2020 09:23 WIB
Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking ear...
Friday, 21 February 2020 03:09 WIB
Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.
Thursday, 20 February 2020 12:42 WIB
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases ...