Oil prices surge after two tankers reportedly attacked near Strait of Hormuz
Thursday, 13 June 2019 18:16 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent
Crude prices surged Thursday, rebounding from a bruising prior session after reports that two oil tankers had been attacked in the Gulf of Oman, with fresh tensions in that region potentially posing a threat to global supplies.
West Texas Intermediate crude for July delivery jumped $1.36, or 2.7%, to $52.53 a barrel, but rose to as high as $53.11 a barrel. Gains were in contrast to a 4% drop that took oil prices down to $51.14 on Wednesday, marking the lowest front-month contract finish since Jan. 14, according to Dow Jones Market Data.
August Brent crude jumped $2.18, or 3.6%, to $62.13 a barrel, but gained as much as 4% as reports of the tanker attacks surfaced. The prior session saw Brent tumble 3.7% to $59.97 a barrel, the lowest front-month finish since Jan. 28.
Source : MarketWatch
Saturday, 23 May 2020 02:38 WIB
Oil futures settled lower Friday, with U.S. prices breaking the longest winning streak in more than a year over worries about China growth and fresh friction between Washington and Beijing.
Friday, 22 May 2020 18:31 WIB
Oil prices slumped on Friday after China™s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in...
Friday, 22 May 2020 12:56 WIB
Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world's second-larg...
Friday, 22 May 2020 09:18 WIB
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were impos...
Thursday, 21 May 2020 14:07 WIB
Oil prices rose on Thursday to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, offsetting fears over the...