Oil prices close to new multiweek high as traders weigh G-20 trade uncertainty, supply factors
Friday, 28 June 2019 02:45 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent
Oil prices looked set Thursday to notch new multiweek highs, as global markets awaited pivotal trade discussions out the Group of 20 leaders summit, Iran issues simmered and the global supply picture took shape.
The move followed a roughly 3% price surge Wednesday for U.S. prices, seen on data showing a weekly drop of nearly 13 million barrels in domestic crude supplies.
In Thursday dealings, August West Texas Intermediate crude added 14 cents, or 0.2%, at $59.52 a barrel. Prices on the New York Mercantile Exchange were on track to log another settlement at the highest for a front-month contract since May 22, according to Dow Jones Market Data. Month to date, prices trade roughly 11% higher.
International benchmark August Brent crude was up 23 cents, or 0.4%, at $66.72 a barrel. It finished a day earlier at $66.49 on ICE Futures Europe”the highest settlement in about a month. The contract expires at the end of Friday™s session.
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...