DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Oil Extends Losses as U.S.-China Relations Deteriorate Further
Tuesday, 6 August 2019 08:10 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil extended losses as the U.S. labeled China a currency manipulator, escalating the trade war between the world's two biggest economies and sparking a sell-off in risk assets.

Futures in New York fell as much as 1.8% after declining 1.7% on Monday. The U.S. Treasury Department made the determination after Beijing allowed the yuan to weaken to the lowest level in more than a decade, while President Donald Trump called the move a œmajor violation. Brent crude dropped below $60 a barrel for the first time in almost two months and more than $700 billion was wiped from the value of U.S. equities.

West Texas Intermediate oil for September delivery fell 47 cents, or 0.9%, to $54.22 a barrel on the New York Mercantile Exchange as of 8:31 a.m. Singapore time after dropping 97 cents earlier. The contract decreased 97 cents to close at $54.69 on Monday.

Brent for October settlement lost 40 cents, or 0.7%, to $59.41 a barrel on the London-based ICE Futures Europe Exchange. It slumped $2.08 to $59.81 on Monday, the lowest since mid-January. The contract traded at a premium of $5.30 to WTI for the same month.

Source : Bloomberg

RELATED NEWS
Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth...
Saturday, 25 January 2020 03:00 WIB

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer...

Oil Set for Weekly Slump as Asia Virus Adds to Demand Concerns...
Friday, 24 January 2020 18:37 WIB

Oil headed for a 5% loss this week amid fears that China™scoronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held abov...

Oil steadies, but concern over spreading China virus weighs...
Friday, 24 January 2020 09:58 WIB

Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so...

U.S. oil futures mark lowest settlement since late November...
Friday, 24 January 2020 03:11 WIB

Oil futures fell sharply on Thursday, sending U.S. prices to their lowest settlement since late November, as the spread of coronavirus raised worries about the global economy and energy demand. "All ...

Oil Prices Pare Losses as EIA Reports a Modest, Unexpected Weekly Fall in U.S. Crude-Oil Supplies...
Thursday, 23 January 2020 23:16 WIB

Oil prices pared some of their earlier losses on Thursday after weekly data from the Energy Information Administration revealed that U.S. crude supplies fell by 400,000 barrels for the week ended Jan....

POPULAR NEWS

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.