U.S. oil futures mark first climb in three sessions
Tuesday, 3 December 2019 03:14 WIB | ENERGY |Minyak WTI
U.S. benchmark oil futures settled higher on Monday for the first time in three sessions, getting a lift following a report that the Organization of the Petroleum Exporting Countries and its allies may agree later this week to deeper production cuts.
Reuters reported the group of producers, collectively known as OPEC+, may consider increasing output reductions by 400,000 barrels a day to 1.6 million barrels a day. Against that backdrop, January West Texas Intermediate oil tacked on 79 cents, or 1.4%, to settle at $55.96 a barrel on the New York Mercantile Exchange.
Prices posted losses on Wednesday and Friday, with trading closed Thursday for the Thanksgiving holiday.
Saturday, 7 December 2019 03:13 WIB
Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June.
Prices got a lift after the Organization of the Petroleum...
Friday, 6 December 2019 19:31 WIB
Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna.
The Organization of the Petroleum Exporting Countries (OPEC) and allies includin...
Friday, 6 December 2019 03:12 WIB
Oil futures ended on a mixed note Thursday, with U.S. prices settling unchanged for the session and global prices higher, as traders awaited a decision on output from major oil producers, following re...
Thursday, 5 December 2019 19:00 WIB
Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.
Sources told Reuters that O...
Thursday, 5 December 2019 03:17 WIB
Oil futures settled sharply higher on Wednesday, with U.S. prices at their highest finish in almost two weeks as U.S. government data showed the first decline in domestic crude supplies in six weeks.