Oil Rises as Libyan Oilfields Shut Down
Monday, 20 January 2020 18:55 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.
Brent crude was up 37 cents, or 0.6%, at $65.22 by 0952 GMT, having earlier touched $66 a barrel, the highest since Jan. 9.
The West Texas Intermediate contract was 24 cents, or 0.4%, higher at $58.78 a barrel, after rising to $59.73, the highest since Jan. 10.
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
Source : Reuters
Saturday, 15 February 2020 03:04 WIB
Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central b...
Friday, 14 February 2020 18:27 WIB
Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese c...
Friday, 14 February 2020 02:48 WIB
Oil prices edged higher on Thursday, as investors hoped the world™s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbr...
Thursday, 13 February 2020 19:28 WIB
Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer.
Brent crude fell 34 ...
Thursday, 13 February 2020 02:52 WIB
Oil jumped more than 3% at the high on Wednesday as traders eyed deeper production cuts from OPEC, and as China reported the lowest number of new coronavirus cases since the end of January, easing con...