Oil gains amid assessment of China virus impact, possible OPEC supply cuts
Wednesday, 29 January 2020 13:40 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI
Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices.
Brent crude (LCOc1) rose 85 cents, or 1.43%, to $60.36 a barrel by 04:18 GMT. U.S. crude was up 75 cents, or 1.4%, at $54.23 a barrel.
Financial markets that have been hit by the spread of the new virus out of China and its rising death toll are taking stock of the economic fallout, helped by comments from the head of the World Health Organization supporting Beijing's efforts to beat the outbreak.
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...