Oil prices gain after bigger-than-expected fall in U.S. stockpiles
Wednesday, 11 September 2019 12:59 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent
Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast.
Brent crude futures (LCOc1) rose 51 cents, or 0.6%, to $62.89 a barrel by 04:05 GMT, while West Texas Intermediate (WTI) futures (CLc1) were up 54 cents, or 0.9%, to $57.94 a barrel.
Prices had ended lower on Tuesday, squeezed by speculation of sanctions-hit Iranian crude returning to the market following U.S. President Donald Trump's move to fire national security adviser John Bolton, a noted Iran policy hawk.
But they rebounded after American Petroleum Institute (API) data late on Tuesday showed U.S. crude oil and gasoline stocks fell last week, while distillate stocks built.
Source : Reuters
Saturday, 19 October 2019 03:44 WIB
Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report r...
Friday, 18 October 2019 19:07 WIB
Oil rose for a third day in New York amid low trading volumes, recouping most of this week™s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies.
Friday, 18 October 2019 13:25 WIB
Oil prices fell on Friday after China, the world™s largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United Stat...
Friday, 18 October 2019 09:54 WIB
Oil headed for a weekly drop as optimism over U.S.-China trade detente was tempered by signs it will still be hard to reach even a limited deal, while American crude inventories data painted a mixed p...
Thursday, 17 October 2019 22:12 WIB
The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 9.3 million barrels in the week ending October 11, c...