Thursday, 26 April 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Slips After Hitting $70 Amid Tighter Global Supplies
Friday, 12 January 2018 21:18 WIB | ENERGY |MinyakWTIBrentOil,

Oil slipped in London after briefly climbing above $70 a barrel for the first time in three years as a global surplus recedes.

Brent futures declined 0.6 percent, having added 1.8 percent this week in a fourth weekly increase. The longest sequence of declines in U.S. crude stockpiles during winter in a decade -- a result of rising demand and OPEC™s output cuts -- was a key driver of the rally. Prices may have peaked for now, according to Stockholm-based bank SEB AB.

Brent for March settlement lost 38 cents to $68.88 a barrel on the London-based ICE Futures Europe exchange at 1:49 p.m., after rising 6 cents on Thursday. The global benchmark traded at a premium of $5.72 to March West Texas Intermediate.

WTI for February delivery was at $63.20 a barrel on the New York Mercantile Exchange, down 60 cents. Total volume traded was about 11 percent above the100-day average. Prices are up 2.9 percent this week. WTI gained 23 cents to $63.80 on Thursday, the highest close since December 2014.

Source: Bloomberg

RELATED NEWS
Oil Extends Gains as Macron Predicts U.S. to Exit From Iran Deal...
Thursday, 26 April 2018 10:43 WIB

Minyak mempertahankan kenaikan di atas $ 68 per barel karena Presiden Prancis Emmanuel Macron meramalkan Presiden AS Donald Trump akan menarik diri dari kesepakatan nuklir Iran, satu hari setelah ia m...

Oil Holds Gains as Macron Predicts U.S. Will Exit From Iran Deal...
Thursday, 26 April 2018 08:02 WIB

Minyak mempertahankan kenaikan di atas $ 68 per barel karena Presiden Prancis Emmanuel Macron meramalkan Presiden AS Donald Trump akan menarik diri dari kesepakatan nuklir Iran, satu hari setelah ia m...

Oil bounces back in volatile trade after U.S. supply data...
Thursday, 26 April 2018 02:59 WIB

Harga minyak berakhir lebih tinggi pada Rabu di perdagangan volatile, dengan kekhawatiran seputar Iran dan risiko terhadap pasokan minyak mentah global membantu menghapus kerugian sebelumnya yang dise...

Oil Holds Loss as Hope of New Iran Deal Eases Sanction Concern...
Wednesday, 25 April 2018 15:00 WIB

Minyak menahan kerugian di bawah $ 68 per barel setelah Presiden Prancis Emmanuel Macron menyerukan kesepakatan baru nuklir Iran untuk menjaga AS sebagai komite, meningkatkan spekulasi sanksi terhadap...

Oil Holds Decline as Iran Deal Proposal Eases Sanctions Concern...
Wednesday, 25 April 2018 10:30 WIB

Minyak menahan kerugian di bawah $ 68 per barel setelah Presiden Prancis Emmanuel Macron mengusulkan negosiasi kesepakatan nuklir baru dengan Iran untuk menjaga agar AS tetap di atas, mengurangi kekha...

LATEST NEWS
Tokyo Stocks Close Higher as Yen Stays Weak

Tokyo stocks closed higher Thursday as a cheaper yen helped boost market sentiment, with investors pursuing shares in companies expected to report brisk earnings. The benchmark Nikkei 225 index gained 0.47 percent, or 104.29 points, to end at...

Gold Holds Near Five-Week Low as Dollar Strengthens

Gold holds drop after dollar strengthens to 3-month high and Treasury prices extend losses. Bullion for immediate delivery little changed at $1,323.71/oz at 12:47pm in Singapore after closing at lowest since March 20: Bloomberg generic...

Oil Extends Gains as Macron Predicts U.S. to Exit From Iran Deal

Oil extended advances above $68 a barrel as French President Emmanuel Macron predicted U.S. President Donald Trump will withdraw from the Iran nuclear deal, one day after he proposed a new accord to keep America on board. Futures in...

POPULAR NEWS
Gold Futures Fall to 2-Week Low as Haven Demand Wanes
Tuesday, 24 April 2018 01:34 WIB

Gold declines to a 2-week low as demand for a haven eased amid cooling geopolitical tensions and a rally in the dollar. Bullion futures...

Gold On The Defensive - Peter Hug
Tuesday, 24 April 2018 05:44 WIB

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the...

Gold futures settle higher for first time in four sessions
Wednesday, 25 April 2018 01:10 WIB

Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven...

Gold prices settle at lowest in 5 weeks
Thursday, 26 April 2018 00:51 WIB

Gold prices settled with a loss on Wednesday, as strength in the U.S. dollar and Treasury yields and some gains in the stock market combined to push...