Sunday, 18 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
EIA reports a fall in U.S. crude supplies for a second week in a row
Wednesday, 16 May 2018 21:42 WIB | ENERGY |MinyakWTIBrentOil,

The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 1.4 million barrels for the week ended May 11.

Analysts surveyed by S&P Global Platts had forecast a decline of 2.3 million barrels, but the American Petroleum Institute on Tuesday reported a rise of nearly 4.9 million barrels, according to sources.

June crude was down 31 cents, or 0.4%, to $71 a barrel on the New York Mercantile Exchange, up from $70.73 before the supply data.

Gasoline stockpiles fell by 3.8 million barrels for the week, while distillate stockpiles inched down by 100,000 barrels, according to the EIA. The S&P Global Platts survey forecast supply declines 2 million barrels for gasoline and 1.3 million barrels for distillates.

Source: Marketwatch

RELATED NEWS
U.S. Oil Futures Tally Gains For The Session And Week...
Saturday, 17 August 2019 02:22 WIB

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian G...

Oil trims gains as OPEC lowers forecast for 2019 world oil-growth demand...
Friday, 16 August 2019 19:05 WIB

Oil futures trimmed gains Friday after the Organization of the Petroleum Exporting Countries, in its monthly report, slightly lowered its outlook for global oil-demand growth this year. OPEC said it n...

Oil Heads for Weekly Gain as Trade War Headlines Whipsaw Market...
Friday, 16 August 2019 14:11 WIB

Oil headed for its first weekly gain this month as trade war news continued to whipsaw the market against the backdrop of rising U.S. stockpiles and a weakening global demand outlook. West Texas...

Oil gains after strong U.S. retail sales help ease recession worries...
Friday, 16 August 2019 08:28 WIB

Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world's biggest economy. Brent...

Oil Ends Down a Second Straight Session on Trade Worries, Recession Fears...
Friday, 16 August 2019 02:43 WIB

Oil futures ended lower Thursday for a second consecutive session, as U.S.-China trade tensions continue to feed worries about a global economic slowdown that could weigh on demand. Prices for natura...

LATEST NEWS
Wall Street Ends Sharply Higher On German Stimulus Optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major U.S. stock averages ended the session...

U.S. Oil Futures Tally Gains For The Session And Week

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian Gulf...," said Marshall Steeves, energy markets...

Gold Futures Settle Lower, Post a Third Straight Weekly Gain

Gold futures fell on Friday, but posted a gain for the week--their third in row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China...

POPULAR NEWS
Gold Ekes Out a Gain to Notch Another Finish at a More Than 6-Year High
Friday, 16 August 2019 01:07 WIB

Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related...

Hong Kong stocks rebound from early losses
Friday, 16 August 2019 04:06 WIB

Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global...

Gold Futures Head For Longest Winning Run Since 2016
Friday, 16 August 2019 15:16 WIB

Gold futures are poised for a sixth weekly advance, the best streak in more than three years, on heightened trade uncertainty and concerns...

Trump Offers 'Personal Meeting' with Chinese Counterpart Over Hong Kong Crisis
Thursday, 15 August 2019 23:36 WIB

With Chinese security forces spotted conducting exercises across the border with Hong Kong, U.S. President Donald Trump says a trade agreement with...