Monday, 20 May 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Sink as OPEC Delays Decision on Output Until Friday
Friday, 7 December 2018 03:58 WIB | ENERGY |MinyakWTIOil,

Oil futures settled lower on Thursday amid ongoing uncertainty surrounding the Organization of the Petroleum Exporting Countries' decision on production cuts, which the group has postponed until Friday, when it meets with non-member producers.

Oil prices were under pressure, "somewhat reflecting the selloff in stocks, some reflecting skepticism OPEC will come through with sufficient production cuts to support prices," said Rob Haworth, senior investment strategist at U.S. Bank. "U.S. production remains robust, although if prices remain close to these low levels production growth could falter. For now we believe prices remain under pressure, even if OPEC can come through with production cuts," he said.

January West Texas Intermediate oil lost $1.40, or 2.7%, to settle at $51.49 a barrel on the New York Mercantile Exchange.

Source : Marketwatch

RELATED NEWS
Oil falls for the session, but gains for the week ahead of OPEC committee meeting...
Saturday, 18 May 2019 03:04 WIB

Minyak berjangka berakhir lebih rendah pada Jumat, dengan harga A.S. turun untuk pertama kalinya dalam empat sesi, tetapi naik untuk pekan ini, seiring setiap kekhawatiran permintaan potensial terkait...

Oil Set for Biggest Weekly Gain Since Early April on Gulf Angst...
Friday, 17 May 2019 13:02 WIB

Minyak menuju kenaikan mingguan terbesar sejak awal April terkait ketegangan di Timur Tengah didahului dengan meningkatnya perang dagang antara dua ekonomi terbesar dunia. Minyak berjangka di New Yor...

Oil Extends Gains Into Fourth Straight Day on Middle East Tensions...
Friday, 17 May 2019 08:55 WIB

Harga minyak naik tipis pada hari Jumat, memperpanjang kenaikan ke sesi keempat karena meningkatnya ketegangan di Timur Tengah memicu kekhawatiran gangguan pasokan potensial. Minyak mentah berjangka ...

Oil up as Saudis Accuse Iran of Sabotage; IEA Still Points to Glut...
Friday, 17 May 2019 02:23 WIB

Tidak masalah bahwa hampir enam juta barel minyak mentah menumpuk di penyimpanan pasokan AS pekan lalu, atau bahwa Badan Energi Internasional masih berpikir ada kelebihan pasokan meskipun ada pemangka...

Oil Prices Rise Amid Tensions in Middle East...
Thursday, 16 May 2019 13:06 WIB

Harga minyak memperpanjang kenaikan pada hari Kamis di Asia di tengah ketegangan di Timur Tengah terkait dengan serangan sembunyi-sembunyi terhadap kapal tanker dan pipa minyak Saudi. Minyak Mentah A...

LATEST NEWS
Hong Kong, Shanghai Shares End Tough Week on a Low (review)

Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United States. The Hang Seng Index fell 1.16 percent, or 328.61 points, to 27,946.46. The benchmark Shanghai...

Stocks end lower as trade tensions continue, post weekly loss

Stocks ended lower Friday, with major benchmarks logging weekly losses, as worries remained over U.S.-China trade tensions. The S&P 500 fell 0.6% to end near 2,859, according to preliminary figures, while the Dow Jones Industrial Average shed...

Oil falls for the session, but gains for the week ahead of OPEC committee meeting

Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions. The...

POPULAR NEWS
Gold lower and risks weekly loss, on upbeat U.S. economic data
Saturday, 18 May 2019 01:10 WIB

Gold futures fell Friday, building on a loss for the week, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar. June gold...

Gold Steady as Stronger Dollar Counters Trade Concerns
Friday, 17 May 2019 18:03 WIB

Gold held recent declines as improved U.S. economic data boosted the dollar, leaving bullion little changed for the week despite ongoing trade...

Gold Edges Lower as Improved Risk Sentiment Dents Safe-Haven Demand
Friday, 17 May 2019 10:23 WIB

Gold extended its losses on Friday, following its biggest one-day percentage loss in a month in the previous session on a firmer dollar and as a...

Hong Kong, Shanghai Shares End Tough Week on a Low (review)
Saturday, 18 May 2019 03:11 WIB

Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United...