Tuesday, 19 February 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Set for Third Weekly Increase on OPEC Curbs, Demand Hopes
Friday, 18 January 2019 20:08 WIB | ENERGY |MinyakWTIBrentOil,

Oil headed for a third weekly increase on expectations that production cuts by OPEC and resilient fuel demand will keep global markets in balance.

Futures rose as much as 1.7 percent in New York, with gains over the past three weeks totaling about 16 percent. OPEC's production fell by the most in almost two years in December before a fresh round of cuts started this month, and Russia is aiming to speed up the pace of its curbs. The International Energy Agency maintained its outlook for an acceleration in global demand growth this year as lower prices offset the economic slowdown.

West Texas Intermediate crude for February delivery rose as much as 86 cents to $52.93 a barrel on the New York Mercantile Exchange, and was at $52.57 as of 12:28 p.m. London time. The contract lost 24 cents on Thursday. Futures are up 1.9 percent this week.

Brent for March settlement advanced 46 cents to $61.64 a barrel on the London-based ICE Futures Europe exchange. Prices are up 2 percent this week, and 15 percent higher this month. The global benchmark crude was at an $8.79 premium to WTI for March.

Source: Bloomberg

RELATED NEWS
Oil Prices Hit 2019 High as Market Tightening Spurs 20% Recovery...
Monday, 18 February 2019 22:45 WIB

Harga minyak ditransaksikan tinggi pada Senin karena tanda-tanda pengurangan pasokan serta harapan bahwa AS dan China dapat menyelesaikan perselisihan perdagangannya, yang memicu pemulihan minyak ment...

Oil Prices Advance on Trade Hopes...
Monday, 18 February 2019 13:48 WIB

Harga minyak naik pada hari Senin waktu Asia, didorong oleh harapan bahwa AS dan China mungkin dapat menyelesaikan sengketa perdagangan mereka setelah kedua belah pihak melaporkan kemajuan dalam negos...

Oil Hits Three-Month High on OPEC Cuts, U.S. Sanctions on Iran, Venezuela...
Monday, 18 February 2019 09:15 WIB

Harga minyak naik ke level tertinggi sejak November tahun lalu pada hari Senin, terangkat oleh pengurangan pasokan yang dipimpin OPEC dan sanksi A.S. terhadap Iran dan Venezuela. Minyak mentah berjan...

Oil Poised for Weekly Gain as OPEC+ Curbs Counter Trade Worries...
Friday, 15 February 2019 18:09 WIB

Minyak menuju kenaikan mingguan terbesarnya dalam sebulan terkait pemotongan pasokan koalisi OPEC + dan mengurangi produksi dari lapangan lepas pantai terbesar dunia membayangi kekhawatiran baru atas ...

Oil Prices Gain Despite Weak China CPI, U.S. Retails Data...
Friday, 15 February 2019 13:44 WIB

Harga minyak naik pada hari Jumat di Asia setelah sempat jatuh karena laporan data penjualan ritel AS yang lemah. Penjualan ritel AS jatuh 1,2% pada bulan Desember, pertama kalinya dalam 10 bulan, De...

LATEST NEWS
European Markets Edge Higher on US-China Trade Deal Hopes

European stocks moved slightly higher on average Monday, as market participants continued to monitor trade talks between the world's two largest economies. The pan-European Stoxx 600 finished up 0.21 percent provisionally at 369.73, with sectors...

Oil Prices Hit 2019 High as Market Tightening Spurs 20% Recovery

Oil prices pressed higher on Monday as signs of supply reductions and hopes that the U.S. and China may resolve their trade dispute spurred bets of a market rebalancing, sparking a recovery in crude following one of the worst annual declines in...

Gold Prices Rise Towards Fresh 10-Month High as Dollar Slips

Gold prices edged higher on Monday, rising towards their best level since April as the U.S. dollar weakened on hopes the U.S. and China would hammer out an agreement resolving their protracted trade war. Comex gold futures were up $2.25, or around...

POPULAR NEWS
Gold Futures Climb For The Session to Post a Gain For The Week
Saturday, 16 February 2019 04:01 WIB

Gold futures finished at a two-week high on Friday to post a modest gain for the week as progress in trade talks between the U.S. and China was seen...

Hong Kong Stocks Fall on Trade Talks Uncertainty
Saturday, 16 February 2019 04:19 WIB

Hong Kong stocks fell Friday amid uncertainty over the outcome of US-China trade talks in Beijing, following Wall Street's negative lead on weak US...

Wall Street Rallies on Trade Hopes
Saturday, 16 February 2019 04:13 WIB

Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United...

Oil Futures Climb by More Than 5% For The Week
Saturday, 16 February 2019 04:06 WIB

Oil futures gained Friday, lifting prices up by more than 5% for the week on signs of tighter global supplies and progress in trade talks between...