Wednesday, 26 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Set for Weekly Gain as OPEC+ Meets to Discuss Extending Cuts
Friday, 15 March 2019 19:06 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil headed for a second weekly gain as the world™s top crude producers are scheduled to discuss extending their pledged output curbs to avert a global glut.

Futures in New York traded near a four-month high, on course for a 4.4 percent weekly advance. OPEC™s secretariat urged producers to continue efforts to prevent a surplus this year, ahead of a weekend gathering of the cartel and its allies. A surprise drop in U.S. crude inventories reported on Wednesday added to signs of a tightening market.

West Texas Intermediate for April delivery climbed as much as 34 cents to $58.95 a barrel on the New York Mercantile Exchange, and traded little changed at $58.57 as of 10:36 a.m. London time. The contract rose 35 cents to $58.61 on Thursday, the highest since Nov. 12.

Brent for May settlement slipped 16 cents to $67.07 a barrel on the London-based ICE Futures Europe exchange. The contract is up 2 percent this week, after closing 32 cents down at $67.23 on Thursday. The global benchmark crude traded at an $8.21 premium to WTI for the same month.

Source : Bloomberg

RELATED NEWS
U.S. oil prices pull back after 3-session climb on the back of Iran tensions...
Wednesday, 26 June 2019 02:40 WIB

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell...

Oil prices steady, U.S.-Iran tensions remain in focus...
Tuesday, 25 June 2019 08:45 WIB

Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude. Benchmark Brent crude...

U.S. oil ends higher, but Brent falls as Trump administration announces additional Iran sanctions...
Tuesday, 25 June 2019 02:38 WIB

Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran. President Donald Trump on Monday sign...

U.S. Oil Extends Last Week's Surge as U.S. Readies Additional Iran Sanctions...
Monday, 24 June 2019 18:40 WIB

U.S. oil prices rose Monday, extending last week™s strong gains that had been prompted by building tensions between Iran and the United States, as Washington was set to announce new economic sanctio...

Oil prices rise as Middle East tensions simmer...
Monday, 24 June 2019 08:47 WIB

Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying ''significant'' sanctions on Tehran would be announced. Brent ...

LATEST NEWS
Tokyo stocks open lower on geopolitical worries

Tokyo stocks opened lower on Wednesday, extending falls on Wall Street as investors fled to safe haven assets amid tensions between the US and Iran and ahead of the G20 summit this week. The benchmark Nikkei 225 index was down 0.51 percent or...

Hong Kong Stocks Drop More Than One Percent (Review)

Hong Kong shares fell more than one percent Tuesday, hit by concerns over rising Iran-US tensions and as investors await this week's crucial trade talks between Donald Trump and Xi Jinping. The Hang Seng Index sank 1.15 percent, or 327.02 points,...

Nasdaq catat penurunan beruntun 3 hari pasca Powell menekankan sikap wait-and-see ' pada suku bunga

Saham AS merosot lebih rendah pada Selasa pasca Ketua Federal Reserve Jerome Powell mengatakan bank sentral masih memantau ekonomi untuk tanda-tanda kelemahan dan akan berusaha untuk menghindari reaksi spontan dalam hal pemotongan suku bunga...

POPULAR NEWS
You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six...

Gold notches a third straight session gain, its second above $1,400
Tuesday, 25 June 2019 01:25 WIB

Gold futures climbed sharply on Monday, extending their streak of gains to a third consecutive session. Weakness in the U.S. dollar and 10-year...

Gold Prices Up as U.S.-Iran Conflict Fuels Safe-Haven Demand, Trades Above $1,400
Monday, 24 June 2019 12:57 WIB

Gold prices rose on Monday in Asia and traded above the key $1,400 level amid intensifying conflicts between the U.S. and Iran. Gold futures for...

Gold Continues Rally, Pushing Further Past $1,400
Monday, 24 June 2019 18:59 WIB

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the...