Wednesday, 19 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Rise Amid Tensions in Middle East
Thursday, 16 May 2019 13:06 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices extended gains on Thursday in Asia amid tensions in the Middle East linked to stealth attacks on Saudi oil tankers and pipelines.

U.S. Crude Oil WTI Futures rose 0.7% to $62.45 by 12:20 AM ET (04:20 GMT). International Brent Oil Futures gained 0.6% to $72.22.

Intensifying tensions in the Middle East were cited as pushing oil prices higher.

"(Middle East tensions have intensified), with the U.S. ready to apply pressure in Tehran and evacuating its embassy in Iraq due to security concerns," said Alfonso Esparza, senior market analyst at OANDA, at a Reuters report.

Meanwhile, the Energy Information Administration reported a surprise increase in U.S. stockpiles, but the inventory data was largely overshadowed by the crisis in Middle East.

Source : Investing.com

RELATED NEWS
Oil Prices Rise Amid Sanctions on Rosneft, But Virus Fears Cap Gains...
Wednesday, 19 February 2020 12:59 WIB

Oil prices gained more than 1% on Wednesday in Asia despite ongoing concerns surrounding the coronavirus outbreak. U.S. Crude Oil WTI Futures gained 1.1% to $52.86 by 12:01 AM ET (04:01 GMT), while t...

Oil Inches Higher, But Gains Capped by Widening Economic Impact of Virus Outbreak...
Wednesday, 19 February 2020 09:47 WIB

Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day ...

Minyak menetap tidak berubah, Pangkas kerugian awal...
Wednesday, 19 February 2020 02:58 WIB

Harga minyak sedikit berubah pada hari Selasa, yang tertekan oleh kekhawatiran atas dampak pada permintaan minyak mentah dari wabah koronavirus di Cina dan kurangnya tindakan lebih lanjut oleh OPEC da...

Oil Falls on Coronavirus Hit to Demand, OPEC+ Delay...
Tuesday, 18 February 2020 19:48 WIB

Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the ma...

Oil Prices Slide Amid Lingering Coronavirus Worries...
Tuesday, 18 February 2020 13:41 WIB

Oil prices slid on Tuesday in Asia amid lingering demand concerns due to the coronavirus outbreak. U.S. Crude Oil WTI Futures fell 0.6% to $51.99 by 1:15 AM ET (05:15 GMT). International Brent Oil Fu...

LATEST NEWS
Gold Nears 7-Year Peak on Virus Economic Impact; Palladium Hits Record

Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall. Spot gold...

Oil Hits Two-Week High on China Stimulus Hopes, Supply Risks

Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus, and as a number of OPEC nations faced threats to their production. Brent futures increased for a seventh day, the longest...

US Sanctions Russian Oil Trading Firm for Role in Venezuela

The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro keep his grip on power in the South American...

POPULAR NEWS
Gold Steadies as Countries Plan Stimulus Measures
Monday, 17 February 2020 08:36 WIB

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments...

Tokyo Stocks Open Lower as Virus Worries Linger
Monday, 17 February 2020 07:37 WIB

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81...

Gold futures marks highest settlement since March 2013
Wednesday, 19 February 2020 01:51 WIB

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central...

Gold Edges Lower as Chinese Stimulus Hope Supports Risk Appetite
Monday, 17 February 2020 20:59 WIB

Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from...