Monday, 22 July 2019
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 Gains For The Session, But U.S. Prices Drop Over 7% For The Week...
Saturday, 20 July 2019 02:08 WIB

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The...

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall...
Friday, 19 July 2019 18:33 WIB

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows....

Oil Drops by Nearly 3%, With U.S. Prices at Lowest in a Month...
Friday, 19 July 2019 02:33 WIB

Oil futures dropped by nearly 3% on Thursday, sending U.S. prices to their lowest finish in roughly a month. Prices reversed earlier gains, "reacting to the weakness in U.S. equities and over expectat...

Oil prices rise off 2-week lows as Iran seizes tanker it accuses of smuggling crude...
Thursday, 18 July 2019 19:17 WIB

Crude-oil futures traded modestly higher Thursday, rebounding somewhat from the lowest settlement in about two weeks in the previous session as Middle East tensions delivered a jolt to prices. Accord...

Oil Prices End Lower as U.S. Crude Supplies Fall Less Than Expected And Product Stocks Climb...
Thursday, 18 July 2019 02:21 WIB

Oil futures ended with a loss on Wednesday, with U.S. prices at their lowest in about two weeks, as U.S. crude supplies posted a smaller-than-expected weekly decline and stockpiles of gasoline and dis...

LATEST NEWS
Hong Kong stocks close week on a high (Review)

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month. The Hang Seng Index added 1.07 percent, or 303.74 points to 28,765.40. The...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude...

POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs
Saturday, 20 July 2019 02:02 WIB

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their...

Gold extends rise, as yellow metal's monster rally persists
Friday, 19 July 2019 19:32 WIB

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that...

Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions
Friday, 19 July 2019 15:17 WIB

Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish...

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall
Friday, 19 July 2019 18:33 WIB

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait...