Wednesday, 21 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil up as Saudis Accuse Iran of Sabotage; IEA Still Points to Glut
Friday, 17 May 2019 02:23 WIB | ENERGY |Minyak jenis BrentMinyak WTI Berjangka

Never mind that nearly six million barrels of crude piled up in U.S. storage last week, or that the International Energy Agency still thinks there's an oversupply despite six months of OPEC cuts.

The Saudis are accusing the Iranians of being the unseen hands in this week's sabotage of the kingdom's oil industry, and that's all that seemed to be needed to give crude a third-straight day of gains.

West Texas Intermediate futures, the benchmark for U.S. crude, settled up 85 cents, or 1.4%, at $62.87 per barrel, its highest close in two weeks.

London Brent futures, the global benchmark for oil, rose by 95 cents, or 1.3%, to $72.72 by 3:07 PM ET (19:07 GMT), after racing to a three-week high of $73.36.

Source: Investing.com

RELATED NEWS
Front-month oil futures settle higher, with data expected to reveal a weekly decline in U.S. crude supplies...
Wednesday, 21 August 2019 02:49 WIB

Front-month oil futures contracts settled higher for a third straight session on Tuesday, ahead of U.S. government data that are expected to reveal a weekly decline in domestic crude stockpiles, follo...

Oil price rally takes a breather after Monday's big gains...
Tuesday, 20 August 2019 19:12 WIB

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over ...

Oil Rises on Improvement Reported in Trade Talks, Drone Attack...
Tuesday, 20 August 2019 02:47 WIB

Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. But the bigger factor for the week could be what transpires at the Kansas C...

Oil rises after drone attack on Saudi field...
Monday, 19 August 2019 18:32 WIB

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease. Price gains were, h...

U.S. Oil Futures Tally Gains For The Session And Week...
Saturday, 17 August 2019 02:22 WIB

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. "Today's rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian G...

LATEST NEWS
Gold eases as investors book profits; Fed minutes in focus

Gold prices retreated below the key $1,500 level on Wednesday as traders booked profits and focus turned to the minutes of the U.S. Federal Reserve's July meeting for clues on future interest rate cuts. Spot gold was down 0.5% at $1,498.84 per...

Hong Kong stocks finish on positive note

Hong Kong shares closed higher on Wednesday, having swung back and forth through the day, with traders turning their focus to an upcoming speech by Federal Reserve chief Jerome Powell later in the week. The Hang Seng Index closed up 0.15 percent,...

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut...

POPULAR NEWS
Gold ends lower as stock-market rebound dulls haven shine
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor...

Gold Drops 2nd Day on Rising Stocks, Trade Comments
Monday, 19 August 2019 09:39 WIB

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with...

Gold ends higher, recoups some recent losses as bond yields slide
Wednesday, 21 August 2019 01:55 WIB

Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day...

Hong Kong stocks end with big gains (Review)
Tuesday, 20 August 2019 03:55 WIB

Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade...