Thursday, 19 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil falls for the session, but gains for the week ahead of OPEC committee meeting
Saturday, 18 May 2019 03:04 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions.

The price moves come ahead of a meeting Sunday of the Joint Ministerial Monitoring Committee of members and nonmembers of the Organization of the Petroleum Exporting Countries in Jeddah, Saudi Arabia. The committee monitors compliance with the OPEC-led production-cut agreement.

West Texas Intermediate crude for June delivery fell 11 cents, or 0.2%, to settle at $62.76 a barrel. After posting gains in the last three session and settling Thursday at $62.87, the highest finish for a front-month contract since May 1, prices climbed 1.8% for the week, according to Dow Jones Market Data.

However, global benchmark July Brent lost 41 cents, or 0.6%, to $72.21 a barrel on ICE Futures Europe, with front-month contract prices up 2.3% from the week-ago settlement. Thursday™s finish at $72.62 Thursday marked the highest to date in May.

Source : MarketWatch

RELATED NEWS
Oil prices edge up after turbulent week as Saudi Arabia reassures on output...
Thursday, 19 September 2019 13:25 WIB

Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia's pledge to restore full production by end-September at facilities knocked out in dron...

Oil Steadies as Saudis Pledge Swift Return of Lost Production...
Thursday, 19 September 2019 09:22 WIB

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend at...

U.S. Oil Futures Extend Losses to a Second Session...
Thursday, 19 September 2019 02:14 WIB

Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia's output levels looked to recover much sooner than expected and the U.S. government reported...

EIA: US crude oil stocks increased by 1.1 million barrels...
Wednesday, 18 September 2019 21:48 WIB

The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 1.1 million barrels in the week ending September 13 ...

Oil Prices Fall as Saudi Quickly Restore Output; API Reports Rising Stockpiles...
Wednesday, 18 September 2019 12:37 WIB

Oil prices fell on Wednesday in Asia after Saudi Arabia's energy minister said the kingdom is recovering faster-than-expected from an attack on the weekend that knocked out 5% of global oil output. U...

LATEST NEWS
U.K. retail sales slip 0.2% in August

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-year growth rate slowed to 2.7% from...

Gold Holds Drop as Investors Pick Over Fed's Signals on Rates

Gold held a drop after Federal Reserve policy makers offered divergent views on more monetary easing after delivering another rate cut, casting some doubt over a key driver of bullion's surge to a six-year high. After Wednesday's fall, prices...

Hong Kong stocks end with fresh losses

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the possibility of more reductions this year. The Hang Seng Index slipped 1.07 percent, or 285.17 points,...

POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves
Tuesday, 17 September 2019 01:34 WIB

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High
Wednesday, 18 September 2019 01:26 WIB

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor...

Gold Posts Third Straight Gain Ahead of Fed Policy Decision
Thursday, 19 September 2019 01:07 WIB

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest...

Gold holds steady as focus turns to Fed meeting
Tuesday, 17 September 2019 20:17 WIB

Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve™s two-day monetary policy...