Thursday, 19 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Down on Swelling U.S. Stockpiles, Demand Concerns
Wednesday, 22 May 2019 19:33 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.

However, analysts said oil markets remained tight amid supply cuts by producer group OPEC and allies such as Russia, and as political tension escalates in the Middle East.

Brent crude futures were down 17 cents at $72.01 a barrel by 1130 GMT.U.S. West Texas Intermediate (WTI) crude futures for July delivery were down 46 cents at $62.67.

In a trade war between China and the United States, no further talks between top officials have been scheduled since the last round ended in a stalemate on May 10.

Source : Reuters

RELATED NEWS
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...

Oil extends losses after Saudi Arabia to restore output by end-September...
Wednesday, 18 September 2019 08:05 WIB

Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia's energy minister said the Kingdom will restore lost oil production by the end of the month. But investors ...

U.S. Oil Futures Settle With a Loss of Nearly 6%...
Wednesday, 18 September 2019 01:53 WIB

Oil futures declined Tuesday, with U.S. prices losing nearly 6%. The move follows news that Saudi Arabia's energy minister Prince Abdulaziz bin Salman said the kingdom has restored 50% of its producti...

LATEST NEWS
Hong Kong Shares Fall For Third Day

Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased...

S&P 500 Ends Near Flat After Fed Mixed Signals On Future Policy

The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move. The Dow Jones...

U.S. Oil Futures Extend Losses to a Second Session

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 a weekly rise in domestic crude inventories,...

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 Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted...

Gold scores a pop from historic oil outage
Monday, 16 September 2019 20:44 WIB

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to...