Monday, 22 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. oil prices pull back after 3-session climb on the back of Iran tensions
Wednesday, 26 June 2019 02:40 WIB | ENERGY |Minyak WTICadangan Minyak Mentah ASMinyak Brent

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran.

August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since the week ended Dec. 2, 2016.

International benchmark August Brent crude edged up by 19 cents, or 0.3%, to $65.05 a barrel on ICE Futures Europe. The contract has traded in choppy fashion since it wrapped trading Friday at $65.20 ” the highest since May 30. Front-month Brent logged a more than 5% gain last week.

The Trump administration has turned up the economic pressure on Tehran since Trump pulled the U.S. out of the 2015 nuclear deal in May 2018, hoping to drive Iran to accept a tougher agreement that would end uranium enrichment and curb its regional ambitions. The U.S. is seeking ultimately to drive the Islamic Republic's oil exports to zero to prompt the nuclear concessions.

Source : MarketWatch

RELATED NEWS
Oil Gains as Gulf Tanker Seizure Raises Tensions...
Monday, 22 July 2019 08:39 WIB

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62...

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...

LATEST NEWS
Nikkei Dips on Fed, Earnings Caution; Asahi Falls After AB InBev Deal

Japanese shares dipped on Monday on diminishing hopes of a large rate cut by the U.S. Federal Reserve and as investors took a cautious stance ahead of a Japanese earnings seasons that starts this week. The Nikkei share average fell 0.28% to...

Global Tensions Mount Over Iran's Seizure of British Oil Tanker

Global tensions continue to mount over Iran's seizure of a British-flagged oil tanker in the Strait of Hormuz, with Britain issuing a stern warning to Tehran and the Islamic Republic maintaining the seizure was a "reciprocal"...

Gold Retreats Further From Six-Year Peak as Deep Rate Cut Views Fade

Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a sharp interest rate cut at the end of this month, while tensions in the Middle East limited losses for...

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 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...

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...

Hong Kong stocks close week on a high (Review)
Saturday, 20 July 2019 03:31 WIB

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...