Tuesday, 28 January 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Rise on Drop in U.S. Crude Stocks, Refinery Outage
Wednesday, 26 June 2019 18:33 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.

Front-month Brent crude futures, the international benchmark, were up 84 cents at $65.89 per barrel by 0948 GMT. They earlier touched their highest since May 31 at $66.25 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were at $58.91 per barrel, up $1.08 from their last settlement. WTI earlier hit its highest level since May 30 at $59.13 a barrel.

Philadelphia Energy Solutions is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar with the plans said on Tuesday.

Source : Reuters

RELATED NEWS
Oil drops below $60 as China virus drives demand concern...
Monday, 27 January 2020 18:07 WIB

Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, sto...

Oil prices skid 2%, extending slide as China virus spreads...
Monday, 27 January 2020 13:46 WIB

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's e...

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact...
Monday, 27 January 2020 08:08 WIB

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London an...

Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth...
Saturday, 25 January 2020 03:00 WIB

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer...

Oil Set for Weekly Slump as Asia Virus Adds to Demand Concerns...
Friday, 24 January 2020 18:37 WIB

Oil headed for a 5% loss this week amid fears that China™scoronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held abov...

LATEST NEWS
European Stocks Close Sharply Lower as China Virus Fears Intensify; Stoxx 600 Down 2%

European stocks tumbled sharply on Monday as fears over the economic fallout from the Chinese coronavirus outbreak intensify. The pan-European Stoxx 600 fell by more than 2% at 413.98, with the China-exposed basic resources sector plunging 4% to...

Travel, Tech Stocks Lead Wall St. Lower as China Virus Fears Mount

U.S. stocks fell more than 1% on Monday as investors worried about the economic fallout of the fast-spreading coronavirus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some...

Chinese Premier Visits Wuhan as Virus Death Toll Hits 80

Chinese Premier Li Keqiang visited the city of Wuhan on Monday to meet with health officials and examine the response to the outbreak of a coronavirus that has killed 80 people. Wuhan is the center of the outbreak and people there and in several...

POPULAR NEWS
Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...

Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears
Monday, 27 January 2020 07:53 WIB

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the...

Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell...

Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth
Saturday, 25 January 2020 03:00 WIB

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand...