Tuesday, 15 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Hold at 7-Week High Despite OPEC Forecast for 2020 Surplus
Thursday, 11 July 2019 19:01 WIB | ENERGY |Minyak WTIMinyak jenis Brent

Oil prices held at a seven-week high on Thursday as storm worries in the Gulf of Mexico and heightened tensions in the Middle East outweighed OPEC™s forecast for a large crude surplus in 2020 as U.S. shale production continues to surge.

New York-traded West Texas Intermediate crude futures gained 16 cents, or 0.3%, to $60.59 a barrel by 7:40 AM ET (11:40 GMT), its highest level since May 23.

Brent crude futures, the benchmark for oil prices outside the U.S., traded up 18 cents, or 0.3%, to $67.19, its highest level since May 29.

In its latest monthly report released Thursday, OPEC forecast global oil demand to rise by 1.14 million barrels per day (bpd) next year, matching the projection for 2019. But the cartel raised its forecast for non-OPEC supply growth to accelerate from 2.05 million bpd to 2.44 million bpd in 2020.

Source: Investing.com

RELATED NEWS
Minyak Lanjutkan Penurunan ditengah Tanda Kesepakatan Perdagangan Terbatas...
Tuesday, 15 October 2019 09:15 WIB

Minyak lanjutkan penurunan pada tanda-tanda AS dan China masih memiliki beberapa pekerjaan yang harus dilakukan untuk menyelesaikan kesepakatan perdagangan terbatas dan karena para analis memperkiraka...

Oil Tumbles Again as Trade Bogeyman Returns...
Tuesday, 15 October 2019 03:39 WIB

One session is all it took for the optimism over U.S.-China trade talks to turn into pessimism. Crude oil prices settled down 2% on Monday after a Bloomberg report that China had more demands from th...

Oil Drops After Biggest Gain in a Month as Trade Optimism Ebbs...
Monday, 14 October 2019 19:31 WIB

Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook. Futures in New York f...

Oil Prices Down as Traders Sceptical on Sino-U.S. "Partial Trade Deal"...
Monday, 14 October 2019 13:25 WIB

Oil prices were down on Monday in Asia, after surging late last week, as traders are becoming more sceptical on whether the œphase one trade deal the U.S. and China agreed on Friday would lead to...

Oil Drops After Biggest Gain in a Month as Trade Optimism Ebbs...
Monday, 14 October 2019 09:16 WIB

Oil fell after surging the most in almost a month on Friday on signs investors are skeptical that progress in U.S.-China trade talks will lead to a quick recovery in demand. Futures in New York dropp...

LATEST NEWS
Russia Turns the Screws on Internet Freedom

New legislation likely to be introduced next month in Russia's Duma, or lower chamber of parliament, would see tighter restrictions on the internet and on computers, tablets and other devices used to access the internet. The proposals include a...

Minyak Lanjutkan Penurunan ditengah Tanda Kesepakatan Perdagangan Terbatas

Minyak lanjutkan penurunan pada tanda-tanda AS dan China masih memiliki beberapa pekerjaan yang harus dilakukan untuk menyelesaikan kesepakatan perdagangan terbatas dan karena para analis memperkirakan kenaikan mingguan kelima dalam stok minyak...

Hong Kong stocks slightly higher at open

Hong Kong stocks edged up slightly in the first few minutes of trade Tuesday, extending gains to a fourth day, after China and the US reached a mini trade agreement. The Hang Seng Index added 0.20 percent, or 52.44 points, to 26,574.29. The...

POPULAR NEWS
Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...

Hong Kong stocks end with healthy gains
Monday, 14 October 2019 15:29 WIB

Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic...

Gold prices rise as the Fed announced the start of a 'massive' bond buying program
Monday, 14 October 2019 21:52 WIB

Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade...