Wednesday, 17 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil prices rise amid Gulf of Mexico storm, Middle East tensions
Friday, 12 July 2019 08:43 WIB | ENERGY |MinyakWTIBrentMinyak MentahOil,

Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.

Brent crude futures were up 37 cents, or 0.6%, at $66.89 per barrel by 01:15 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel. The U.S. benchmark closed 0.38% lower on Thursday after marking its highest since May 23 at $60.94.

By Thursday, oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output, or 53% of the region's production, due to Tropical Storm Barry.

The storm was forecast to become a category one hurricane with at least 74-mile-per hour (119 km-per-hour) winds.

Source : Reuters

RELATED NEWS
U.S. Oil at Lowest in Over a Week as Pompeo Says Iran is Ready to Talk...
Wednesday, 17 July 2019 03:02 WIB

Oil futures settled sharply lower Tuesday, following reports that U.S. Secretary of State Mike Pompeo said Iran is ready to enter negotiations over its missile program, easing concerns about tensions ...

Oil Prices Slip as Gulf of Mexico Production Restarts, U.S. Output Weighs...
Tuesday, 16 July 2019 19:25 WIB

Oil prices dipped on Tuesday as oil rigs in the Gulf of Mexico underwent the process to restart production following Hurricane Barry, while escalating U.S. output weighed ahead of weekly inventory dat...

Oil prices end lower after last week's gains as Gulf storm threat passes...
Tuesday, 16 July 2019 03:16 WIB

Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery. August West Texas Intermediate crude fell by 63 ...

Oil Prices Hold Gains after Chinese Data...
Monday, 15 July 2019 19:08 WIB

Oil prices traded higher on Monday as positive data from China outweighed the country's slowing economy, providing hopes that demand for oil will remain intact. New York-traded West Texas Intermediat...

U.S. Oil Ends Week Up 5%, But Gulf of Mexico Storm Provides Little Support...
Saturday, 13 July 2019 02:20 WIB

U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East. Prices for the session, however, ...

LATEST NEWS
Hong Kong stocks finish with gains (Review)

Hong Kong stocks ended higher on Tuesday in quiet trade as investors took a step back after recent gains, while looking ahead to the start of corporate earnings season. The Hang Seng Index added 0.23 percent, or 64.74 points, to 28,619.62. The...

U.S. stocks end lower on concerns about bank earnings, trade

Wall Street stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening profits, while comments from U.S. President Donald Trump on trade also weighed on investor sentiment. The Dow Jones...

U.S. Oil at Lowest in Over a Week as Pompeo Says Iran is Ready to Talk

Oil futures settled sharply lower Tuesday, following reports that U.S. Secretary of State Mike Pompeo said Iran is ready to enter negotiations over its missile program, easing concerns about tensions between Washington and Tehran that had put the...

POPULAR NEWS
Gold prices settle at nearly two-week peak
Tuesday, 16 July 2019 01:55 WIB

Gold futures edged higher on Monday, settling at their highest in almost two weeks as prices extended recent gains scored on the back of...

Wall St. Leans Neutral/Sideways On Gold Prices, Main St. Bullish
Monday, 15 July 2019 13:42 WIB

Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according...

Gold Steadies as Market Weighs China, Bullish Bet Cut
Monday, 15 July 2019 17:33 WIB

Gold steadied amid signs that China's economy is stabilizing and after hedge fund managers reduced bullish bets on the metal. Gains in Chinese...

Gold Prices Little Changed as China Growth Data Matches Expectations
Monday, 15 July 2019 13:20 WIB

Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched...