Friday, 17 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil pops higher ahead of EIA inventory report

Oil futures were on track to snap a two-slide and recover a fraction of Tuesday's losses ahead of a weekly report on U.S. inventories.

The Energy Information Administration is scheduled to release U.S. crude stockpiles at 10:30 a.m. Eastern Time, which could show a fifth consecutive weekly fall. Analysts expect the government report to reveal a fall of 4.2 million barrels in crude supplies, on average, for the week ended July 12, according to a survey conducted by S&P Global Platts.

August West Texas Intermediate crude gained 70 cents, or 1.2%, to $58.32 a barrel on the New York Mercantile Exchange, recapturing a portion of its 3.3% tumble on Tuesday. International benchmark September Brent added 88 cents, or 1.4%, at $65.22 a barrel on ICE Futures Europe, after its 3.2% skid in the prior session.

Source : MarketWatch

RELATED NEWS
Oil Shrugs Off OPEC+ Cuts Taper to Trade Near Four-Month High...
Thursday, 16 July 2020 10:19 WIB

Oil edged lower after closing at a four-month high as the OPEC+ alliance confirmed it would start tapering output cuts from next month. Futures in New York dipped below $41 a barrel after jumpin...

Oil Jumps more than 2% on Surprise U.S. Inventory Draw...
Thursday, 16 July 2020 01:48 WIB

Oil prices rose more than 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its allies are set to ease supply curbs from August as the gl...

Oil rises slightly ahead of OPEC+ meeting...
Wednesday, 15 July 2020 02:09 WIB

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Br...

Oil Prices Drop on Demand Recovery Fears Amid U.S. Virus Surge...
Tuesday, 14 July 2020 18:52 WIB

Oil prices fell around 2% in early trade on Tuesday on worries that new clampdowns on businesses to stem surging coronavirus cases in California and other U.S. states could threaten the nascent recove...

Oil Extends Drop on OPEC+ Taper Jitters and U.S.-China Tension...
Tuesday, 14 July 2020 07:53 WIB

Oil dropped for a second day on expectations that OPEC+ will start winding down production cuts next month and as escalating tension between Washington and Beijing worsened sentiment across financial ...

LATEST NEWS
US Imposes Visa Restrictions on Chinese Tech Companies' Employees

The United States is imposing visa restrictions on certain employees of Chinese technology companies, including Huawei, for providing œmaterial support to regimes engaging in human rights violations and abuses globally.'' Wednesday, U.S....

Stocks Trade Lower after Mixed U.S. Corporate Earnings and Economic Data

U.S. stocks traded lower mid-morning Thursday, led by technology stocks, as investors parsed mixed corporate earnings reports and economic data in the wake of a drop in Asian markets with U.S.-China tensions a factor also. The Dow Jones Industrial...

European Stocks Close Lower as ECB Leaves Policy Unchanged

European stocks finished in negative territory on Thursday, failing to get a boost from Chinese growth data showing a rebound in the economy. The pan-European Stoxx 600 slid 0.46% to 372.16, with the travel and leisure sector dropping 1.9% to lead...

POPULAR NEWS
Gold Futures Post Their First Gain in 3 Sessions
Tuesday, 14 July 2020 00:51 WIB

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on...

Gold Steadies Amid U.S.-China Tensions, WHO's Warning
Tuesday, 14 July 2020 09:31 WIB

Spot gold was steady as investors weighed fresh tensions between the U.S. and China, this time over territorial claims, and the economic damage...

Gold Futures Settle with a Modest Loss
Wednesday, 15 July 2020 01:01 WIB

Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is...

Gold Futures Settle with a Modest Gain, Buoyed by a Retreat in The U.S. Dollar
Thursday, 16 July 2020 00:53 WIB

Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in...