Friday, 22 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil futures finish higher with U.S. crude stocks down a 7th week
Thursday, 1 August 2019 02:45 WIB | ENERGY |Minyak WTICadangan Minyak Mentah ASMinyak Brent

Oil futures finished higher on Wednesday, with U.S. prices up a fifth consecutive session as government data showed that domestic crude inventories dropped for a seventh week in a row, the longest stretch of declines in a year and a half.

Prices had also climbed in the wake of the Federal Reserve's decision Wednesday afternoon to cut its key interest rate by a quarter percentage point .

West Texas Intermediate crude for September delivery on the New York Mercantile Exchange gained 53 cents, or 0.9%, to settle at $58.58 a barrel, for a fifth straight session rise. For the month, U.S. benchmark prices ended about 0.2% higher, according to Dow Jones Market Data. That was their sixth monthly rise of the year.

Meanwhile, global benchmark September Brent crude , which expired at the end of the session, added 45 cents, or 0.7%, to $65.17 a barrel on ICE Futures Europe”settling roughly 2.1% lower for the month. October Brent crude, which is now the front-month contract, tacked on 42 cents, or 0.7%, to $65.05 a barrel.

The Energy Information Administration on Wednesday reported that U.S. crude supplies declined by 8.5 million barrels for the week ended July 26. Analysts polled by S&P Global Platts, on average, expected a decline of 3.9 million barrels, while the American Petroleum Institute on Tuesday reported a 6 million-barrel drop.

Source : MarketWatch

RELATED NEWS
Oil slips from two-month high on qualms about U.S.-China trade deal...
Friday, 22 November 2019 13:47 WIB

Oil prices pulled back from their highest levels in nearly two months on Friday amid continued uncertainty over whether the United States and China will be able to reach a partial trade deal that woul...

Oil Pares Third Weekly Gain as Investors Monitor Trade Outlook...
Friday, 22 November 2019 09:18 WIB

Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand. Futures declined as much as 0.7% in New York after jumping 2.6% on Thursd...

Oil drops as U.S.-China standoff extends beyond trade...
Thursday, 21 November 2019 18:24 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in Hong Kong fueled concern that a deal to end a trade war between the world's top two economies ...

Oil drops amid new concern over prospects for U.S.-China trade deal...
Thursday, 21 November 2019 13:45 WIB

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the wor...

Oil Eases as Trade Deal Outlook Offsets Falling U.S. Stockpiles...
Thursday, 21 November 2019 09:09 WIB

Oil eased after the biggest increase in more than two weeks as signs of a stumble in U.S.-China trade talks offset shrinking stockpiles at a key American crude storage hub. January futures slipp...

LATEST NEWS
Emas Stabil Seiring Isu Perdagangan AS-Tiongkok dalam Fokus

Emas stabil karena investor mempertimbangkan minggu ini dengan laporan yang bertolak belakang tentang masalah perdagangan AS-China. Spot emas menguat 0,2% menjadi $ 1,467.93 per ons pada jam 7:33 pagi di London;  turun 0,5%pada hari Kamis....

Eurozone flash manufacturing PMI limps up to 3-month high in November

The flash reading of the eurozone manufacturing purchasing managers index rose to a 3-month high of 46.6 in November, up from 45.9 in October. The PMI was slightly above the FactSet-compiled economist consensus for a 46.4 consensus, but below the...

Dollar slips as Chinese comments marginally boost risk appetite

The dollar was marginally down on Friday and risk appetite boosted by statements from China on the need to find a solution to the tit-for-tat tariff war with the United States, raising hopes that a "phase one" deal could be reached. Chinese...

POPULAR NEWS
Gold Holds Steady As Trump Warns China on Trade Deal
Wednesday, 20 November 2019 03:42 WIB

President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever. As hedge to the...

Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes
Thursday, 21 November 2019 02:24 WIB

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a...

Gold Prices Fall to Lowest Settlement in Over a Week
Friday, 22 November 2019 02:08 WIB

Gold prices fell on Thursday to mark their lowest settlement in just over a week. "Gold's sensitivity to trade-deal headlines seems to be easing...

Gold Gains as Souring US-China Relations Dent Risk Appetite
Wednesday, 20 November 2019 19:23 WIB

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal...