Wednesday, 19 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil price rally takes a breather after Monday's big gains
Tuesday, 20 August 2019 19:12 WIB | ENERGY |MinyakMinyak MentahMinyak Brent

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields.

West Texas Intermediate crude for October delivery lost 25 cents, or 0.5%, to $55.90 a barrel, after the most-active contract gained 2.4% on Monday. October Brent edged 20 cents, or 0.3%, lower at $59.64 a barrel, following a 1.9% gain in the previous session.

Oil prices have mostly risen over the past two weeks as expectations that central banks across the globe will combat signs of recession with greater stimulus that could help stimulate appetite for crude and other energy assets.

Investors are awaiting inventory data from the American Petroleum Institute later Tuesday at 4:30 p.m. Eastern Time, which will be followed by the closely watched U.S. Energy Information Administration report at 10:30 a.m on Wednesday.

Source : MarketWatch

RELATED NEWS
Oil Prices Rise Amid Sanctions on Rosneft, But Virus Fears Cap Gains...
Wednesday, 19 February 2020 12:59 WIB

Oil prices gained more than 1% on Wednesday in Asia despite ongoing concerns surrounding the coronavirus outbreak. U.S. Crude Oil WTI Futures gained 1.1% to $52.86 by 12:01 AM ET (04:01 GMT), while t...

Oil Inches Higher, But Gains Capped by Widening Economic Impact of Virus Outbreak...
Wednesday, 19 February 2020 09:47 WIB

Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day ...

Minyak menetap tidak berubah, Pangkas kerugian awal...
Wednesday, 19 February 2020 02:58 WIB

Harga minyak sedikit berubah pada hari Selasa, yang tertekan oleh kekhawatiran atas dampak pada permintaan minyak mentah dari wabah koronavirus di Cina dan kurangnya tindakan lebih lanjut oleh OPEC da...

Oil Falls on Coronavirus Hit to Demand, OPEC+ Delay...
Tuesday, 18 February 2020 19:48 WIB

Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the ma...

Oil Prices Slide Amid Lingering Coronavirus Worries...
Tuesday, 18 February 2020 13:41 WIB

Oil prices slid on Tuesday in Asia amid lingering demand concerns due to the coronavirus outbreak. U.S. Crude Oil WTI Futures fell 0.6% to $51.99 by 1:15 AM ET (05:15 GMT). International Brent Oil Fu...

LATEST NEWS
GBP/USD Jumps Back Above 1.30 Mark, Fresh Session Tops Post-UK CPI

The GBP/USD pair reversed an early European session dip to the 1.2975 region and seemed headed back towards the top end of its daily trading range post-UK macro data. Following the previous session's good two-way moves and a range-bound price...

U.K. Inflation Rises More Than Forecast to Highest in Six Months

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National...

Gold Prices Up; Fed Minutes Eyed

Gold prices inched up on Wednesday as traders await the U.S. Federal Reserve™s minutes of its latest meeting, which is due later in the day. Gold Futures for April delivery gained 0.2% to $1,607.25 by 1:45 AM ET (05:45 GMT). The yellow metal...

POPULAR NEWS
Gold Steadies as Countries Plan Stimulus Measures
Monday, 17 February 2020 08:36 WIB

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments...

Tokyo Stocks Open Lower as Virus Worries Linger
Monday, 17 February 2020 07:37 WIB

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81...

Gold Edges Lower as Chinese Stimulus Hope Supports Risk Appetite
Monday, 17 February 2020 20:59 WIB

Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from...

Gold futures marks highest settlement since March 2013
Wednesday, 19 February 2020 01:51 WIB

Gold futures rallied on Tuesday to log their highest finish since late March 2013, with analysts attributing the rise to expectations for central...