Tuesday, 24 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Down Nearly 2% as Trade War Shakes Confidence
Monday, 26 August 2019 08:35 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the U.S.-China war knocked confidence in the global economy.

Brent crude was down 89 cents, or 1.5%, at $58.45 a barrel by 0044 GMT, having earlier touched $58.24, the lowest since Aug. 15.

U.S. oil fell $1, or 1.8%, to $53.17 a barrel, earlier falling to $52.96, the lowest since Aug. 9.

Oil prices are being hit "in large part because of worries about a severe global economic slowdown and potentially even a U.S. recession," said Stephen Innes, managing partner at Valour Markets.

Concerns about an economic slowdown are being fanned by the intensifying trade war between the United States and China.

Source : Reuters

RELATED NEWS
Oil ends higher as Middle East tensions outweigh pressure from Saudi output recovery...
Tuesday, 24 September 2019 03:05 WIB

Crude-oil futures ended higher on Monday, finding support from growing tensions in the Middle East even as Saudi Arabia has reportedly restored much of the output lost to attacks over a week ago that ...

Oil Drops Amid Conflicting Reports About Speed of Saudi Recovery...
Monday, 23 September 2019 18:08 WIB

Oil fell as traders weighed conflicting reports on whether Saudi Arabia will succeed in restoring its lost production by the end of this month, while concerns over demand returned following gloom...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months...
Saturday, 21 September 2019 02:17 WIB

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities l...

Oil Set for Biggest Weekly Gain Since January After Saudi Attack...
Friday, 20 September 2019 20:23 WIB

Oil in London was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair critical facilities attacked last wee...

Tensions in Middle East hoist oil prices to largest weekly gain for months...
Friday, 20 September 2019 14:19 WIB

Oil prices were on track to jump more than 7% this week, their biggest weekly rise in months, as early trading on Friday saw gains extended on fresh Middle East tensions after a key Saudi Arabian supp...

LATEST NEWS
Sterling slips before Supreme Court rules on Johnson's suspending parliament

Trading in the pound was quiet on Tuesday before the Supreme Court rules on whether Prime Minister Boris Johnson misled Queen Elizabeth when he asked her to suspend parliament for five weeks until Oct. 14. The top court's decision will be...

Hong Kong stocks snap six-day losing run

Hong Kong shares ended with gains on Tuesday to bring to an end a six-day losing streak with investors keeping tabs on developments in the China-US trade saga. The Hang Seng Index added 0.22 percent, or 58.60 points, to 26,281.00. The benchmark...

European Markets Higher Amid Trade Optimism

European markets traded higher on Tuesday as traders monitor the latest U.S.-China trade developments. The pan-European Stoxx 600 rose 0.3% at 390.71 in early trade, healthcare stocks adding 0.6% to lead gains while autos shed 0.5%. Traders were...

POPULAR NEWS
Gold futures settle at highest in over 2 weeks
Tuesday, 24 September 2019 00:59 WIB

Gold futures climbed Monday to settle at their highest in more than two weeks. Weak eurozone economic data raised worries over a slowdown in the...

Gold buoyed as weak eurozone data underlines fears over global growth
Monday, 23 September 2019 20:36 WIB

Gold rose Monday, finding support after a round of downbeat data out of the eurozone underlined worries about global growth prospects and as traders...

Gold Stays Below 2-Week-Old Resistance-Line Despite Trade/Political Pessimism
Monday, 23 September 2019 08:58 WIB

Gold prices fail to portray the recent risk-aversion wave as they remain below near-term resistance-line while taking rounds to $1,513 on early...

Hong Kong stocks suffer more losses (Review)
Tuesday, 24 September 2019 04:06 WIB

Hong Kong stocks fell Monday, marking six straight losses, as investors fret over the China-US trade talks after Donald Trump said he did not want a...