Tuesday, 17 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil gains on hopes for U.S., China trade war thaw, lower crude stocks
Thursday, 12 September 2019 13:10 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil prices rose on Thursday, recouping some of the heavy losses in the previous session, supported by easing trade tensions between Washington and Beijing and a drop in U.S. crude stockpiles to the lowest in nearly a year.

Brent crude futures (LCOc1) rose 45 cents, or 0.7%, to $61.26 a barrel by 05:04 GMT, while U.S. West Texas Intermediate (WTI) futures (CLc1) gained 50 cents, or 0.9%, to $56.25 a barrel.

The rise came after China moved to exempt some U.S. anti-cancer drugs and other goods from tariffs, while President Donald Trump announced a delay to scheduled tariff hikes on billions of dollars' worth of Chinese goods.

The concessions also preceded a planned meeting in coming days aimed at defusing the long-running trade row between the world's two largest economies.

Source : Reuters

RELATED NEWS
Oil Market Gripped With Uncertainty Over Lost Saudi Production...
Tuesday, 17 September 2019 14:01 WIB

Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply. As state oil producer Sa...

Oil's Dramatic Advance Pauses as Market Awaits Saudi Clarity...
Tuesday, 17 September 2019 07:36 WIB

Oil's record-breaking advance paused on Tuesday as the market awaited clarity on how long it'll take Saudi Arabia to restore output that was cut in half by the devastating attacks on its producti...

Oil Rallies 15%, With U.S. Prices Settling at Their Highest in 4 Months...
Tuesday, 17 September 2019 02:01 WIB

Oil futures rallied Monday, as a weekend attack on Saudi oil facilities cut the kingdom's daily crude production down by more than half, sparking concerns of a potentially prolonged supply shortage. ...

Oil surges 20% after Saudi attack, softens on stockpile hopes...
Monday, 16 September 2019 19:36 WIB

Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halve...

Oil soars after attack on Saudi plants shuts in 5% of global supply...
Monday, 16 September 2019 13:20 WIB

Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut about 5% of glo...

LATEST NEWS
Oil Market Gripped With Uncertainty Over Lost Saudi Production

Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply. As state oil producer Saudi Aramco grows less optimistic that there will...

Tokyo shares edge higher as dollar climbs

Tokyo shares ended higher on Tuesday with the dollar's rise encouraging investors despite ongoing concern after a weekend attack on Saudi oil facilities. The benchmark Nikkei 225 index added 0.06 percent, or 13.03 points, to 22,001.32, while the...

Gold Prices Drop After Havens Rally, Remains Above $1,500 Level

Gold prices dropped on Tuesday in Asia but remained above the $1,500 level. Gold Futures fell 0.4% to $1,505.05 by 12:30 AM ET (04:30 GMT). The yellow metal rose in the previous session following an attack on Saudi Arabian oil installations that...

POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves
Tuesday, 17 September 2019 01:34 WIB

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil...

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted...

Gold Rallies on Concern Saudi Attack May Presage Wider Conflict
Monday, 16 September 2019 16:13 WIB

Gold and other precious metals rallied after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory U.S. military...

Gold scores a pop from historic oil outage
Monday, 16 September 2019 20:44 WIB

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to...