Friday, 10 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Falls as Big U.S. Crude Build Offsets Hopes For U.S.-China Trade Talks
Wednesday, 6 November 2019 11:54 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U.S.-China trade tensions.

Brent crude futures were at $62.60 a barrel by 0330 GMT, down 36 cents, or 0.6%. Brent settled up 1.3% on Tuesday.

U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.5%, to $56.94 per barrel, having closed up 1.2% in the previous session.

U.S. crude inventories rose by 4.3 million barrels in the week ended Nov. 1 to 440.5 million barrels, according to data from the American Petroleum Institute (API) released on Tuesday. That was nearly triple analysts' forecast for an increase of 1.5 million barrels.

Source : Reuters

RELATED NEWS
Oil Stuck in Tight Trading Range Set for Weekly Drop on Virus...
Friday, 10 July 2020 09:13 WIB

Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply. Futures are down 2.2...

Oil falls, with U.S. benchmark settling back under $40 as coronavirus concerns swirl...
Friday, 10 July 2020 02:42 WIB

Oil futures fell on Thursday, with U.S. benchmark prices settling back below $40 a barrel, as commodity traders contended with rising cases of coronavirus in the U.S. and some other countries that may...

Oil Steady as Coronavirus Fears Offset Gasoline Recovery Signs...
Thursday, 9 July 2020 18:21 WIB

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding patte...

Oil Anchored Near $41 With Gains Capped by Rising Stockpiles...
Thursday, 9 July 2020 08:27 WIB

Oil was anchored near $41 a barrel in New York with swelling U.S. crude stockpiles raising fresh concerns about supply, while coronavirus cases continued to surge across the world. Stockpiles at...

Oil rises on improving U.S. gasoline demand...
Thursday, 9 July 2020 02:45 WIB

Oil prices edged up on Wednesday on signs of a recovery in gasoline consumption in the United States, but rising U.S. crude inventories and an increase in coronavirus infections limited gains. Brent ...

LATEST NEWS
WHO Launches Independent Pandemic Response Evaluation Panel

The World Health Organization Thursday named former New Zealand Prime Minister Helen Clark and former Liberian President Ellen Johnson Sirleaf to lead an independent panel to evaluate the agency™s response to the COVID-19...

Gold's Rally Stretches to 5th Week on Virus Resurgence

Gold held above $1,800 an ounce and headed for a fifth weekly advance as concerns about a resurgence in coronavirus cases bolstered demand for a haven. The U.S. outbreak shows no signs of abating, with new daily cases topping 60,000...

Oil Stuck in Tight Trading Range Set for Weekly Drop on Virus

Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply. Futures are down 2.2% this week after fluctuating in the tightest...

POPULAR NEWS
Gold futures log highest finish since September 2011
Wednesday, 8 July 2020 01:13 WIB

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a...

Gold futures up a fourth straight session to mark another finish at the highest since 2011
Thursday, 9 July 2020 01:11 WIB

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold...

Gold Rally to $1,800 Sees ETF Inflows Exceed Full-Year Record
Wednesday, 8 July 2020 15:53 WIB

Gold allure is only getting stronger as 2020 unfolds. Spot prices reached $1,800 an ounce and year-to-date inflows into bullion-backed...

Gold futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce
Friday, 10 July 2020 01:31 WIB

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal...