Saturday, 11 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Slip as EIA Reports Higher-Than-Expected Crude Stockpiles
Thursday, 7 November 2019 12:35 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices slipped on Thursday in Asia after the Energy Information Administration (EIA) reported that U.S. oil inventories rose much more than market expected last week.

U.S. Crude Oil WTI Futures slipped 0.1% to $56.30 by 12:01 AM ET (04:01 GMT). International Brent Oil Futures also inched down $61.67.

The EIA said oil stockpiles rose by 7.9 million barrels, compared with expectations from analysts for an increase of about 1.5 million barrels.

Gasoline stockpiles fell by 2.8 million barrels, versus an expectation for a draw of 1.8 million barrels. Distillates inventories fell 622,000 barrels, compared with forecasts for a drop of about 950,000.

Source : Investing.com

RELATED NEWS
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk...
Saturday, 11 July 2020 02:40 WIB

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker ...

Oil Falls on Resurgence of Virus Cases, Oversupply...
Friday, 10 July 2020 18:47 WIB

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery a...

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...

LATEST NEWS
Dow ends nearly 370 points higher as Nasdaq logs another record close

Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will...

POPULAR NEWS
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 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...

Gold Futures Slip, Set to Take a Breather after Carving Out Fresh 9-Year Peak
Thursday, 9 July 2020 18:57 WIB

Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since...

Gold Prices Extend Climb to 9-Year High as Traders See Few Limits to Central-Bank Stimulus
Wednesday, 8 July 2020 21:36 WIB

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a...