Thursday, 09 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Slide Amid Lingering Coronavirus Worries
Tuesday, 18 February 2020 13:41 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

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 Futures slid 1.0% to $57.10.

The decline in oil prices came even after China reported that the number of new virus infection in the country continued to fall. On Tuesday, Chinese health authorities confirmed 1,886 new cases of coronavirus, and 98 new deaths.

China recently imposed tougher restrictions on travel and movement within the country to help limit the spread of the virus.

The International Energy Agency said earlier this month that the virus could lower oil demand by 435,000 barrels per day year-on-year in the first three months of the year, while global experts said it is still too early to claim the outbreak is being contained.

Traders are also awaiting news from the Organization of the Petroleum Exporting Countriesand its allies on whether they will deepen production cuts to support oil prices.

Source : Investing.com

RELATED NEWS
Oil prices rise on optimism OPEC+ meeting will result in supply cut...
Thursday, 9 April 2020 13:05 WIB

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in...

Crude futures climb ahead of OPEC+ meeting...
Thursday, 9 April 2020 09:17 WIB

Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collap...

Crude Oil Edges Higher Ahead of Producers Meeting...
Wednesday, 8 April 2020 20:49 WIB

Oil markets edged higher Wednesday ahead of the weekly update on U.S. oil inventories, with investors feeling confident that the world's main oil producers will agree to cut output on the back of the ...

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts...
Wednesday, 8 April 2020 09:04 WIB

Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up pri...

Oil Rises as Hopes Build For Global Production Cut...
Tuesday, 7 April 2020 18:01 WIB

Oil prices clawed their way into positive territory on Tuesday as hopes that the world™s biggest producers will agree to cut output outweighed analyst fears that a global recession in the wake of th...

LATEST NEWS
European markets open higher ahead of US jobless claims data

European markets opened higher Thursday as market participants start to hope that the coronavirus pandemic is reaching a peak, but the latest U.S. unemployment claims data could hit sentiment. The pan-European Stoxx 600 climbed 1.1% in early...

Tokyo's Nikkei edges down as virus fears offset stimulus hope

Tokyo's benchmark Nikkei index closed marginally lower on Thursday, as expectations for the impact of a massive Japanese economic package were offset by worries over the ongoing coronavirus pandemic. The Nikkei 225 index lost 0.04 percent, or 7.47...

Oil prices rise on optimism OPEC+ meeting will result in supply cut

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures...

POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700
Wednesday, 8 April 2020 01:40 WIB

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a...

Gold Futures Settle at a More Than 7-Year High
Tuesday, 7 April 2020 00:56 WIB

Gold futures climbed on Monday to settle at their highest in more than seven years. "Fiscal and monetary stimulus will provide a nice backdrop for...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes
Thursday, 9 April 2020 01:48 WIB

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release...

Gold eases on firmer dollar, coronavirus slowdown signs
Wednesday, 8 April 2020 09:16 WIB

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's...