Tuesday, 07 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Down as Demand Fears Bite
Thursday, 26 March 2020 11:05 WIB | ENERGY |Crude OilOil,brent oilMinyak WTI

Oil prices dropped on Thursday morning in Asia as the COVID-19 pandemic hit demand.

Oil prices could not hold onto gains from the last session even as the U.S. Senate reached agreement on a $2 trillion relief package.

International Brent Oil Futures fell 0.77% to $27.17 by 10:01 PM ET (02:01 AM GMT) and U.S. Crude Oil WTI Futures fell 1.35% to $24.15.

Oil demand is continuing to take a hit as the COVID-19 pandemic severely curtails travel and more countries order lockdowns to curb the spread of the disease. India, the second most populous country and the third largest oil consumer in the world, started a 21-day lockdown yesterday.

Source : Investing.com

RELATED NEWS
Oil Prices Inch Higher on Output Cut Support, But U.S. Coronavirus Spike Caps Gains...
Tuesday, 7 July 2020 10:29 WIB

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel dema...

Oil steady as hopeful economic data face spike in virus cases...
Tuesday, 7 July 2020 02:53 WIB

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. Brent crud...

Oil Mixed on Tighter Supply, Surge in U.S. Virus Cases...
Monday, 6 July 2020 19:04 WIB

Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavir...

Oil Prices Mixed as Coronavirus Spike Casts Shadow Over U.S. Demand...
Monday, 6 July 2020 13:12 WIB

Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus ...

Oil Stuck Near $43 With Market Weighing Supply Against Virus...
Monday, 6 July 2020 08:34 WIB

Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections. Libya™s oil exports ...

LATEST NEWS
Gold Holds Gain Amid Virus Resurgence, Weaker Dollar

Gold held near the highest level in more than seven years on demand for haven assets amid the resurgence in coronavirus cases in some parts of the world, while the dollar steadied after falling for five days. Spot gold little changed at...

US Diplomat in Hong Kong Says Security Law Use a 'Tragedy'

The top American diplomat in Hong Kong said Monday that it is a œtragedy to use the semi-autonomous Chinese territory's new national security law to chip away at œfundamental freedoms in the Asian financial hub and create an œatmosphere...

Oil Prices Inch Higher on Output Cut Support, But U.S. Coronavirus Spike Caps Gains

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude...

POPULAR NEWS
Gold futures finish higher, near 1-week high
Tuesday, 7 July 2020 01:35 WIB

Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week. The ICE U.S. Dollar Index was...

Gold Rises Back Near $1,800 as U.S. Dollar Softens to Start July's First Full Week
Monday, 6 July 2020 20:16 WIB

Gold futures headed higher early Monday, supported in part by a weakening U.S. dollar, which was providing a runway for the commodity even as global...

Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 14:27 WIB

Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...

Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 08:11 WIB

Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...