Tuesday, 07 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. oil futures up 22% to log first gain in 3 sessions
Thursday, 30 April 2020 02:01 WIB | ENERGY |Minyak WTI Berjangka

U.S. benchmark oil futures posted a gain of 22% on Wednesday.

The Energy Information Administration reported a slightly smaller-than-expected climb in U.S. crude supplies, along with declines in gasoline stocks and total domestic oil output. News of apparent progress in a COVID-19 treatment as well as expectations that countries will further ease pandemic-related restrictions that have hurt energy demand also contributed to the rise in oil prices.

June West Texas Intermediate oil rose $2.72, or 22%, to settle at $15.06 a barrel on the New York Mercantile Exchange.

Source: Marketwatch

RELATED NEWS
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 ...

Crude Oil Lower; OPEC Disputes and Virus Cases Weigh...
Friday, 3 July 2020 18:59 WIB

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. c...

LATEST NEWS
Oil steady as hopeful economic data face spike in virus cases

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 crude settled at $43.10 a barrel, up 30 cents. U.S....

Gold futures finish higher, near 1-week high

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 down 0.4% in Monday dealings, providing a boost to dollar-denominated gold prices.  August gold...

Chinese Law Professor Critical of President Xi Jinping Detained in Beijing

A Chinese law professor who has written essays critical of President Xi Jinping's governance has reportedly been detained in Beijing. Friends of Xu Zhangrun say the writer and academic was taken from his home early Monday morning by more than a...

POPULAR NEWS
Hong Kong Stocks End Week on Strong Note (Review)
Saturday, 4 July 2020 03:45 WIB

Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a...

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...

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...