Wednesday, 17 October 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Rebounds as OPEC Signaling Deal Extension Stokes Optimism
Tuesday, 17 April 2018 13:13 WIB | COMMODITY |MinyakWTIBrent

Oil rebounded from the biggest loss in more than a week as OPEC hinting at extending output cuts fans optimism and investors anticipate a drop in U.S. stockpiles.

Futures in New York climbed 0.5 percent after losing 1.7 percent on Monday. Kuwait said the Organization of Petroleum Exporting Countries and allied producers will discuss extending an agreement to cut oil output into 2019. Adding to optimism, analysts surveyed by Bloomberg forecast U.S. crude inventories probably fell last week after holding below the five-year average the previous four weeks.

Oil surged to a three-year high last week after geopolitical risks such as the conflict in Syria and tensions between Saudi Arabia and Iran-backed rebels in Yemen raised concerns over potential supply disruptions. Record U.S. crude production remains a major worry for OPEC and its allies who have been battling to reduce a global glut via supply reductions for the last 15 months.

West Texas Intermediate for May delivery climbed as much as 42 cents to $66.64 a barrel on the New York Mercantile Exchange, and traded at $66.51 at 12:34 p.m. in Tokyo. The contract fell $1.17 to close at $66.22 on Monday. Total volume traded was about 19 percent below the 100-day average.

Brent for June settlement added 23 cents to $71.65 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude traded at a $5.17 premium to June WTI.

Source : Bloomberg

RELATED NEWS
Oil Lower On Supply Concerns as Saudi Worries Ease...
Tuesday, 16 October 2018 19:36 WIB

Minyak berjangka turun pada hari Selasa karena ekspektasi untuk meningkatnya inventaris AS dan meragukan bahwa ketegangan antara AS dan Arab Saudi terkait hilangnya seorang jurnalis Saudi akan menghas...

Oil Set for Weekly Loss on Flight From Risk as Stockpiles Grow...
Friday, 12 October 2018 13:57 WIB

Minyak bersiap untuk penurunan mingguan terbesar sejak Mei lalu karena gejolak di ekuitas AS memacu investor untuk menghindari aset berisiko pada saat persediaan minyak mentah di Amerika meningkat. K...

Oil Prices Hold Ground, But Are Set For 4 Percent Weekly Fall...
Friday, 12 October 2018 09:36 WIB

Harga minyak naik pada hari Jumat setelah rutinitas pasar didorong oleh penurunan tajam di pasar ekuitas dan indikasi yang telah berlebihan, tetapi masih berada di jalur penurunan untuk lebih dari 4 p...

Oil Extends Losses as Other Markets Fall, Inventories Rise...
Thursday, 11 October 2018 14:09 WIB

Harga minyak turun ke posisi dua minggu terendahnya pada Kamis ini karena mereka memperpanjang kerugian terbesar dari sesi sebelumnya di tengah pelemahan di pasar saham global, dengan minyak juga tert...

Oil Set for Worst 2-Day Drop Since July as Stock Turmoil Spreads...
Thursday, 11 October 2018 10:35 WIB

Minyak menuju penurunan dua hari terbesarnya sejak Juli lalu karena pelemahan di AS meluas ke pasar komoditas. Kontrak berjangka turun sebanyak 1,7 persen di New York, setelah merosot 2,4 persen pada...

LATEST NEWS
Nikkei Hits 6-Day High as Tech Shares Track U.S. Gains

Japan™s Nikkei share average hit a six-day high on Wednesday, continuing its recovery from last week™s sharp downturn with technology stocks supported by a turnaround in their Wall Street peers. The Nikkei was up 1.59 percent at 22,907.73...

Facebook Now Requires UK Political Ad Buyers to Reveal Identity

Facebook says that anyone who takes out a British political ad on the social media platform will now be forced to reveal their identity, in a bid to increase transparency and curb misinformation. The company said Tuesday that it will also require...

Dollar Consolidates, Yen Weakens as Risk Sentiment Improves

The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets. The three main Wall Street indexes each rose by more than...

POPULAR NEWS
Gold Rally Rolls On
Tuesday, 16 October 2018 04:14 WIB

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this...

Pressure Set to Resume For Wall Street as Stock Futures Pitch Lower
Monday, 15 October 2018 16:53 WIB

U.S. stock futures indicated a lower start for Wall Street on Monday, as global stocks failed to join a rally that came late last week on the heels...

Gold Advance as Risks Proliferate From Stocks to Trade
Monday, 15 October 2018 15:47 WIB

Gold advanced as a stock slump resumed in Asia, President Donald Trump hinted at imposing more tariffs on China, and investors tracked tensions...

Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Wednesday, 17 October 2018 01:26 WIB

Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the...