Monday, 13 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Steady Amid Possibility of Deeper Supply Cuts
Friday, 14 February 2020 12:59 WIB | COMMODITY |BrentWTIMinyak

Oil prices steadied on Friday in Asia amid possibility of deeper supply cuts from major producers.

U.S. Crude Oil WTI Futures inched up 0.1% to $51.48 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures was little changed at $56.35.

The Organization of the Petroleum Exporting Countries (OPEC) lowered its 2020 demand forecast for its crude by 200,000 barrels per day, citing worries about the coronavirus outbreak in China, the world™s biggest oil importer.

The news prompted expectations the producer group could cut output further.

Source : Investing.com

RELATED NEWS
Oil Dips As U.S. Inventory Build Stokes Supply Fears...
Wednesday, 8 July 2020 19:20 WIB

Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about...

Oil Falls As Virus Resurgence Fears Weigh On Fuel Demand Recovery...
Friday, 3 July 2020 11:16 WIB

Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world™s largest oil consumer, stoked worries that a fuel demand recov...

Oil Set for Weekly Gain With Economic Optimism Outweighing Virus...
Friday, 3 July 2020 07:47 WIB

Oil slipped Friday but remained on track for a weekly gain as aggressive supply cuts and better-than-expected U.S. economic data overshadowed a surge in coronavirus cases in the world™s largest econ...

Oil Prices Slip On Demand Fears As U.S. Virus Cases Surge...
Thursday, 2 July 2020 14:27 WIB

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 ...

Oil Edges Lower With Virus Fear Offset by U.S. Stockpiles Draw...
Thursday, 2 July 2020 08:10 WIB

Oil edged lower as the re-imposition of anti-virus measures in parts of the U.S. was partially offset by a bigger-than-expected draw in American crude stockpiles and plunging output from OPEC producer...

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 end lower for the session, but tally a 5th straight weekly gain
Saturday, 11 July 2020 01:11 WIB

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week,...

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce
Friday, 10 July 2020 20:28 WIB

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond...

Gold Heads for Fifth Weekly Advance Amid Virus Sparks
Friday, 10 July 2020 16:48 WIB

Gold hovered above its key $1,800-an-ounce mark, on course for a fifth weekly advance, as investors weighed concern over a resurgence in...

Record Number of U.S. COVID-19 Cases Boost Gold
Friday, 10 July 2020 13:06 WIB

Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases. The...