Thursday, 17 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil tracks stock-market weakness as trade-spat jitters persist
Wednesday, 29 May 2019 19:18 WIB | ENERGY |Minyak jenis BrentMinyak WTI Berjangka

Oil futures prices dropped Wednesday, continuing the choppy trading that has marked recent sessions as risk-on markets, including stocks, took a fresh hit.

West Texas Intermediate crude for July delivery on the New York Mercantile Exchange fell $1.31, or 2.2%, at $57.83 a barrel, after gaining in Tuesday™s session. Front-month contract prices lost 6.8% last week as the contract hit its lowest level in more than two months. Front-month WTI is down roughly 8% for May so far.

Global benchmark July Brent fell $1.77, or 2.5%, at $68.34 a barrel. It shed 4.9% last week, also the weakest weekly performance for a front-month contract this year. The contract is down some 5% for the month to date.

Source: Marketwatch

RELATED NEWS
Oil Prices Fall as U.S. Crude Stockpiles Rise Sharply...
Thursday, 17 October 2019 13:35 WIB

Oil prices fell on Thursday in Asia after the American Petroleum Institute (API) said crude stockpiles rose sharply last week. U.S. Crude Oil WTI Futures lost 0.8% to $52.92. International Brent Oil ...

Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles...
Thursday, 17 October 2019 09:11 WIB

Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% ...

Oil mixed as worries over demand prospects persist...
Wednesday, 16 October 2019 19:13 WIB

Oil futures were putting in a mixed performance Wednesday, with Brent crude edging lower and West Texas Intermediate in positive territory, as worries over global demand lingered. West Texas Intermed...

Oil Prices Rise Amid Brexit Hope, But Worries Over China Limit Gain...
Wednesday, 16 October 2019 13:36 WIB

Oil prices recovered on Wednesday in Asia amid renewed hopes of a potential Brexit deal between the U.K. and the European Union. U.S. Crude Oil WTI Futures gained 0.3% to $52.97 by 1:13 AM ET (05:13 ...

Oil Holds Two Days of Losses as Demand Outlook Deteriorates...
Wednesday, 16 October 2019 09:17 WIB

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal. Futures in New York edged higher afte...

LATEST NEWS
European markets open lower as Northern Irish party casts doubt on Brexit deal

European stocks opened lower on Thursday after a Northern Irish political party voiced concerns about a proposed Brexit deal between the U.K. and the EU, as European leaders meet at a critical EU summit. The pan-European Stoxx 600 fell 0.3% in...

Tokyo stocks edge down on profit-taking

Tokyo stocks closed marginally lower on Thursday, taking a breather from a recent string of gains as investors watched for developments in Brexit talks in Brussels. The benchmark Nikkei 225 index fell 0.09 percent, or 21.06 points, to 22,451.86,...

Oil Prices Fall as U.S. Crude Stockpiles Rise Sharply

Oil prices fell on Thursday in Asia after the American Petroleum Institute (API) said crude stockpiles rose sharply last week. U.S. Crude Oil WTI Futures lost 0.8% to $52.92. International Brent Oil Futures were down 0.7% to $59.02. The API said...

POPULAR NEWS
Gold Posts Lowest Close So Far This Month as Investors Weigh Trade Deal, Earnings Season
Wednesday, 16 October 2019 03:44 WIB

Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as...

Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold edges higher as Brexit uncertainty spurs safe-haven bid
Wednesday, 16 October 2019 08:48 WIB

Gold prices edged higher on Wednesday after shedding nearly 1% in the previous session, as it remained unclear if Britain could avoid postponing its...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...