Monday, 22 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices Rise as U.S. Stockpiles Drop, OPEC Agrees Meeting Date
Thursday, 20 June 2019 08:29 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts.

Brent crude futures had risen 82 cents, or 1.3%, to $62.64 by 0026 GMT. They dropped 0.5% on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures were up 79 cents, or 1.5%, at $54.55 a barrel. WTI fell 0.26% in the previous session.

After swelling to near two-year highs, U.S. crude stocks fell by 3.1 million barrels last week, compared with analyst expectations for a draw of 1.1 million barrels, the Energy Information Administration (EIA) said. [EIA/S]

Refined products also posted surprise drawdowns due to a rise in refining and crude exports, as well as a drop in crude production.

Source : Reuters

RELATED NEWS
Oil Advances as Iran's Seizure of Tanker Keeps Tension High...
Monday, 22 July 2019 14:27 WIB

Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country™...

Oil Gains as Gulf Tanker Seizure Raises Tensions...
Monday, 22 July 2019 08:39 WIB

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week...
Saturday, 20 July 2019 02:08 WIB

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The...

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall...
Friday, 19 July 2019 18:33 WIB

Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows....

Oil Drops by Nearly 3%, With U.S. Prices at Lowest in a Month...
Friday, 19 July 2019 02:33 WIB

Oil futures dropped by nearly 3% on Thursday, sending U.S. prices to their lowest finish in roughly a month. Prices reversed earlier gains, "reacting to the weakness in U.S. equities and over expectat...

LATEST NEWS
U.S. Stocks Open Slightly Higher as Dow Faces Earnings Season Busiest Week

U.S. stock indexes on Monday kicked off the week with slight gains as investors prepped for a barrage of earnings, including a third of the S&P 500 index and the Dow Jones Industrial Average. The Dow opened up 0.1% at 27,180, a gain of 30...

Gold looks for direction after hitting 6-year high

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical worries after Iran seized a British-flagged tanker and as investors look for major central banks to...

Oil Prices Jump as Tension Rises in Strait of Hormutz

Oil prices traded sharply higher on Monday as tensions mounted between the U.K. and Iran, increasing expectations that tensions in the Persian Gulf could potentially lead to a disruption of crude supply. New York-traded West Texas Intermediate...

POPULAR NEWS
Gold loses stream after tapping fresh 6-year highs
Saturday, 20 July 2019 02:02 WIB

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened. Prices, however, gained for the week after logging their...

Hong Kong stocks close week on a high (Review)
Saturday, 20 July 2019 03:31 WIB

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week
Saturday, 20 July 2019 02:08 WIB

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week,...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans
Saturday, 20 July 2019 03:24 WIB

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected...