Tuesday, 19 November 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 Extends Drop for Second Day as U.S. Crude Supply Seen Rising...
Tuesday, 19 November 2019 08:18 WIB

Oil dropped for a second day on indications U.S. crude stockpiles and shale output will continue expanding, while investors wait for news on a breakthrough to the prolonged trade war. Futures de...

Oil Ends Lower Amid Lack of China Trade Progress Trade...
Tuesday, 19 November 2019 03:54 WIB

Oil futures settled lower on Monday, after posting back-to-back weekly gains on rising hope for a so-called phase-one U.S.-China trade deal. West Texas Intermediate crude for December delivery fell 6...

Oil prices edge up on trade-talk optimism, OPEC meeting...
Monday, 18 November 2019 18:39 WIB

Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging...

Oil Prices Inch Down Despite Positive Trade News...
Monday, 18 November 2019 13:47 WIB

Oil prices inched down on Monday in Asia despite positive trade news. Chinese state media Xinhua reported that Chinese Vice Premier Liu He discussed a partial deal with U.S. Treasury Secretary Steven...

Oil Holds Near Eight-Week High on U.S.-China Trade Deal Optimism...
Monday, 18 November 2019 09:46 WIB

Oil held gains near the highest close in eight weeks on signs of progress in the prolonged U.S.-China trade war, while Saudi Arabia set a valuation for Aramco's initial public offering. Futures ...

LATEST NEWS
North Korea Says It Doesn't Want to Talk to US

North Korea said Monday that while it views the U.S. decision to postpone joint military drills with South Korea as "positive," the adoption of a U.N. resolution criticizing the North's human rights record has soured its desire to have...

Tokyo shares retreat as firmer yen weighs on exporters

Japan's stock benchmark Nikkei edged down on Tuesday as investors await clarity on the progress of U.S-China trade negotiations, with exporters pressured by a firmer yen against the dollar. The Nikkei share average dropped 0.2% to 23,361.35 in...

Gold Holds Gain on Trade Doubts, Powell-Trump Meeting

Gold held an advance as investors continued to await signs of progress in U.S.-China trade negotiations amid lingering doubts that a first-phase deal will be pushed through to a successful conclusion. Bullion rose on Monday as traders weighed...

POPULAR NEWS
Gold Edges Up On Chinese Worry Over Trump Impeachment
Tuesday, 19 November 2019 03:44 WIB

Gold was back on track to being a hedge to the trade war on Monday after talk of Beijing™s anxiety over President Donald Trump™s impeachment...

Gold Slides as ETF Holdings Drop, Trade Talks Progress
Monday, 18 November 2019 16:00 WIB

Gold declines after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a drop in...

Gold Steady With Trade Developments, ETFs in Focus
Monday, 18 November 2019 09:36 WIB

Gold was little changed after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a...

Japan Stocks Rise as Investors Eye Progress in Trade Talks
Monday, 18 November 2019 10:19 WIB

Japanese stocks rose after fluctuating at the Monday open, as investors eyed progress in the U.S.-China trade negotiations. Telecommunication...