Tuesday, 07 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Prices, Gasoline Demand Climb as Countries Ease Coronavirus Curbs
Friday, 22 May 2020 09:18 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic.

Brent crude was up 14 cents, or 0.4%, at $36.20 a barrel by 00:40 GMT, after gaining nearly 1% on Thursday. The contract is heading for a jump of more than 10% for the week.

West Texas Intermediate crude was up 5 cents, or 0.2%, at $33.97 a barrel, having gained more than 1% in the last session. The U.S. benchmark is on track for a weekly jump of around 15%.

The lifting of some coronavirus curbs is driving a recovery in gasoline demand with traffic congestion in some of the world's capitals returning to year-earlier levels, data prepared for Reuters shows.

Source : Reuters

RELATED NEWS
Oil steady as hopeful economic data face spike in virus cases...
Tuesday, 7 July 2020 02:53 WIB

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. Brent crud...

Oil Mixed on Tighter Supply, Surge in U.S. Virus Cases...
Monday, 6 July 2020 19:04 WIB

Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavir...

Oil Prices Mixed as Coronavirus Spike Casts Shadow Over U.S. Demand...
Monday, 6 July 2020 13:12 WIB

Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus ...

Oil Stuck Near $43 With Market Weighing Supply Against Virus...
Monday, 6 July 2020 08:34 WIB

Oil in London was anchored near $43 a barrel as investors weighed tightening crude supplies and robust U.S. economic data against surging coronavirus infections. Libya™s oil exports ...

Crude Oil Lower; OPEC Disputes and Virus Cases Weigh...
Friday, 3 July 2020 18:59 WIB

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. c...

LATEST NEWS
Wall Street jumps on strong services sector, hopes of China recovery

U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China™s economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States. A...

Hong Kong Stocks End With More Big Gains (Review)

Hong Kong stocks soared again Monday, tracking a surge in mainland Chinese markets and extending a rally into a fourth day on hopes for the economic recovery from the coronavirus. The Hang Seng Index rose 3.81 percent, or 966.04 points, to...

Oil steady as hopeful economic data face spike in virus cases

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. Brent crude settled at $43.10 a barrel, up 30 cents. U.S....

POPULAR NEWS
Gold Rises Back Near $1,800 as U.S. Dollar Softens to Start July's First Full Week
Monday, 6 July 2020 20:16 WIB

Gold futures headed higher early Monday, supported in part by a weakening U.S. dollar, which was providing a runway for the commodity even as global...

Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 14:27 WIB

Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...

Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 08:11 WIB

Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...

Gold futures finish higher, near 1-week high
Tuesday, 7 July 2020 01:35 WIB

Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week. The ICE U.S. Dollar Index was...