Friday, 03 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Lower as Rising Crude Inventories Stir Doubts Over Recovery in Demand
Thursday, 28 May 2020 19:07 WIB | ENERGY |MinyakWTIBrentOil,

Oil futures lost ground Thursday after data from a U.S. industry trade group showed a rise in crude inventories, raising questions over whether expectations for a sharp recovery in demand were overdone.

West Texas Intermediate crude for July delivery fell 28 cents, or 0.9%, to $32.53 a barrel on the New York Mercantile Exchange, while August Brent crude was off 20 cents, or 0.6%, at $36.25 a barrel on ICE Europe.

The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 8.7 million barrels for the week ended May 22, according to people familiar with the report. The API data also showed gasoline stockpiles edged up by 1.1 million barrels, while distillate inventories climbed by 6.9 million barrels. However, crude stocks at the Cushing, Oklahoma, delivery hub fell by 3.4 million barrels for the week, sources said.

Source : Marketwatch

RELATED NEWS
Oil futures end higher, with U.S. prices at their highest since March...
Friday, 3 July 2020 02:08 WIB

Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 ...

Oil Futures Climb on Shrinking U.S. Crude Inventories...
Thursday, 2 July 2020 19:43 WIB

Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this week. The Energy Information Administration reported ...

Oil futures score a gain for the session as U.S. supplies show biggest weekly drop of the year...
Thursday, 2 July 2020 02:15 WIB

Oil futures settled higher on Wednesday after U.S. government data showed that domestic crude supplies fell by 7.2 million barrels last week, the largest weekly decline so far this year. The fall in ...

Oil rises after sharp drop in U.S. crude inventories...
Wednesday, 1 July 2020 18:47 WIB

Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spread...

Oil futures end down for the session, but post a more than 90% gain for the quarter...
Wednesday, 1 July 2020 02:49 WIB

Oil futures settled with a loss on Tuesday, down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand....

LATEST NEWS
Oil futures end higher, with U.S. prices at their highest since March

Oil futures settled higher on Thursday, buoyed by a hefty decline in last week's U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on...

Gold settles with a gain for the session and shorter week

Gold futures climbed on Thursday, also posting a gain for the holiday-shortened week, as concerns over the increase in COVID-19 cases in part of the world provided safe-haven support for the metal. Some of that support lacked in the U.S., where...

Dow rises 200 points after strong jobs report, but gains kept in check by coronavirus fears

Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 232 points higher, or 0.9%. The Nasdaq Composite...

POPULAR NEWS
July, Gold is Still Promising
Wednesday, 1 July 2020 16:41 WIB

Index futures closed above $ 1,800 per ounce on Tuesday, June 30, 2020, which also means closing in the first half of this year. Over the past six...

Gold futures end lower a day after highest finish since 2011
Thursday, 2 July 2020 01:28 WIB

Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be...

Gold prices retreat to start July after the notching their highest finish since 2011
Wednesday, 1 July 2020 18:58 WIB

Gold futures were drifting lower Wednesday after topping $1,800 and marking the highest finish since in about nine years Tuesday, as uncertainty...

Gold Up Over Rising COVID-19 Numbers
Tuesday, 30 June 2020 13:37 WIB

Gold was up on Tuesday morning in Asia and looked set to close the second quarter of the year with its biggest quarterly advance since 2016. Gold...