Monday, 01 June 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Falls As Sinking Demand Outweighs Stimulus Hopes
Thursday, 26 March 2020 18:06 WIB | COMMODITY |BrentWTIMinyak

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity.

Brent crude futures fell $1.04, or 3.75%, to $26.35 a barrel by 08:34 GMT. West Texas Intermediate (WTI) crude futures fell 94 cents, or 3.8%, to $23.55 a barrel. Both contracts are down about 60% this year.

The U.S. Senate on Wednesday overwhelmingly backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic.

Source : Reuters

RELATED NEWS
Oil Falls But Set To Post Biggest Monthly Rise In Years On Output Cuts...
Friday, 29 May 2020 14:19 WIB

Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world™s largest oil consumer while worsening U.S.-...

Oil Drops On Worse Than Feared Rise In U.S. Fuel Stocks...
Thursday, 28 May 2020 08:33 WIB

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. ...

Oil Slips On Demand Worries, Hong Kong Tensions...
Wednesday, 27 May 2020 11:54 WIB

Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative se...

Oil Falls On Demand Concerns, U.S.-China Tensions...
Wednesday, 27 May 2020 08:02 WIB

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China tensions adding to pressure....

Oil Prices Rise On Supply Cut Hopes, Easing Of Coronavirus Lockdowns...
Tuesday, 26 May 2020 12:28 WIB

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as corona...

LATEST NEWS
Hong Kong Shares Surge Into Break

Hong Kong stocks surged more than three percent Monday morning after Donald Trump fell short of imposing strict sanctions on China over Beijing's decision to push a controversial security law in the city. The Hang Seng Index jumped 3.22 percent,...

Nikkei Rallies to 3-Month High as U.S.-China Worries Ease For Now

Japanese stocks rose to a three-month high on Monday, as U.S. President Donald Trump™s threats against China over new security laws for Hong Kong were less threatening than feared. The benchmark Nikkei average gained 1.2% to 22,135.75 by the...

Oil Prices Slip as Wary Traders Eye Upcoming OPEC+ Meeting

Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. Brent crude...

POPULAR NEWS
Gold futures end higher, up more than 3% for the month
Saturday, 30 May 2020 01:21 WIB

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile,...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China
Friday, 29 May 2020 19:45 WIB

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and...

Gold up as markets cautiously await Trump's response on HK
Friday, 29 May 2020 17:26 WIB

Gold prices rose on Friday, supported by lingering U.S.-China trade tensions, while market participants cautiously awaited Washington's response to...

Hong Kong stocks end week with more losses (Review)
Saturday, 30 May 2020 03:29 WIB

Hong Kong stocks finished with more losses Friday as traders nervously await Donald Trump's news conference, in which he will set out the US...