Monday, 19 February 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Extends Drop to Near $55 on Signs U.S. Crude Stockpiles Rose
Wednesday, 15 November 2017 10:54 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil extended declines to trade near $55 a barrel as U.S. industry data showed crude stockpiles continued to climb.

Futures lost as much as 1.3 percent in New York after falling 1.9 percent on Tuesday. Inventories rose by 6.51 million barrels last week, the American Petroleum Institute was said to report. That would be the biggest gain since March if replicated in government data on Wednesday. The International Energy Agency trimmed estimates for demand next year amid a recovery in crude prices, according to its monthly market report.

West Texas Intermediate for December delivery slid as much as 71 cents to $54.99 a barrel on the New York Mercantile Exchange, and traded at $55.11 at 10:56 a.m. in Hong Kong. Total volume traded was about 14 percent below the100-day average. Prices dropped $1.06 to $55.70 on Tuesday.

Brent for January settlement slid as much as 80 cents, or 1.3 percent, to $61.41 a barrel on the London-based ICE Futures Europe exchange. Prices fell 1.5 percent to $62.21 on Tuesday. The global benchmark was at a premium of $6.18 to January WTI.

Source : Bloomberg

RELATED NEWS
Oil Set for Weekly Gain as Dollar Weakens, Markets Stabilize...
Friday, 16 February 2018 19:09 WIB

Minyak menuju kenaikan mingguan karena pelemahan dolar yang mendorong daya tarik harga komoditas terkait mata uang AS. Minyak berjangka di New York sedikit berubah pada hari Jumat dan bersiap untuk k...

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens...
Friday, 16 February 2018 08:22 WIB

Minyak menuju kenaikan mingguan setelah greenback jatuh untuk diperdagangkan mendekati level terendah tiga tahun, membuat harga komoditas dalam dolar AS menjadi lebih menarik bagi investor. Berjangka...

Oil shows resilience as dollar weakness continues...
Friday, 16 February 2018 04:30 WIB

Kontrak minyak berjangka terbukti kuat pada hari Kamis, dengan acuan AS membalikkan pelemahan sebelumnya untuk berakhir lebih tinggi karena dolar AS yang terus melemah, sementara acuan minyak global s...

Oil Rises as Slower U.S. Stockpile Gain Boosts Risk-Asset Cheer...
Thursday, 15 February 2018 13:01 WIB

Minyak berada di jalur untuk reli ke level tertingginya dua hari dalam hampir tiga bulan karena meningkatnya minat terhadap aset berisiko ke dalam minyak mentah disaati stok minyak Amerika menunjukkan...

Oil Trades Near $61 as U.S. Stockpiles Grow Less Than Expected...
Thursday, 15 February 2018 08:46 WIB

Minyak memperpanjang kenaikan setelah meraih kenaikan paling tinggi sejak Desember karena stok minyak mentah Amerika naik kurang dari perkiraan pasar. Minyak berjangka meningkat sebanyak 0,5 persen d...

POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday...

US Stocks Open Flat Amid Investor Caution

Wall Street stocks were flat in early trading...

LATEST NEWS
US Stocks Open Flat Amid Investor Caution

Wall Street stocks were flat in early trading Friday, threatening a five-day winning streak in a sign investors remain somewhat cautious after the volatility in equities this month. About 15 minutes into trading, the Dow Jones Industrial Average...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or...

Housing Starts Soar In January, Building Permits Hit 10 1/2-Year High

Construction on new homes in the U.S., known as housing starts, jumped almost 10% in January to an annual rate of 1.33 million. That™s the second highest level since the Great Recession and it easily exceeded the 1.24 million forecast of...