Wednesday, 26 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. oil holds ground at a more than 2-week low, but global prices rebound
Friday, 13 July 2018 02:54 WIB | ENERGY |MinyakWTIBrentOil,Crude Oil

Oil settled on a mixed note Thursday, with U.S. benchmark prices posting a slight decline but global benchmark prices rebounding from the three-week low they hit a day earlier.

A monthly report from the International Energy Agency hinted at an coming slowdown in crude demand and revealed an uptick in global supplies. Traders also looked to the resumption of Libyan oil exports and mulled the impact of the U.S.-China trade dispute on the global economy, and oil demand.

August West Texas Intermediate crude the U.S. benchmark, edged down by a nickel, or less than 0.1%, to settle at $70.33 a barrel on the New York Mercantile Exchange”the lowest since June 25. Prices also briefly hit lows under $70 a barrel for the first time in over two weeks. They dropped 5% Wednesday.

September Brent crude rose $1.05, or 1.4%, to $74.45 a barrel on the ICE Futures Europe exchange. It recouped some of Wednesday™s nearly 7% drop to $73.40 a barrel, which was the lowest settlement since June 21.

Source : Marketwatch

RELATED NEWS
Global Oil Settles at Another 4-Year High as U.S. Benchmark Climbs for a Third Session...
Wednesday, 26 September 2018 03:20 WIB

Minyak mentah berjangka global naik di level tertinggi empat tahun pada Selasa, karena harga minyak mentah AS naik untuk sesi ketiga berturut-turut tetapi berkurang kembali dari level terbaik. Harga ...

Brent oil extends climb to 4-year high, while U.S. crude set for longest streak of gains in 2 months...
Tuesday, 25 September 2018 18:09 WIB

Minyak berjangka pada Selasa melanjutkan tren kenaikan baru-baru ini yang membawa acuan minyak global ke sekitar empat tahun tertingginya dan menempatkan mitra AS di jalur untuk kenaikan beruntun terp...

Dollar Edges Lower Ahead of Fed Meeting...
Tuesday, 25 September 2018 15:29 WIB

Dolar melemah terhadap sekumpulan mata uang utama lainnya pada Selasa karena investor menunggu pertemuan kebijakan Federal Reserve, di mana secara luas diharapkan untuk memberikan kenaikan suku bunga ...

Oil hits four-year high as OPEC, Russia resist output rise to offset U.S. sanctions against Iran...
Tuesday, 25 September 2018 13:35 WIB

Harga minyak menjejaki level tertinggi sejak November 2014 pada hari Selasa, melampaui posisi tertinggi empat tahun dari hari sebelumnya, seiring semakin dekatnya sanksi AS terhadap Iran dan keenggana...

Oil Holds Gain as Traders Become Bullish After OPEC Defies Trump...
Tuesday, 25 September 2018 08:06 WIB

Minyak mempertahankan posisi di atas $ 72 per barel seiring para pedagang menjadi bullish pada harga setelah OPEC dan sekutunya menolak seruan Presiden Donald Trump untuk meningkatkan produksi. Kontr...

POPULAR NEWS
Gold Expected To Gain Some Luster After Fed

Wall Street and Main Street both look for gold...

Gold Settles Higher Ahead Of Broadly Expected Fed Rate Hike This Week

Gold futures settled higher on Monday, recouping...

Hong Kong stocks sink on new trade frictions

Hong Kong shares tumbled on Monday after the US...

LATEST NEWS
EU Sets Up Payment System with Iran to Maintain Trade

The five remaining parties to the Iran nuclear deal have agreed to establish a special payment system to allow companies to continue doing business with the regime, bypassing new sanctions imposed by the United States. Envoys from Britain, France,...

Dow, S&P 500 End Down; Utilities Decline

The Dow and S&P 500 ended lower on Tuesday as a boost from the energy sector and strong consumer confidence data was offset by losses in chipmakers and utilities ahead of an expected Federal Reserve interest rate hike. Based on the latest...

Global Oil Settles at Another 4-Year High as U.S. Benchmark Climbs for a Third Session

Global benchmark crude futures notched another settlement at a four-year high Tuesday, as U.S. crude prices rise for third consecutive session but eased back from the session's best levels. U.S. crude prices posted a gain for a third consecutive...