Friday, 24 November 2017
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Holds Losses Near $57 as U.S. Crude Output Climbs to Record
Thursday, 9 November 2017 09:51 WIB | COMMODITY |MinyakWTIBrent

Oil held losses near $57 a barrel as U.S. crude output climbed to the highest in more than three decades and as stockpiles unexpectedly rose.

Futures were little changed in New York after falling 0.7 percent Wednesday. Production expanded for a third week to 9.62 million barrels a day, the highest in weekly Energy Information Administration data going back to 1983. Crude inventories rose by 2.24 million barrels last week, compared with a 2.45-million barrel decline forecast in a Bloomberg survey.

Oil has advanced about 20 percent since the start of September on signs the Organization of Petroleum Exporting Countries and its allies will extend output cuts past March. An anti-corruption probe in Saudi Arabia, the world™s top exporter, has added to price gains as arrests were seen as consolidating power in the crown prince who has supported prolonging the production reductions.

West Texas Intermediate for December delivery was at $56.89 a barrel on the New York Mercantile Exchange, up 8 cents, at 9:17 a.m. in Hong Kong. Total volume traded was about 76 percent below the 100-day average. Prices lost 39 cents to $56.81 on Wednesday, falling for a second session.

Brent for January settlement gained 9 cents to $63.58 a barrel on the London-based ICE Futures Europe exchange, after falling in the past two sessions. The global benchmark crude was at a premium of $6.45 to January WTI.

Source : Bloomberg

RELATED NEWS
Oil Heads for Two-Year High as U.S. Stocks Shrink Ahead of OPEC...
Wednesday, 22 November 2017 13:07 WIB

Minyak menuju penutupan tertingginya sejak Juni 2015 setelah data industri AS menunjukkan stok minyak mentah kembali mengalami penurunan dan karena investor menunggu keputusan OPEC untuk memperpanjang...

Oil Extends Gains on Signs U.S. Crude Stockpiles Resume Declines...
Wednesday, 22 November 2017 07:34 WIB

Minyak memperpanjang kenaikan untuk diperdagangkan di atas $ 57 per barel karena data industri AS menunjukkan stok minyak mentah kembali mengalami penurunan. Kontrak berjangka untuk bulan Januari nai...

Oil Traded Near $56 as U.S. Crude Stockpiles Seen Resuming Drop...
Tuesday, 21 November 2017 13:17 WIB

Minyak diperdagangkan dekati level $ 56 per barel sebelum data pemerintah AS diperkirakan menunjukkan stok minyak mentah kembali mengalami penurunan. Kontrak berjangka Januari sedikit berubah di New ...

Oil Trades Near $56 as U.S. Crude Stockpiles Seen Resuming Drop...
Tuesday, 21 November 2017 07:32 WIB

Minyak diperdagangkan mendekati level $ 56 per barel sebelum data pemerintah AS diperkirakan menunjukkan stok minyak mentah kembali mengalami penurunan. Kontrak berjangka untuk bulan Januari sedikit ...

Oil Held Gain Above $56 After Surge on Saudi Cut Extension Plea...
Monday, 20 November 2017 13:32 WIB

Minyak menahan kenaikannya di atas $ 56 per barel setelah lonjakan terbesar dalam hampir dua minggu terakhir karena menteri energi Arab Saudi mengatakan OPEC harus mengumumkan perpanjangan untuk pengu...

POPULAR NEWS
This Is Gold's Best Chance To Break $1,300 - Saxo Bank

Gold traders need to be patient as the market...

Dollar falls to 4-week low as Fed minutes cast doubt on 2018 rate hikes

The U.S. dollar fell to a four-week low against...

Gold Crawls Higher, Bucking Inverse Dollar Relationship

Gold and silver prices ticked higher Tuesday,...

LATEST NEWS
Hong Kong, Shanghai stocks up after sell-off

Hong Kong stocks bounced back on Friday from the previous day's losses, while Shanghai edged up after a sharp drop, but traders remained on edge over China's crackdown on speculative investing. The Hang Seng Index added 0.53 percent, or 158.38...

Stocks in Europe Edge Higher; Dollar Halts Decline

Stocks in Europe gained, while the dollar halted three days of losses as Treasury yields rose in sluggish post-Thanksgiving trading. The Stoxx Europe 600 Index increased 0.1 percent as of 8:07 a.m. London time. The Stoxx Europe 600 Index...

USD/JPY clings to strong recovery gains near mid-111.00s

Having defended the 111.00 handle in the previous session, the USD/JPY pair caught some strong bids and staged a goodish recovery move this Friday. The FOMC minutes-led US Dollar selling pressure has now abated and prompted some short-covering on...