Friday, 23 February 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Near $57 After Roller-Coaster Day as U.S. Output Hits Record
Thursday, 9 November 2017 13:24 WIB | COMMODITY |MinyakWTIMinyak WTIMinyak jenis Brent

Oil traded near $57 a barrel after swinging wildly in the previous session as investors focused on U.S. crude production that climbed to the highest in more than three decades.

Futures were little changed in New York. Prices on Wednesday closed 0.7 percent lower after soaring 1.3 percent as multiple platforms suspended operations in the Gulf of Mexico. U.S. output 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 2.24 million barrels last week, compared with a 2.45-million drop 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 for the crown prince who has supported prolonging the production reductions.

West Texas Intermediate for December delivery was at $56.88 a barrel on the New York Mercantile Exchange, up 7 cents, at 12:43 p.m. in Hong Kong. Total volume traded was about 52 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 12 cents to $63.61 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 $6.49 to January WTI.

Source : Bloomberg

RELATED NEWS
Oil Rises as Slower U.S. Stockpile Gain Adds to Risk-Asset Cheer...
Thursday, 15 February 2018 19:44 WIB

Minyak di New York diperdagangkan di dekat level satu minggu tertinggi karena membaiknya sentimen pada ekuitas ke stok minyak mentah dan persediaan minyak di Amerika Serikat meningkat lebih lambat dar...

Oil turns higher after smaller-than-expected inventory rise...
Wednesday, 14 February 2018 22:59 WIB

Minyak acuan AS naik tipis, menghapus kerugian sebelumnya, setelah data pemerintah menunjukkan kenaikan yang lebih tipis dari perkiraan untuk persediaan minyak mentah pekan lalu. Minyak mentah West T...

Oil Steady Near $59 as IEA Says Shale May Derail OPEC Cuts...
Tuesday, 13 February 2018 21:12 WIB

Minyak menguat mendekati $ 59 per barel di New York karena Badan Energi Internasional memperingatkan bahwa kenaikan pasokan A.S. dapat mengatasi keberhasilan OPEC dalam mengurangi kelebihan pasokan. ...

Oil Drops Toward $60 as Risk-Asset Rout Inflames Supply Fears...
Friday, 9 February 2018 20:07 WIB

Minyak menuju pekan terburuknya dalam hampir setahun terakhir karena aset berisiko global yang dialami investor sudah khawatir mengenai pasokan AS yang semakin meningkat. Kontrak berjangka yang diper...

Oil Extends Biggest Drop in Two Months as Dollar and Shale Weigh...
Thursday, 8 February 2018 20:45 WIB

Minyak turun untuk hari kelima seiring melonjaknya output AS dan kenaikan dolar mengirim minyak mentah ke penurunan terbesarnya dalam dua bulan terakhir. Kontrak berjangka turun sebanyak 1 persen di ...

POPULAR NEWS
Gold's Tops Hold, Next stop $1300

The equity markets are closed today; however,...

Gold Marks Worst Daily Drop In About a 1 1/2 Years As Dollar Gains Steam

Gold prices finished sharply lower on Tuesday,...

US Open to Discussing Talks With North Korea

The U.S. is indicating a new willingness to talk...

LATEST NEWS
Sterling bounces off one-week lows as dollar skids

Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains. Despite sterling's weakness this week, it is...

European Markets Recover Losses By Close

European stocks closed just below the flat line Thursday afternoon, as heightened expectations of faster interest rate hikes in the U.S. hampered risk appetite globally. The pan-European Stoxx 600 close 0.2% lower at 380.34, with major bourses and...

Dow jumps more than 300 points as 10-year yield eases from 4-year high

U.S. stocks traded higher on Thursday, trying to snap a two-day losing streak, as 10-year yield slipped from multiyear highs seen in the previous session. The Dow Jones industrial average rose 345 points or 1.39 percent to 25,143, with United...