Sunday, 24 June 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil Holds Gains Near 3-Year High as U.S. Crude Stockpiles Shrink
Thursday, 11 January 2018 07:38 WIB | COMMODITY |MinyakWTIBrent

Oil held gains near the highest close in more than three years as U.S. crude stockpiles declined for an eighth week and production shrank the most since October.

Futures were little changed in New York after rising 3.5 percent the previous three sessions. Inventories fell by 4.95 million barrels last week, according to the Energy Information Administration. Crude stockpiles at Cushing, Oklahoma, the delivery point for West Texas Intermediate, extended a drop below the five-year average, while oil output slid a second time in three weeks.

Oil is extending gains after a second yearly advance as the Organization of Petroleum Exporting Countries and its allies trim supply to reduce a global inventory overhang. While U.S. output slid last week, the EIA has forecast production will rise above 10 million barrels a day as soon as next month.

WTI for February delivery was at $63.45 a barrel on the New York Mercantile Exchange, down 12 cents, at 7:33 a.m. in Hong Kong. Total volume traded was more than double the 100-day average. Prices gained 1 percent to $63.57 on Wednesday, the highest close since December 2014.

Brent for March settlement added 38 cents, or 0.6 percent, to $69.20 a barrel on the London-based ICE Futures Europe exchange on Wednesday. The global benchmark crude ended the session at a premium of $5.78 to March WTI.

Source : Bloomberg

RELATED NEWS
U.S. Oil Prices Settle at a Nearly Two-Week High...
Thursday, 14 June 2018 03:07 WIB

Minyak berjangka membukukan keuntungan untuk sesi ketiga berturut-turut pada hari Rabu, menetap di hampir dua minggu tertinggi, karena pasokan minyak mentah AS turun lebih dari yang diperkirakan pada ...

Oil prices turn higher after EIA reports a bigger-than-expected weekly fall in U.S. crude supplies...
Wednesday, 13 June 2018 21:46 WIB

Administrasi Informasi Energi (EIA) AS melaporkan pada hari Rabu bahwa persediaan minyak mentah turun sebesar 4,1 juta barel untuk pekan yang berakhir 8 Juni. Analis yang disurvei oleh S&P Global...

U.S. oil prices finish higher for a second session, but Brent oil falls after OPEC report...
Wednesday, 13 June 2018 03:13 WIB

Minyak melihat perdagangan yang bervariasi pada hari Selasa, dengan harga AS ditutup sedikit lebih tinggi untuk sesi kedua berturut-turut, tetapi minyak mentah Brent acuan global berakhir lebih rendah...

Oil Ends Higher on Production Risks, Even After Report of Higher Saudi Output...
Tuesday, 12 June 2018 03:06 WIB

Harga minyak menetap lebih tinggi pada hari Senin, mendapatkan dorongan dari gangguan pasokan yang diperkirakan di Iran dan Venezuela, bahkan setelah laporan kenaikan produksi minyak mentah dari Arab ...

Oil Trades Near $66 Amid Signs OPEC to Clash Over Supply Policy...
Friday, 8 June 2018 19:41 WIB

Minyak diperdagangkan mendekati $ 66 per barel di New York di tengah tanda-tanda negara-negara OPEC dapat berbenturan dengan kebijakan produksi ketika mereka mengadakan pertemuan pada akhir bulan ini....

POPULAR NEWS
Gold settles at fresh 2018 low as dollar index taps 11-month high

Gold prices marked a third straight session...

Oil Trades Near $66 as OPEC Moves Closer to Output Boost Deal

Oil traded near $66 as OPEC and its allies...

Gold Prices Edge Up After Flash PMI Data Disappoints

The gold market saw a small uptick after the...

LATEST NEWS
HK stocks post biggest weekly loss in 3 months amid trade war fears (Review)

Hong Kong™s benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington. The Hang Seng index rose 0.2 percent to 29,338.70, while the...

Dow Halts Skid at 8 Straight Sessions, But Stock Market Ends The Week Lower Amid Trade Jitters

The Dow Jones Industrial Average on Friday closed higher, ending an eight-session slide that drove the broader market to weekly loss, amid rising global trade tensions. The Dow closed up about 120 points, or 0.5%, at 24,581, avoiding a nine-day...

Oil Ends Week With a Rally After OPEC Agrees to Smaller-Than-Expected Production Boost

Oil prices rallied Friday, with U.S. prices jumping nearly 6% for the week, as OPEC members agreed to raise output, but by an amount that appears to be less than traders had anticipated. August West Texas Intermediate crude on the New York...