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Oil Falls on Coronavirus Hit to Demand, OPEC+ Delay

Tuesday, 18 February 2020 19:48 WIB Minyak WTI Brent Minyak Mentah Oil,

Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Forecasters including the International Energy Agency (IEA) have cut 2020 oil demand estimates because of the virus. Though new cases in mainland China have dipped, global experts say it is too early to judge if the outbreak is being contained. Brent crude was down $1.18 at $56.48 a barrel after rallying in the previous five sessions. U.S. West Texas Intermediate crude fell 95 cents to $51.10 per barrel. Source : Reuters

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Energy

Oil Falls on Coronavirus Hit to Demand, OPEC+ Delay
Tuesday, 18 February 2020 19:48 WIB
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the

Precious Metals

Gold Rises on Rising Business Impact of Virus Outbreak
Tuesday, 18 February 2020 17:37 WIB
Gold prices rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc's revenue warning underscored the financial fallout of the coronavirus epidemic in

CURRENCIES

Dollar Gains on Virus Worries; Sterling Shows Strength
Tuesday, 18 February 2020 16:01 WIB
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