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Oil Marks Highest Finish Since November, With U.S. Prices Up 6 Sessions in a Row

Thursday, 21 February 2019 03:54 WIB Minyak WTI brent oil Oil, Crude Oil

Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude supplies outweigh pressure from a continued rise in U.S. production. March WTI crude oil tacked on 83 cents, or 1.5%, to settle at $56.92 a barrel. That was the highest finish for a front-month contract since Nov. 12, according to Dow Jones Market Data. The March contract expired at Wednesday’s settlement. The new front-month contract, April WTI settled at $57.16, up 71 cents, or 1.3%. April Brent rose 63 cents, or about 1%, to $67.08 a barrel on the ICE Futures Europe, after trading as low as...

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Energy

Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude

Precious Metals

Gold futures climbed on Wednesday to their highest settlement since April, then edged lower in electronic trading after the release of minutes from the U.S. Federal reserve's January meeting.

CURRENCIES

Dollar holds steady, awaits Fed minutes
Wednesday, 20 February 2019 19:54 WIB
The U.S. dollar was little changed Wednesday, ahead of the release of the Federal Reserve’s January meeting minutes, which could harbor more dovish surprises for the market. All the while, market

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