DJIA27219.52
LIVE35.37(0.13%)
NDX7892.96
LIVE-24.38(-0.31%)

Oil Set for Weekly Loss as U.S. Inventories Show Surprise Gain


Friday, 6 July 2018 07:22 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL2_08791ab0-dad0-11e3-9a27-00144feabdc0.jpg

Oil headed for its biggest weekly loss in a month after a government report showed a surprise increase in U.S. inventories and Saudi Arabia cut pricing for most of its crude grades.

Futures in New York were little changed on Friday, heading for a 1.4 percent loss this week. Government data showed U.S. crude stockpiles added 1.25 million barrels last week, compared with a drop of 5 million barrels forecast in a Bloomberg survey of analysts. Saudi Arabia lowered August pricing for most of its oil grades after U.S. President Donald Trump demanded that OPEC do more to stabilize markets.

West Texas Intermediate crude for August delivery traded at $73.09 a barrel on the New York Mercantile Exchange, up 15 cents at 9:07 a.m. Tokyo time. The contract has lost $1.02 so far this week.

Brent for September settlement added 16 cents, or 0.2 percent, to $77.55 a barrel on the London-based ICE Futures Europe exchange. Prices on Thursday slid 85 cents to close at $77.39. The contract is down 2.4 percent this week. The global benchmark traded at a $6.71 premium to WTI for the same month.

Source : Bloomberg


RELATED NEWS

  • Barely a week after appearing like they'd won the market back, oil bulls were at a loss again on Thursday as crude prices tumbled for a third-straight day on concerns that sanctioned Iranian supplies ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.