DJIA25291.07
LIVE210.57(0.84%)
NDX6890.45
LIVE120.58(1.78%)

Oil Rises as China Reports Record Crude Imports


Thursday, 8 November 2018 14:54 WIB

MinyakWTIBrentOil,


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

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world's No.2 economy could stoke an emerging fuel glut.

However, oil markets were held back somewhat after the United States became the world's top crude producer as its output hit record levels.

Front-month Brent crude oil futures were at $72.20 a barrel at 0717 GMT, up 13 cents, or 0.2 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $61.83 per barrel, up 16 cents, or 0.3 percent, from their previous settlement.

China's October crude imports surged 32 percent from a year earlier to 40.80 million tonnes, or 9.61 million barrels per day (bpd), data from the General Administration of Customs showed on Thursday, climbing from 9.05 million bpd in September. The previous daily record of 9.6 million bpd was touched in April 2018.

Source : Reuters


RELATED NEWS

  • Minyak berjangka AS berakhir lebih tinggi pada hari Kamis, kembali menguat dari terendahnya hampir satu tahun pada penutupan di awal pekan ini. Harga, bagaimanapun, mengakhiri level terbaik sesi karen...

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.