DJIA24100.51
LIVE-496.87(-2.02%)
NDX6594.96
LIVE-173.01(-2.56%)

Oil Declines as OPEC Resumes Talks in Hunt for Production Deal


Friday, 7 December 2018 18:20 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL2_c20b4f86-d097-431f-83eb-ef06f6d8464f_169.jpg

Oil extended losses near $51 a barrel after OPEC entered a second day of talks in an attempt to draw up a deal to cut output.

New York futures slipped as much as 1.7 percent, falling for a third session. Saudi Energy Minister Khalid Al-Falih said Thursday in Vienna that he isn’t confident of an agreement when the Organization of Petroleum Exporting Countries meets again with its allies on Friday. OPEC is discussing a proposalthat would see the group reduce output by 650,000 barrels a day, with a further 350,000 barrel a day contribution from its allies, including Russia, delegates said.

West Texas Intermediate for January delivery dropped as much as 89 cents to $50.60 a barrel on the New York Mercantile Exchange, and was at $51.30 at 10:37 a.m. in London. Prices fell 2.7 percent to $51.49 on Thursday. Total volume traded was around 60 percent above the 100-day average.

Brent for February settlement lost 80 cents to $58.71 a barrel on London’s ICE Futures Europe exchange after falling 2.4 percent on Thursday. The global benchmark crude traded at an $8.58 premium to WTI for the same month.

Source : Bloomberg


RELATED NEWS

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.