Oil Prices Lifted for 10th Day as Dollar Softens

Friday, 11 January 2019 20:14 WIB

Minyak WTIbrent oilOil,Crude Oil


Crude prices gained modestly Friday, helped by a weaker dollar, putting the U.S. benchmark on track for a 10-day winning streak that would be its longest since December 2016.

Early Friday, West Texas Intermediate crude for February delivery picked up 32 cents, or 0.6%, at $52.91 a barrel. The settlement Thursday at $52.59 a barrel on the New York Mercantile Exchange was the highest since Dec. 7, according to Dow Jones Market Data. Oil prices are significantly higher for the week to date, with WTI up about 10%.

Prices climbed out of a bear market Wednesday, and have now climbed by about 24% from the 52-week low of $42.53 on Dec. 24.

Source : Marketwatch


  • Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that O...



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