DJIA27662.40
LIVE-29.09(-0.11%)
NDX8253.34
LIVE-10.45(-0.13%)

Oil Falls as U.S.-Venezuela Standoff Eases And Rig Count Rises


Monday, 28 January 2019 07:46 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_00crudeoil.jpg

Oil fell to near $53 a barrel as a standoff between the U.S. and Venezuela eased, while America’s rig count rose signaling further gains in the nation’s crude production.

Futures in New York dropped as much as 0.9 percent after a three-day surge of 2.1 percent. Venezuela abandoned its decision to sever diplomatic ties with the U.S., defusing tensions after Washington’s decision to recognize National Assembly leader Juan Guaido as the nation’s rightful head of state. Meanwhile, working oil rigs in the U.S. rose for the first time this year, according to data released Friday by oilfield-services provider Baker Hughes.

WTI for March delivery falls as much as 49c to $53.20/bbl on Nymex, trades at $53.38/bbl at 9:20am in Tokyo. Contract +56c to $53.69 on Friday.

March Brent fell 28c to $61.36/bbl on ICE Futures Europe exchange. Contract +55c to $61.64 on Friday. Brent trades at $8 premium to WTI.

Source : Bloomberg


RELATED NEWS

  • Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand. U.S. President Donald Trump sai...
  • Oil prices steadied after rising about 1% on Tuesday following a speech from U.S. President Donald Trump that offered few new details about Washington's trade talks with Beijing. Concerns about slowe...

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.