DJIA27982.54
LIVE-32.52(-0.12%)
NDX8407.61
LIVE10.24(0.12%)

Oil Prices Pause Bull Run, Weekly Streak of Gains at Risk


Friday, 26 April 2019 19:31 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL2_103746743-GettyImages-510774376.530x298.jpg

Oil prices pulled back Friday as traders paused what has shaped up as the longest bull run in about a year for the international benchmark and an even bigger feat for the U.S. market, after prices scored six-month highs earlier this week.

U.S.-based West Texas Intermediate crude for June delivery fell $1.17, or 1.8%, to $64.05 a barrel on the New York Mercantile Exchange. WTI on Tuesday scratched $66.30, the highest settlement for a front-month contract since Oct. 29, FactSet data show, before the market turned south for consecutive sessions.

June Brent crude the global benchmark, fell $1.46, or 2%, at $72.89 a barrel on ICE Futures Europe. Before Thursday’s drop, front-month contract prices for the global benchmark climbed in each of the previous four sessions and settled Wednesday at the highest since late October. Brent crude, up 1.3% for the week, is headed for a fifth weekly gain in a row, the best run in the past year.

Source : Marketwatch


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.