DJIA28132.05
LIVE0(0.00%)
NDX8466.90
LIVE0(0.00%)

Oil Mostly Steady Amid Trump Comments on China Trade Deal, Iran


Monday, 27 May 2019 18:13 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_oil-555x416.jpg

U.S. oil held gains above $58 a barrel after American explorers reduced drilling activity to the lowest level in more than a year, even as President Donald Trump said Washington isn’t ready to make a trade deal with China.

Futures in New York edged lower after closing 1.2% higher on Friday, amid the intensifying trade dispute between the world’s two largest economies. Trump said he isn’t pursuing regime change in Iran, in spite of U.S. sanctions on the OPEC member’s oil exports. Working U.S. rigs fell to its lowest level since March 2018, according to Baker Hughes data released Friday.

West Texas Intermediate crude for July delivery fell 32 cents, or 0.6%, to $58.31 a barrel on the New York Mercantile Exchange at 1:49 p.m. in Dubai. The contract closed 72 cents higher on Friday, paring its loss for the week to 6.6%.

Brent for July settlement was almost unchanged at $68.72 a barrel on London’s ICE Europe Futures after settling 1.4% higher on Friday. The global benchmark crude is trading at a $10.39 premium to WTI.

Source : Bloomberg


RELATED NEWS

  • Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a...
  • Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude invent...

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.