DJIA26162.87
LIVE-89.37(-0.34%)
NDX7654.12
LIVE-53.31(-0.69%)

U.S. oil prices post biggest one-day gain of the year


Friday, 21 June 2019 02:09 WIB

Minyak WTICadangan Minyak Mentah ASMinyak Mentah


c_740_198_16777215_00_images_assets_OIL_SX029_6740_9.jpg

U.S. oil futures rallied Thursday in reaction to worsening tensions between the Iran and U.S. that may lead to a disruption of oil flow in the Strait of Hormuz.

Iran shot down a U.S. drone and U.S. President Donald Trump said in a tweet that "Iran made a very big mistake!" Language from Trump "has driven up oil as traders fear supply in the Middle East might be squeezed by Washington D.C. potentially taking a tougher stance on the country," said David Madden, market analyst at CMC Markets.

July West Texas Intermediate oil rose $2.89, or 5.4%, to settle at $56.65 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since late May and biggest one-day dollar and percentage gain since December, according to Dow Jones Market Data. August WTI became the front-month contract at the day's settlement. It added $3.10, or 5.7%, to $57.07.

Source : MarketWatch


RELATED NEWS

  • Oil prices traded slightly lower on Friday as markets prepped for a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium. New York-traded West Texas Intermediate ...
  • Oil futures ended lower on Thursday, weighed down by expectations for surplus supplies, with the economy and energy demand moving back into focus on the first day of the Jackson Hole economic policy s...

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.