DJIA25742.65
LIVE267.63(1.05%)
NDX9657.31
LIVE58.42(0.61%)

Oil Prices Extend Gains Amid Middle East Tensions, Rate Cut Hopes


Friday, 21 June 2019 09:07 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL_North-Sea-Brent-crude-oil-008.jpg

Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran shot down a U.S. military drone and on hopes for a drop in U.S. interest rates that may stimulate global growth.

While U.S. President Donald Trump played down the destruction of the drone, tensions remain high after the latest incident in the Gulf, which followed tanker attacks last week that raised concerns about crucial oil supplies being disrupted.

The demand-side picture has also improved, with expectations that the U.S. Federal Reserve will cut interest rates at its next meeting and with plans by Beijing and Washington to resume talks to resolve a trade war that has hit economic growth prospects.

Brent crude was up 39 cents, or 0.6%, at $64.84 a barrel by 0034 GMT. The global benchmark rose 4.3% on Thursday and is heading for a weekly gain of more than 4% after four weeks of decline.

U.S. West Texas Intermediate crude was up 32 cents, or 0.6%, at $57.39 a barrel. The U.S. benchmark rose 5.4% on Thursday and is on track for a nearly 10% increase this week.

Source : Reuters


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.