DJIA27024.80
LIVE237.44(0.89%)
NDX7942.85
LIVE100.52(1.28%)

Oil logs 9% weekly rise, biggest since late 2016; refinery fire jolts gasoline futures


Saturday, 22 June 2019 03:08 WIB

MinyakMinyak WTIGasoline


c_740_198_16777215_00_images_assets_Oil3_0il_gu_20170807094937_ZH.jpg

Oil futures gained on Friday, with U.S. prices tallying a rise of nearly 9% for the week and highest settlement this month, lifted by expectations for economy-boosting central bank policy and continued Middle East tensions that could disrupt oil markets.

Gasoline led the climb among energy futures, up almost 4% for the session, amid reports that a fire at a 150-year-old refinery complex in Philadelphia startled residents with explosions. Any permanent damage to the facility, the largest on the U.S. Eastern Seaboard, was as yet unclear.

On Friday, the new front-month contract, August West Texas Intermediate crude rise 36 cents, or 0.6%, to settle at $57.43 a barrel on the New York Mercantile Exchange. Based on front-month prices, WTI finished at its highest since May 29. It rose 8.8% for the week, the biggest such percentage climb since the week ended Dec. 2, 2016, according to Dow Jones Market Data.

Source : MarketWatch


RELATED NEWS

  • Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal des...
  • One session is all it took for the optimism over U.S.-China trade talks to turn into pessimism. Crude oil prices settled down 2% on Monday after a Bloomberg report that China had more demands from th...

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.