DJIA29348.10
LIVE50.46(0.17%)
NDX9173.73
LIVE48.73(0.53%)

Oil prices close to new multiweek high as traders weigh G-20 trade uncertainty, supply factors


Friday, 28 June 2019 02:45 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_OIL2_104372245-4ED4-BL-0329oilprices.600x400.jpg

Oil prices looked set Thursday to notch new multiweek highs, as global markets awaited pivotal trade discussions out the Group of 20 leaders summit, Iran issues simmered and the global supply picture took shape.

The move followed a roughly 3% price surge Wednesday for U.S. prices, seen on data showing a weekly drop of nearly 13 million barrels in domestic crude supplies.

In Thursday dealings, August West Texas Intermediate crude added 14 cents, or 0.2%, at $59.52 a barrel. Prices on the New York Mercantile Exchange were on track to log another settlement at the highest for a front-month contract since May 22, according to Dow Jones Market Data. Month to date, prices trade roughly 11% higher.

International benchmark August Brent crude was up 23 cents, or 0.4%, at $66.72 a barrel. It finished a day earlier at $66.49 on ICE Futures Europe—the highest settlement in about a month. The contract expires at the end of Friday’s session.

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.