DJIA26867.86
LIVE42.12(0.16%)
NDX7923.83
LIVE-16.50(-0.21%)

Oil edges up after steep fall; OPEC cuts, stocks draw support


Wednesday, 3 July 2019 13:34 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_OIL_61358408716_625x300.jpg

Oil prices were steady on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand.

Prices were also supported by widely-watched data showing a larger-than-expected drawdown in U.S. crude oil inventories, with government data due later in the day.

Brent crude futures (LCOc1) for September delivery were trading up 12 cents, or 0.2%, at $62.52 a barrel by 06:13 GMT.

U.S. crude futures for August (CLc1) were up 16 cents, or 0.3%, at $56.41 a barrel. Both benchmarks fell more than 4% on Tuesday as worries about a slowing global economy.

The Organization of the Petroleum Exporting Countries and other producers such as Russia, a group known as OPEC+, agreed on Tuesday to extend oil supply cuts until March 2020 as members overcame differences to try to prop up prices.

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.