DJIA28722.85
LIVE187.05(0.66%)
NDX9093.17
LIVE140.99(1.57%)

Oil Prices Slightly Weaker After 2% Gains Overnight


Friday, 9 August 2019 13:09 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_Oil3_0ilcrude.jpg

Oil prices traded slightly lower on Friday in Asia.

U.S. Crude Oil WTI Futures slipped 0.1% to $$52.47 by 12:18 AM ET (04:15 GMT). International Brent Oil Futures dropped 0.2% to $57.27.

Citing a Saudi oil official, Reuters reported today that Saudi Arabia is planning to maintain its crude oil exports below 7 million barrels per day in August and September.

The news followed a Bloomberg report yesterday that said the kingdom would not tolerate the steep slide in oil prices and was open to all options to halt further declines.

Upbeat Chinese data were also cited as tailwind for the oil markets, which jumped 2% in the previous session before giving back some of their gains today.

Custom data showed on Thursday that China's dollar-denominated exports gained 3.3% from a year ago. That compares with an expected fall of 2.0%. Imports during the month fell 5.6%, less than the forecasted 8.3% decline.

Source : Investing.com


RELATED NEWS

  • Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. B...

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.