DJIA27076.82
LIVE-142.70(-0.52%)
NDX7852.41
LIVE-40.55(-0.51%)

Oil price rally takes a breather after Monday's big gains


Tuesday, 20 August 2019 19:12 WIB

MinyakMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_OIL_121will-peak-oil-save-planet_44.jpg

Oil futures retreated on Tuesday, with crude prices pausing after a sharp run-up in the previous session that had been partly fueled by reports that Yemen's Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia's largest oil fields.

West Texas Intermediate crude for October delivery lost 25 cents, or 0.5%, to $55.90 a barrel, after the most-active contract gained 2.4% on Monday. October Brent edged 20 cents, or 0.3%, lower at $59.64 a barrel, following a 1.9% gain in the previous session.

Oil prices have mostly risen over the past two weeks as expectations that central banks across the globe will combat signs of recession with greater stimulus that could help stimulate appetite for crude and other energy assets.

Investors are awaiting inventory data from the American Petroleum Institute later Tuesday at 4:30 p.m. Eastern Time, which will be followed by the closely watched U.S. Energy Information Administration report at 10:30 a.m on Wednesday.

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.