Oil Prices Jump as OPEC Production Cut Compliance Tops 150%

Tuesday, 27 August 2019 19:28 WIB

MinyakWTIBrentMinyak MentahOil,Minyak Berjangka


Oil prices jumped more than 1% on Tuesday as the Joint Ministerial Monitoring Committee reported than compliance in the pact between OPEC and its allies to cut production topped 150%.

New York-traded West Texas Intermediate crude futures gained 75 cents, or 1.4%, to $54.39 a barrel by 7:35 AM ET (11:35 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., rose 66 cents, or 1.1%, to $58.78.

Overall conformity jumped to 159% in July from the prior 137% and the average compliance of 134% since January was at its highest level so far this year.

The committee said that the pact between OPEC and allies led by Russia was supporting oil market stability and predicted that with “ongoing healthy oil demand” that has arrested growth in global oil inventories, the situation should lead to “significant draws” in the second half of 2019.

Source :


  • 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...



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.