DJIA28015.06
LIVE337.27(1.22%)
NDX8397.37
LIVE88.97(1.07%)

U.S. oil prices drop 6% for the month


Saturday, 31 August 2019 02:11 WIB

MinyakCadangan Minyak Mentah ASMinyak Mentah


c_740_198_16777215_00_images_assets_OIL_12Produksi-opec-meningkat-paksa-harga-minyak-dunia-terpuruk-DbO-620x310.jpg

Oil futures finished lower Friday, with U.S. front-month contract prices down roughly 6% for the month, according to FactSet data.

Russian Energy Minister Alexander Novak said Russia's oil output cuts in August will be slightly below those agreed to under the deal between OPEC and non-OPEC producers, Reuters reported, citing RIA and Interfax news agencies.

That shook confidence surrounding the output-cut deal, analysts said. October West Texas Intermediate oil fell $1.61, or 2.8%, to settle at $55.10 a barrel on the New York Mercantile Exchange.

Source : MarketWatch


RELATED NEWS

  • Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that O...

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.