DJIA27933.85
LIVE-101.56(-0.36%)
NDX8338.74
LIVE10.26(0.12%)

Oil Rises Amid Optimism on Trade Talks, Turkish Military Action


Wednesday, 9 October 2019 18:07 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL2_0ilshutterstock_1027684948.jpg

Oil erased losses amid optimism on trade talks scheduled to take place in Washington and signs of unrest near the border between Turkey and Syria.

Futures added as much as 1.3% in New York, after falling in the previous 2 sessions. China remains open to agreeing to a partial trade deal with the U.S., according to an official with direct knowledge of the talks.

West Texas Intermediate for November delivery rose 59 cents to $53.22 a barrel on the New York Mercantile Exchange as of 11:19 a.m. London time. Earlier it rose as high as $53.33.

Brent for December settlement gained 71 cents, or 1.2%, to $58.95 a barrel on the London-based ICE Futures Europe Exchange. The global benchmark crude traded at a $5.62 premium to WTI for the same month.

Source : Bloomberg


RELATED NEWS

  • Oil extended declines, breaking below $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in...

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.