Oil Drops After Biggest Gain in a Month as Trade Optimism Ebbs

Monday, 14 October 2019 09:16 WIB

Minyak WTIMinyak MentahMinyak Brent


Oil fell after surging the most in almost a month on Friday on signs investors are skeptical that progress in U.S.-China trade talks will lead to a quick recovery in demand.

Futures in New York dropped as much as 0.7% after closing up 2.2% in the previous session. Washington and Beijing reached a partial trade deal last week, and are aiming for a more comprehensive agreement before the end of the year. An attack on an Iranian crude tanker in the Red Sea on Friday also ratcheted up tension in the Middle East and contributed to price gains.

WTI for November delivery dropped 24 cents, or 0.4%, to $54.46 a barrel on the New York Mercantile Exchange as of 9:52 a.m. in Singapore. It advanced $1.15 on Friday, capping a weekly gain of 3.6%.

Brent crude for December settlement fell 25, or 0.4%, cents to $60.26 a barrel on the ICE Futures Europe Exchange after climbing 2.4% on Friday. The global benchmark traded at a $5.75 premium to WTI for the same month.

Source : Bloomberg


  • Oil prices fell on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand. U.S. President Donald Trump sai...
  • Oil prices steadied after rising about 1% on Tuesday following a speech from U.S. President Donald Trump that offered few new details about Washington's trade talks with Beijing. Concerns about slowe...



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.