DJIA27724.39
LIVE32.90(0.12%)
NDX8270.22
LIVE6.43(0.08%)

Oil Prices Trade Lower as API Data Shows Crude Stockpiles Rise Last Week


Wednesday, 23 October 2019 12:42 WIB

MinyakWTIBrentMinyak MentahOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_crude-oil-copy.jpg01-770x433.jpg

Oil prices traded lower on Wednesday in Asia after data from the American Petroleum Institute (API) showed that U.S. crude stockpiles rose last week.

U.S. Crude Oil WTI Futures lost 0.8% to $54.07 by 12:38 AM ET (04:38 GMT). International Brent Oil Futures were down 0.5% to $59.43.

Crude inventories rose by 4.5 million for the week ended Oct. 18, the API said.

The Energy Information Administration (EIA)'s weekly report is due tomorrow. Analysts expect the EIA to report a build of 2.23 million barrels.

Source : Investing.com


RELATED NEWS

  • 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...

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.