DJIA27909.60
LIVE-105.46(-0.38%)
NDX8362.74
LIVE-34.63(-0.41%)

Oil Cools After Biggest Gain Since Saudi Attack on U.S. Supplies


Thursday, 24 October 2019 13:59 WIB

MinyakWTIBrentOil,Crude Oil


c_740_198_16777215_00_images_assets_OIL_OilWTI.gif

Oil pared gains after surging the most since the attacks on Saudi Arabia following a surprise decline in U.S. crude stockpiles.

Oil is still down more than 15% from an April peak as the prolonged trade dispute between Beijing and Washington dented global demand. Russia’s energy minister Alexander Novak said none of the OPEC+ members have submitted a proposal to change existing conditions of their output-curb deal, following a Reuters report Tuesday that the group may be considering deeper cuts.

West Texas Intermediate for December delivery lost 33 cents to $55.64 a barrel on the New York Mercantile Exchange as of 7:38 a.m. in London. The contract added $1.49 to close at $55.97 on Wednesday, the biggest gain since Sept. 16.

Brent for December settlement fell 16 cents, or 0.3%, to $61.01 a barrel on the London-based ICE Futures Europe Exchange. The contract rose $1.47 to $61.17 on Wednesday. The global benchmark crude traded at a $5.35 premium to WTI.

Source : Bloomberg


RELATED NEWS

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.