DJIA28132.05
LIVE220.75(0.79%)
NDX8466.90
LIVE64.29(0.77%)

Oil Prices Inch Down Despite Positive Trade News


Monday, 18 November 2019 13:47 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_OIL2_0il-prices-volatility-iran-780x439.jpg

Oil prices inched down on Monday in Asia despite positive trade news.

Chinese state media Xinhua reported that Chinese Vice Premier Liu He discussed a partial deal with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer in a phone call on the weekend.

The two sides had “constructive discussions” about “each other's core concerns,” the article said. The USTR confirmed the call took place.

Asian stocks received a boost following the news, but oil prices were little impacted.

U.S. Crude Oil WTI Futures were unchanged at $57.83 by 1:26 AM ET (05:26 GMT), while international Brent Oil Futures slipped 0.1%.

A monthly report from the International Energy Agency (IEA) were cited as a potential catalyst for the selling today. The IEA estimated that non-OPEC supply growth would grow to 2.3 million barrels per day (bpd) next year compared with 1.8 million bpd in 2019.

Source : Investing.com


RELATED NEWS

  • Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a...
  • Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude invent...

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.