DJIA28791.55
LIVE255.75(0.90%)
NDX9100.32
LIVE148.14(1.65%)

Oil Prices Trade Higher on OPEC Revised Forecast Report


Thursday, 12 December 2019 13:01 WIB

MinyakWTIBrentOil,


c_740_198_16777215_00_images_assets_OIL2_LYNXMPEB2M052_L.jpg

Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year.

U.S. Crude Oil WTI Futures gained 0.1% to $58.84 by 12:18 AM ET (04:18 GMT). International Brent Oil Futures gained 0.4%.

In a report released overnight, OPEC said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought.

The revised forecast by OPEC marks a further retreat from a prediction of a glut in 2020 as U.S. production growth begins to slow.

Source : Investing.com


RELATED NEWS

  • Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. B...

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.