DJIA25695.11
LIVE220.09(0.86%)
NDX9641.05
LIVE42.16(0.44%)

Oil Holds Gains as U.S. Inventory Falls and Trade Optimism Grows


Thursday, 26 December 2019 08:15 WIB

WTIBrent


c_740_198_16777215_00_images_assets_OIL_11OPEC-sees-short-term-balance-in-US-oil-production.jpg

Oil held gains as an industry report showed American inventories shrunk. Optimism over a partial U.S.-China trade deal grew as more U.S. soybean shipments cleared customs.

Futures in New York rose as much as 0.7%, on track for the largest monthly gain in almost a year. U.S. crude stockpiles dropped 7.9 million barrels last week, Reuters reported, citing American Petroleum Institute data. China’s November imports of American soybeans surged to the highest in about two years.

West Texas Intermediate for February delivery climbed as much as 43 cents on the New York Mercantile Exchange and traded 9 cents higher at $61.20/bbl as of 7:48 am in Singapore. Markets were closed on Wednesday for the Christmas holiday

Brent for February settlement settled 81 cents higher on Dec. 24 at $67.20/bbl on Tuesday.

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.